Contingent Action Token Smart Contracts for Authenticated Ledger Updates
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Solution Overview
Problem
The increasing global velocity and volume of data communication in financial systems pose challenges in efficiently communicating, manipulating, and enhancing financial documents, including refreshing asset bases, unlocking untapped asset value, and rapidly retitling new or re-spun assets, which existing communication systems struggle to address effectively.
Innovation Solution
A communication system that includes a legacy system, augmentation systems, conversion, transactional, and control servers, along with user and subscriber devices, facilitates secure asset reconfiguration and reassignment by determining desired financial attributes, acquiring an augmenting asset bundle, and enhancing the financial system to achieve desired attributes through deconstruction, re-bundling, and titling of assets.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If existing communication systems are used to communicate and manipulate financial documents, then data communication can be performed, but the systems struggle to efficiently handle increasing global velocity and volume of data, including refreshing asset bases, unlocking untapped asset value, and rapidly retitling assets
Solution Approach 1:
The patent segments financial assets into digital tokens that can be independently processed, transferred, and manipulated. This tokenization allows the financial system to handle large volumes of asset data efficiently by breaking down complex financial instruments into manageable, standardized units that can be processed in parallel across the communication system.
Solution Approach 2:
The patent introduces blockchain technology as an intermediary layer between traditional financial systems and digital communication networks. This intermediary enables secure, efficient processing of financial data by providing a decentralized ledger that can handle high-velocity transactions while maintaining integrity, thus resolving the bottleneck in existing communication systems.
2Reliability
If secure processing of contingent action tokens is implemented, then asset reconfiguration and reassignment can be achieved securely, but system complexity increases with multiple servers and processing layers
Solution Approach 1:
The patent designs the blockchain network to perform multiple functions simultaneously: it serves as a communication medium, a security layer, a transaction ledger, and a smart contract execution environment. This multi-functionality reduces the need for separate dedicated systems for each function, thereby managing complexity while maintaining high security standards for token processing.
Solution Approach 2:
The patent implements smart contracts that automatically execute contingent actions when predefined conditions are met, eliminating the need for manual intervention or complex coordination between multiple processing layers. The system self-regulates and self-executes, reducing operational complexity while enhancing security through cryptographic verification and automated enforcement of transaction rules.
3Adaptability or versatility
If digital tokens represent financial assets, then asset manipulation and enhancement can be performed, but challenges arise in efficiently refreshing asset bases and retitling assets
Solution Approach 1:
The patent pre-structures financial assets as standardized digital tokens with embedded metadata and programmable characteristics. This preliminary structuring allows for rapid retitling and reconfiguration of assets later, as the tokens are already designed to be easily transferred and reprogrammed, eliminating time-consuming manual asset base refreshment processes.
Solution Approach 2:
The patent creates dynamic, programmable tokens that can automatically adapt their properties and behavior based on changing market conditions or predefined triggers. This dynamism enables efficient asset enhancement and manipulation, as tokens can be remotely reconfigured or combined without physical transfer, significantly reducing the time required for asset base refreshment and retitling operations.
Data Source
AI summary
A method executed by a computing infrastructure to utilize an object distributed ledger includes identifying a contingency-action token (CAT) to be updated with new smart contract information on the object distributed ledger. The method further includes identifying a user information authenticity computing entity and generating authenticity information. The method further includes interpreting the authenticity information to produce an authenticity indicator and modifying a smart contract when the authenticity indicator indicates an authenticated status. The method further includes generating, an updated smart contract based on the authenticated user information and the updated smart contract information and causing inclusion of an updated CAT, that includes the updated smart contract, on the object distributed ledger.