Contingent Action Token Authentication on Distributed Ledgers
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 supports secure digital asset representation reconfiguration and reassignment through a method involving a legacy system, augmentation systems, conversion, transactional, and control servers, utilizing blockchain-encoded rived longevity-contingent instruments to facilitate asset bundling, deconstruction, re-bundling, and titling to achieve desired financial attributes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional communication systems are used to communicate financial data, then data communication velocity and volume can be maintained, but security and reliability of digital asset representation reconfiguration and reassignment are insufficient
Solution Approach 1:
The patent introduces a blockchain network as an intermediary between communication devices. The blockchain-encoded representations serve as a trusted mediator that verifies and secures digital asset reconfiguration transactions. The conversion server acts as another intermediary that translates between traditional financial data formats and blockchain-encoded formats, maintaining security while enabling communication between different system layers.
Solution Approach 2:
The system segments the financial data communication process into distinct functional layers: traditional communication devices for data input, conversion servers for format translation, blockchain network for secure transaction processing, and augmentation servers for result delivery. This segmentation allows each component to specialize in its security function while maintaining overall system efficiency.
2Reliability
If blockchain encoding is implemented for secure asset representation, then security and trust are improved, but processing time and computational resources increase
Solution Approach 1:
The system performs preliminary actions by pre-compiling and validating blockchain transactions before final execution. The conversion server prepares the blockchain-encoded representations in advance with all necessary validation logic, so that when transactions need to be executed, the heavy computational work has already been completed, reducing actual transaction processing time.
Solution Approach 2:
The patent creates blockchain-encoded copies of financial asset representations that can be processed independently from the original data. These encoded copies contain all necessary validation and transaction logic, allowing parallel processing and reducing the time burden on the main system while maintaining security through the blockchain verification mechanism.
3Productivity
If digital asset representations are reconfigured and reassigned rapidly, then productivity and responsiveness are improved, but security risks and potential fraud increase
Solution Approach 1:
The blockchain network provides continuous feedback mechanisms through its distributed validation system. Each asset reconfiguration transaction is broadcast to the network, where multiple nodes independently verify the transaction's validity against the smart contract rules. This feedback loop enables rapid processing while maintaining security, as invalid transactions are immediately rejected by the network consensus mechanism.
Solution Approach 2:
The blockchain-encoded representations contain self-validating smart contracts that automatically enforce security rules and validation logic. The system does not require external manual verification for each transaction; instead, the encoded representations themselves perform the security checks, enabling rapid automated processing while maintaining robust security against fraud and manipulation.
Data Source
AI summary
A method executed by a computing infrastructure to utilize an object distributed ledger includes issuing, to a marketplace computing entity, or more digital records of non-authenticated user information for subsequent utilization in establishing of a contingency-action token (CAT) to be represented 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 converting the non-authenticated user information into authenticated user information when the authenticity indicator indicates an authenticated status. The method further includes generating, a smart contract based on the authenticated user information and causing inclusion of the CAT, that includes the smart contract, on the object distributed ledger.