Contingent Action Tokens for Secure Blockchain Asset Reassignment
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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 re-titling 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 through determining desired financial attributes, facilitating the acquisition of augmenting asset bundles, and enhancing the financial system using these bundles to achieve desired financial attributes, leveraging a network of user devices, subscriber devices, servers, and data sources to manage and process financial transactions securely.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional data communication methods are used for financial affairs, then data can be transmitted, but security and reliability deteriorate when handling asset reconfiguration and reassignment
Solution Approach 1:
The patent introduces a contingent action token as an intermediary element that mediates between the asset reconfiguration system and the data communication system. This token carries authentication and authorization information, enabling secure verification of asset ownership and transfer rights without requiring direct complex cryptographic handshakes between all parties, thus improving security while managing complexity
Solution Approach 2:
The system performs preliminary actions by pre-generating and validating contingent action tokens before actual asset reconfiguration occurs. This includes pre-verifying ownership, pre-establishing transfer conditions, and pre-configuring security parameters, which ensures that when the actual reconfiguration happens, the security requirements are already satisfied without last-minute complexity
2Productivity
If asset reconfiguration and reassignment operations are performed rapidly, then productivity improves, but security and accuracy deteriorate
Solution Approach 1:
The patent implements continuous verification mechanisms where contingent action tokens are validated throughout the entire asset reconfiguration process rather than as discrete interruptible steps. This continuous validation ensures that security checks are never bypassed even during high-speed operations, maintaining reliability while enabling rapid processing through optimized continuous verification protocols
Solution Approach 2:
The contingent action token system enables self-service security verification where the token itself contains all necessary authentication data and validation logic. This allows the system to verify its own security requirements without external intervention at each step, enabling automated high-speed processing while maintaining security through self-validating token structures
3Adaptability or versatility
If complex asset manipulation operations are performed, then financial system functionality improves, but vulnerability to attacks increases
Solution Approach 1:
The patent segments complex asset manipulation operations into discrete, atomized actions represented by individual contingent action tokens. Each token represents a specific, limited operation with defined scope and conditions. This segmentation reduces vulnerability because each segmented operation can be independently verified and revoked, and a compromise in one segment does not automatically compromise the entire system
Solution Approach 2:
The system uses parameter changes in the contingent action tokens to control and limit the scope of asset manipulation operations. Each token contains specific parameters that define what operations are permitted, under what conditions, and with what constraints. This parameter-based control enables versatile functionality while reducing vulnerability by ensuring that even if the system is compromised, the attacker can only execute operations within the constrained parameters of valid tokens
Data Source
AI summary
A method executed by a computing device includes identifying a contingency-action token (CAT) of an object distributed ledger of a secure exchange that meets minimum CAT requirements. The method further includes determining whether to select the CAT based on an evaluation with regards to an evaluation profile. When selecting the CAT the method further includes producing a selected CAT and determining reassignment information for the selected CAT. The method further includes facilitating taking control of the selected CAT of a blockchain of the object distributed ledger using a securely passing process and updating the selected CAT utilizing the reassignment information for the CAT to produce an updated CAT. The method further includes causing generation of a new block affiliated with the updated CAT via another blockchain of another object distributed ledger using the securely passing process, where the new block includes the updated CAT.