Contingent Project Object Data Structuring for Crowd-Sourced Initiatives
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Solution Overview
Problem
Current technologies lack a powerful and versatile system for managing, maintaining, and executing projects by ensuring clear project needs and resources for success, particularly in crowd-sourced initiatives involving diverse contributions such as monetary, asset, and service contributions.
Innovation Solution
A system comprising a project server with a project structuring engine, a condition server, and a user profile server, utilizing a distributed ledger network to create and manage contingent project objects with self-executing contracts, defining contribution, initiation, and distribution conditions, and evaluating these conditions electronically for project progression.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a system uses traditional project management methods for crowd-sourced projects, then the system is simple to implement, but the system lacks the capability to clearly define and enforce contribution conditions, initiation criteria, and distribution rules
Solution Approach 1:
The patent segments the project management system into distinct functional modules: contribution condition definitions, initiation criteria specifications, and distribution rule enforcement. Each module operates independently but integrates through the distributed ledger, allowing the system to handle complex project requirements while maintaining manageable complexity through modular architecture
Solution Approach 2:
The system creates a universal project object template that can accommodate multiple types of contributions (monetary, asset, service) and multiple project types through configurable parameters. The same core infrastructure handles diverse project requirements by adapting the project object properties and conditions rather than requiring separate systems for each project type
2Productivity
If a system implements automated condition evaluation and self-executing contracts, then the project progression is transparent and efficient, but the system complexity increases significantly
Solution Approach 1:
The system implements self-service through automated condition evaluation routines that continuously monitor project state and self-executing contracts that automatically trigger actions when conditions are met. The distributed ledger autonomously enforces contribution conditions, evaluates initiation criteria, and executes distribution rules without requiring manual intervention, thereby提高效率 while the modular architecture keeps complexity manageable
Solution Approach 2:
The system incorporates continuous feedback loops where the distributed ledger monitors contribution submissions, evaluates them against defined conditions, and provides real-time status updates. This feedback mechanism enables automated decision-making and progression while maintaining transparency, reducing the need for complex manual oversight structures
3Reliability
If a system uses centralized project management, then the system is easier to control, but the system lacks transparency and trust for crowd-sourced contributions
Solution Approach 1:
The patent introduces a distributed ledger as an intermediary between project participants and the project object. This intermediary provides transparent, immutable recording of all contributions and automated enforcement of conditions, building trust through cryptographic verification while the modular system architecture keeps implementation complexity manageable through standardized interfaces
Data Source
AI summary
Disclosed is a method, a device, a system and/or a manufacture of controlling project contribution, initiation, and/or distribution through data structuring of a contingent project object. In one embodiment, a system for electronic data structuring and management of crowd sourced projects includes a project structuring engine that generates a contingent project object. A contribution condition subroutine defines a contribution condition for an electronically verifiable contribution to the contingent project object. An initiation condition creation subroutine defines an initiation action that is self-executing upon a determination by an initiation evaluation routine that an initiation criteria has been met. The distribution condition generation routine defines a first distribution condition data including a first distribution action that is self-executing when the first distribution criteria has been met. The system may include a node server communicatively coupled to a distributed ledger technology network where the contingent project object may further include a self-executing contract.