Contingent Action Token Reassignment for Secure Blockchain Retitling
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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 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 asset reconfiguration and reassignment through determining desired financial attributes, facilitating the acquisition of augmenting asset bundles, and enhancing the financial system using blockchain-encoded rived longevity-contingent instruments to achieve desired financial attributes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If traditional communication systems are used to communicate financial data, then data communication velocity and volume can increase, but security and reliability of asset reconfiguration and reassignment deteriorate
Solution Approach 1:
The patent introduces a contingent action token as an intermediary that mediates between the asset holder and the asset reconfiguration system. The token contains encoded reconfiguration parameters and acts as a secure carrier that can be transmitted through the communication system without exposing the underlying asset data or reconfiguration logic, thus maintaining security while enabling high-velocity communication
Solution Approach 2:
The patent creates a digital copy of the asset reconfiguration instruction in the form of a token that can be transmitted independently from the original asset data. This token copy contains all necessary information to execute the reconfiguration but does not require direct access to or manipulation of the actual asset holdings, enhancing security while maintaining communication efficiency
2Productivity
If asset reconfiguration and reassignment operations are performed rapidly, then productivity and responsiveness improve, but security risks and potential for errors increase
Solution Approach 1:
The patent performs preliminary encoding of reconfiguration parameters into the contingent action token before transmission. The token is prepared with all necessary authorization, asset identifiers, and reconfiguration instructions in advance, allowing rapid execution without last-minute security checks or data manipulation, thus enabling fast reassignment while maintaining security integrity
Solution Approach 2:
The patent uses a disposable token model where each contingent action token is created for a specific reconfiguration operation and then consumed or invalidated after use. This eliminates the need for long-term storage or repeated validation of sensitive reconfiguration data, reducing security risks associated with persistent storage while enabling rapid sequential operations
Data Source
AI summary
A method executed by a computing device includes selecting a contingency-action token (CAT) of an object distributed ledger that meets minimum CAT requirements. The method further includes 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 the blockchain of the object distributed ledger using the securely passing process, where the new block includes the updated CAT.