Conditional Virtual Land Ownership via Smart Contracts
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Solution Overview
Problem
Existing virtual environments lack functional utilization of virtual land, leading to inefficient community growth and development, as ownership is often speculative without requirements for beneficial use, resulting in inactive land that does not contribute to the community's well-being.
Innovation Solution
A virtual ecosystem is created using virtual reality and blockchain technology, where virtual land ownership is conditional on functional utilization for the betterment of the community, with virtual avatars required to meet periodic asset allocations equivalent to energy requirements for survival in extreme environments, such as Mars, and NFTs linked to specific usage requirements like building or energy generation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If virtual land ownership is granted without usage requirements, then ease of operation is improved, but productivity deteriorates due to inactive land that does not contribute to community well-being
Solution Approach 1:
The patent changes the parameter of land ownership from unconditional to conditional by introducing usage requirements through smart contracts. These contracts specify minimum usage thresholds that owners must meet, transforming the nature of ownership rights while maintaining ease of acquisition through automated enforcement.
Solution Approach 2:
The system implements feedback mechanisms where land usage is continuously monitored and reported back to the smart contract. When usage falls below required thresholds, the system automatically triggers consequences such as warnings, fines, or loss of ownership rights, creating a closed-loop control system that ensures productive land use.
2Adaptability or versatility
If speculative ownership is allowed, then adaptability is improved, but loss of substance increases due to inactive land not contributing to community sustainability
Solution Approach 1:
The smart contract system automatically enforces usage requirements without needing external intervention. The contract self-monitors land usage through integrated sensors and data sources, automatically applies penalties for non-compliance, and executes transfer of ownership rights when thresholds are breached, eliminating the need for manual enforcement while maintaining adaptability.
Solution Approach 2:
The patent introduces dynamic conditions to land ownership where rights are not static but depend on continuous fulfillment of usage requirements. Ownership status changes dynamically based on real-time land utilization data, allowing the system to adapt to varying community needs while preventing resource waste through automated enforcement.
Data Source
AI summary
A method of creating a virtual environment. The virtual environment generated by a computer program that is executed in a computer network system, the method comprising the steps of generating one or more virtual avatars representing one or more real-world users, generating a virtual environment wherein each virtual avatar belongs to one of a plurality of user profiles, and defining a periodic requirement enabling each virtual avatar to exist within the virtual environment; defining assets inside the virtual environment. The method includes establishing at least one earning method for each virtual avatar to earn the defined assets, allowing to earn the defined assets within the virtual environment based in part on the at least one earning method and defining a periodic asset allocation of the defined assets that is equivalent to the periodic requirement by each virtual avatar. Each virtual avatar within the virtual environment is required to make the periodic asset allocations to exist inside the virtual environment.