Contingent Action Tokens for Secure Asset Reconfiguration
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Global enterprise operations face challenges in communicating, manipulating, and enhancing 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 securely processes contingent action tokens to support asset reconfiguration and reassignment, utilizing a network of user and subscriber devices, servers, and data sources, enabling the determination of desired financial attributes, acquisition of augmenting asset bundles, and enhancement of financial systems through deconstruction and re-bundling of assets.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional data communication methods are used for financial affairs, then data transmission can be achieved, but security and efficiency deteriorate as velocity and volume increase
Solution Approach 1:
The patent introduces a contingent action token as an intermediary element that mediates between the financial data and the communication system. This token encapsulates action parameters and security credentials, enabling secure transmission without exposing underlying financial data, thus maintaining security while improving communication efficiency.
Solution Approach 2:
The patent creates a digital representation (copy) of the financial action in the form of a contingent action token. This token copy contains all necessary information to execute the financial action securely, allowing the original financial data to remain protected while the copy facilitates efficient communication and processing.
2Productivity
If asset reconfiguration and reassignment operations are performed rapidly, then productivity improves, but security risks increase
Solution Approach 1:
The patent performs preliminary security validations and credential verifications before asset reconfiguration operations are executed. The system pre-establishes security protocols and validates token credentials in advance, enabling rapid asset operations without compromising security during the actual reconfiguration process.
Solution Approach 2:
The contingent action token serves as a secure intermediary that carries authentication credentials and action parameters. This token-mediated approach allows rapid asset reconfiguration while maintaining security through the token's embedded credentials and validation mechanisms.
Data Source
AI summary
A method executed by a computing device includes determining whether baseline content associated with a longevity-contingent instrument is qualified for a proposed contingency-action token (CAT) for an object distributed ledger. When qualified, the method further includes obtaining approval with regards to availability status of the longevity-contingent instrument for a life insurance investment utilization. The method further includes establishing CAT content to include the baseline content, the availability status, 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.