Contingent Action Token Processing via Secure Blockchain Passing
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Solution Overview
Problem
Global enterprise operations face challenges in communicating, manipulating, and enhancing financial data related to financial affairs, including refreshing asset bases, unlocking untapped asset value, and rapidly retitling new or re-spun assets, which are exacerbated by the increasing velocity and volume of data communication.
Innovation Solution
A communication system that supports secure asset reconfiguration and reassignment by determining desired financial attributes, facilitating the acquisition of augmenting asset bundles, and enhancing the financial system using these bundles to achieve desired financial attributes, utilizing a network of user devices, subscriber devices, servers, and data sources to process and manage financial transactions securely.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional communication systems are used to process financial data, then basic data transmission is achieved, but security vulnerabilities and inability to securely handle contingent action tokens arise
Solution Approach 1:
The patent introduces a contingency processor as an intermediary component between the communication system and financial data. This processor specifically handles contingent action tokens and executes contingency plans, acting as a mediator that enhances security without requiring complete system redesign. The intermediary validates and processes sensitive financial operations separately from the main communication flow.
Solution Approach 2:
The system is segmented into distinct functional components: a communication system for general data transmission, a contingency processor for security-critical operations, and a contingency plan database for storing security protocols. This segmentation allows the patent to enhance security in specific areas without increasing overall system complexity unnecessarily.
2Productivity
If the system processes high velocity and volume of financial data, then data communication capability is improved, but challenges in manipulating and enhancing financial assets arise
Solution Approach 1:
The patent implements preliminary action by pre-defining contingency plans and storing them in a database before they are needed. When contingent action tokens are generated, the system can quickly retrieve and execute pre-planned responses without needing to make complex decisions in real-time, thus maintaining ease of operation despite high data velocity.
Solution Approach 2:
The contingency processor automatically executes contingency plans based on received tokens without requiring manual intervention. The system serves itself by autonomously retrieving appropriate contingency plans from the database and implementing them, which simplifies operation while handling high-volume financial data processing.
3Reliability
If secure funds transfers and blockchain encoding are implemented, then security of financial transactions is improved, but processing complexity increases
Solution Approach 1:
The patent extracts the complex security processing functions into a separate contingency processor that handles blockchain encoding and secure transfer validation. This isolation means the main communication system remains relatively simple while the security subsystem handles the complexity of cryptographic operations and blockchain interactions.
Data Source
AI summary
A method executed by a computing device includes determining baseline content associated with a longevity-contingent instrument for a contingency-action token (CAT) for an object distributed ledger. The method further includes establishing CAT content to include the baseline content and further CAT content to produce the CAT. The method further includes using a securely passing process to generate a new block affiliated with the CAT via a blockchain of the object distributed ledger, where the new block includes the CAT content.