Crowd Bootstrap Platform for Secure Resource Allocation
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Solution Overview
Problem
Startups face challenges in accessing a broad range of skilled resources without funding, leading to high costs and inefficiencies in bootstrapping their businesses, as existing solutions do not provide a market for entrepreneurs to leverage a large community of subject matter experts on demand to minimize costs and execute lean startup processes effectively.
Innovation Solution
A computer-implemented method and system that enables entrepreneurs to access a crowd of independent contractors for various tasks by creating profiles, forming teams, and collaborating on lean startup processes, using secure authentication and payment systems, and a fund to acquire resources and solutions, while incentivizing excellent performance and sharing knowledge and resources.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Quantity of substance
If startups access skilled resources through traditional funding channels, then resource availability improves, but funding costs and financial burden increase
Solution Approach 1:
The patent implements a self-service model where startups can access resources through a resource marketplace without traditional funding. The system allows entrepreneurs to bootstrap by acquiring resources on-demand through a digital platform that connects them with independent contractors and service providers, eliminating the need for expensive traditional funding channels while maintaining resource availability.
Solution Approach 2:
The patent introduces a digital marketplace platform as an intermediary between startups and resource providers. This intermediary system facilitates resource allocation and transactions without requiring traditional funding intermediaries like venture capitalists or banks, thereby reducing funding costs while ensuring resource availability through the marketplace mechanism.
2Productivity
If startups hire full-time employees for various functions, then execution capability improves, but operational costs and overhead increase
Solution Approach 1:
The patent segments the traditional full-time employee model into on-demand, project-based engagements through the resource marketplace. Startups can access specific skills and capabilities only when needed, dividing continuous operational costs into discrete, manageable transactions. This segmentation allows startups to maintain high execution capability by accessing talent as needed without bearing the continuous overhead of full-time employment.
Solution Approach 2:
The patent implements a dynamic resource allocation model where startups can scale their team size and composition flexibly based on project requirements. Instead of fixed full-time roles, the system allows dynamic engagement of independent contractors and service providers, enabling startups to optimize execution capability while minimizing operational costs by paying only for actual resource utilization.
3Quantity of substance
If startups raise significant funding, then resource access and team building improve, but equity dilution and loss of control increase
Solution Approach 1:
The patent enables startups to self-service their resource needs through the marketplace without equity dilution. Entrepreneurs can access resources, hire contractors, and build teams using the platform's resource allocation mechanisms rather than traditional equity-based funding, thereby maintaining full equity control and decision-making autonomy while still achieving comprehensive resource access.
4Ease of manufacture
If startups use conventional authentication and encryption methods, then security implementation is simple, but vulnerability to hacking and information leakage increases
Solution Approach 1:
The patent transforms authentication security from static conventional methods to dynamic biometric-based parameters. The system captures and stores biometric data (fingerprints, facial recognition, iris scans) and uses these physiological parameters for authentication, making it extremely difficult for hackers to compromise security through traditional means while maintaining ease of implementation through automated biometric capture and comparison algorithms.
Solution Approach 2:
The patent employs a composite security approach combining multiple authentication factors (biometric data, personal information, device identifiers) into a multi-layered security system. This composite authentication mechanism integrates different types of data and verification methods, creating a robust security framework that is resistant to various hacking techniques while remaining user-friendly through automated processing.
Applied Scientific Principles
This section explains which scientific principles are used to turn an abstract innovation direction into a practical engineering solution.
Function Achieved in This Case
This solution allows startups to minimize costs and accelerate their launch by accessing a community of experts, securely managing authentication and payments, and optimizing resource allocation, thereby focusing scarce resources on critical activities from idea to launch.
Implementation Method 1
using a public key in the process to encrypt said authentication information
Implementation Method 2
using a private key in the process to decrypt said authentication information
Data Source
AI summary
A method, a system, and a computer program product provide crowd bootstrapping between a first user and a second user. The method includes securing authentication information, including user authentication information and payment authentication information for the first user and the second user. The securing of the authentication information includes using a public key in the process to encrypt the authentication information and then decomposing the authentication information into subcomponents that are distributed randomly across a plurality of member computers. The method further includes recovering the authentication information by recombining the authentication information from its subcomponents then using a private key in the process to decrypt the authentication information. The method also includes receiving from the first user, a bid on a requirement and storing, in a database the secure authentication information, including the secure user authentication information and the secure payment authentication information.