Crypto Token Asset Management for Digital Rights and Consumables
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Solution Overview
Problem
Existing methods for tracking consumable items and managing digital rights are inefficient, failing to link digital rights to actual print count, verify the use of brand-name vs. counterfeit products, accurately predict usage levels, and control digital rights, leading to risks for artists and manufacturers.
Innovation Solution
The method involves creating unique immutable crypto tokens associated with consumable items and digital artwork printing rights, linking these tokens with executable functions of a computing system, and using digital wallets and blockchain technology to manage and verify the consumption of these items, ensuring authorized use and tracking of digital rights.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If separate specialized software features are used for tracking consumable items and managing digital rights, then digital rights management functionality is provided, but system complexity increases and efficiency decreases
Solution Approach 1:
The patent combines consumable item tracking and digital rights management into a unified system using blockchain technology. Crypto tokens are created that simultaneously represent both the consumable item and the associated digital rights, eliminating the need for separate specialized software features while maintaining reliable rights management functionality.
Solution Approach 2:
The crypto token system serves multiple functions: it tracks consumable item consumption, manages digital rights, verifies authenticity, and controls access to digital content. This multi-functional approach replaces multiple separate software features with a single universal system, reducing overall system complexity.
2Measurement precision
If traditional methods are used for tracking consumable items, then basic tracking is provided, but accuracy in linking consumption to digital rights is insufficient
Solution Approach 1:
The system implements continuous feedback through blockchain verification where each consumable item consumption event is recorded and verified on the blockchain. The crypto token balance is automatically updated and verified, providing real-time feedback that ensures accurate linkage between consumption and digital rights without manual intervention.
Solution Approach 2:
The blockchain acts as an intermediary layer between consumable item tracking and digital rights management. The crypto token serves as a mediator that cryptographically links the physical consumable item to the digital rights, ensuring precise and reliable connection without direct coupling between the two systems.
3Reliability
If manual verification methods are used for authenticating consumable items, then basic authentication is provided, but verification speed and efficiency are reduced
Solution Approach 1:
The system enables self-service authentication where the blockchain network automatically verifies the authenticity of consumable items through cryptographic validation of crypto tokens. This eliminates the need for manual verification processes while maintaining high reliability, as the decentralized blockchain network performs verification autonomously and rapidly.
Solution Approach 2:
The patent replaces manual mechanical verification processes with cryptographic verification based on blockchain technology. The crypto token's digital signature and blockchain consensus mechanisms provide automated, high-speed authentication that is both more reliable and significantly faster than traditional manual verification methods.
4Measurement precision
If crypto tokens are used to link consumable items with digital rights, then consumption tracking accuracy is improved, but system implementation complexity increases
Solution Approach 1:
The blockchain serves as a trusted intermediary that simplifies the implementation of complex linkage between consumable items and digital rights. By using established blockchain infrastructure and standardized crypto token protocols, the system achieves precise consumption tracking without having to build complex custom verification systems from scratch.
Solution Approach 2:
The system changes the fundamental parameters of tracking by using cryptographic hash values and blockchain transaction identifiers instead of traditional tracking metrics. This parameter transformation enables precise linkage between consumption and rights while leveraging existing blockchain technology to reduce overall implementation complexity.
Data Source
AI summary
A novel system and method are disclosed for associating computer-implemented features, functionalities, and/or digital asset rights with the consumption of consumable items using blockchain-based crypto-tokens. A new model of access authorization and licensing is achieved by linking the expenditure of crypto token transactions to the calculated expenditure of consumable items using the special features and functions of technology-enabled computer-implemented processes and methods performing these expenditures and controlling the access authorization and licensing as a function of blockchain immutable Smart Contract transactions. In addition, linking these same expenditures with the expenditure of digital asset rights, such as artwork printing, extends the value participation model to include manufacturers of consumable items, software developers, and digital rights creators such as artists.