Credential-Less Exchange Authorization With Real-Time Value Modifiers
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Solution Overview
Problem
Existing network-based exchange systems rely on persistent credentials, exposing users to fraud, regulatory risks, and inefficiencies, and lack the ability to handle exchange modifiers in real-time, leading to fraud, delayed reconciliation, and increased carbon footprint.
Innovation Solution
A secure intermediary computing platform using Universally Unique Ephemeral Keys (UUEK) facilitates credential-less exchanges, enabling flexible interfaces for network transactions, allowing for real-time exchange modifications and secure authorization without exposing sensitive information.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If persistent credentials are used for network-based exchanges, then authentication and authorization can be established, but users are exposed to fraud, regulatory risks, and data security vulnerabilities
Solution Approach 1:
The patent extracts and eliminates persistent credentials from the exchange system, replacing them with ephemeral tokens that are generated and consumed within the exchange transaction itself. This removes the harmful storage and transmission of sensitive credential data while maintaining authentication functionality through the token-based system.
Solution Approach 2:
The patent employs short-lived ephemeral tokens instead of persistent credentials. These tokens are generated for each exchange transaction, used once, and then discarded. This disposable approach eliminates the risk of long-term credential storage and reduces exposure to fraud while maintaining sufficient authentication reliability for the transaction duration.
2Object-affected harmful factors
If strict communication protocols and authentication schemes are implemented to address credential insecurity, then data security is improved, but network overhead increases and transaction complexity is introduced
Solution Approach 1:
The patent extracts the security function from complex authentication schemes and implements it through a simplified token-based mechanism. The ephemeral tokens encapsulate security requirements directly in the exchange data structure, eliminating the need for separate complex authentication protocols while maintaining data security.
Solution Approach 2:
The ephemeral token serves multiple functions simultaneously: it acts as an authentication credential, carries exchange modifiers, identifies participants, and enables authorization. This multi-functionality consolidates what would otherwise require multiple separate protocols and procedures into a single unified mechanism, reducing overall system complexity.
3Adaptability or versatility
If traditional exchange modification techniques are used with paper coupons and manual sorting, then exchange modifiers can be applied, but processing time is delayed and reconciliation is inefficient
Solution Approach 1:
The patent replaces the mechanical system of physical paper coupons and manual sorting with a digital exchange modifier system. Exchange modifiers are encoded as data structures within the exchange message itself, enabling automated processing, immediate validation, and instant reconciliation without human intervention or physical handling.
Solution Approach 2:
The patent incorporates exchange modifiers directly into the exchange message at the time of transaction initiation. This preliminary inclusion of modification data eliminates the need for subsequent separate modification steps, paper handling, and manual reconciliation processes, enabling real-time processing from the outset.
4Reliability
If paper copies of exchange modifiers are generated and physically transferred to sorting houses, then exchange modifiers can be reconciled, but carbon footprint increases and the process becomes time-consuming
Solution Approach 1:
The patent completely eliminates the physical paper-based reconciliation system and replaces it with electronic data processing. Exchange modifiers are transmitted as digital data structures, processed automatically by computing systems, and reconciled through electronic matching algorithms, eliminating all physical transportation and manual sorting activities.
Solution Approach 2:
The patent uses digital copies of exchange modifier data that are transmitted and stored electronically throughout the system. These electronic copies replace physical paper copies, enabling unlimited replication without physical constraints, immediate access anywhere in the network, and automated processing that eliminates the need for physical sorting houses and manual handling.
Data Source
AI summary
Various embodiments of the present disclosure provide techniques for modifying a value of a credential-less exchange in near real time using a plurality of identifier mappings, member interfaces, and exchange modifiers. The techniques may include receiving an exchange request for executing a value-based exchange that is indicative of a universally unique ephemeral key (UUEK) and one or more request attributes. The techniques include identifying an exchange data object based on the UUEK and identifying a user exchange modifier for the exchange request based on the exchange data object and the request attributes. The techniques include generating a modified exchange value for the exchange request based on the user exchange modifier and providing an exchange authorization request to a member platform with the modified exchange value.