Cross-Entity Load Balancing via Distributed Ledger Consensus
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Solution Overview
Problem
Existing systems for collaborative operations between entities are centralized, allowing one entity to exert control over others, which hinders trustless and decentralized interactions.
Innovation Solution
A distributed ledger system is used for cross-entity load balancing, employing smart contracts to distribute loads equitably among entities without a central server, using a distributed cryptographic ledger to ensure no single entity controls others.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If a centralized system is used for collaborative operations, then control and coordination are simplified, but trustless and decentralized interactions are hindered
Solution Approach 1:
A distributed ledger acts as an intermediary between entities, enabling trustless collaborative operations without requiring a central controlling authority. The ledger records and verifies operations across multiple entities, allowing decentralized control while maintaining coordination through shared state and consensus mechanisms.
2Ease of operation
If one entity exerts control over other entities, then centralized management is achieved, but decentralized autonomy is reduced
Solution Approach 1:
The system segments control authority across multiple independent entities rather than concentrating it in a single central entity. Each entity maintains autonomy over its own operations while the distributed ledger provides a shared framework for coordination, enabling both centralized management capabilities and decentralized autonomy simultaneously.
3Reliability
If conventional banking transactions are used for financial operations, then regulatory compliance is ensured, but transaction efficiency and automation are reduced
Solution Approach 1:
The system enables entities to autonomously execute financial transactions through smart contracts on the distributed ledger without requiring manual intervention from banks or financial intermediaries. The automated enforcement of transaction rules and regulatory compliance embedded in the smart contracts allows entities to self-manage financial operations, significantly improving transaction efficiency while maintaining reliability.
Data Source
AI summary
Systems and methods for performing cross-entity load balancing operations using a distributed ledger are provided herein. An example method may include, in response to receiving a valid invocation from a first entity, and based at least in part on data associated with the valid invocation, identifying a target entity from a plurality of candidate entities.