Cryptographic Data Platform for User Monetization
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Solution Overview
Problem
Current technologies lack a secure and verifiable method to bridge private user data with public systems while maintaining system security, efficiency, and user control, leading to unclear and untestable data negotiation methods with third-party companies.
Innovation Solution
The use of distributed ledger technologies like Ethereum and distributed storage technologies such as IPFS allows users to publish and control their data, enabling secure and verifiable data exchange through Ethereum networks, where users can generate and monetize their data while maintaining control over its use and access.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If distributed ledger technologies like Ethereum and distributed storage technologies like IPFS are used to allow users to publish and control their data, then user control and security are improved, but system complexity increases
Solution Approach 1:
The patent introduces a data broker as an intermediary component that mediates between users and third-party companies. The data broker receives data from users, stores it in encrypted form in IPFS, manages access requests, and handles payments through smart contracts on Ethereum. This intermediary absorbs the system complexity while enabling users to maintain control over their data without directly managing the complex cryptographic and distributed storage infrastructure.
2Productivity
If users can publish their data and receive clear benefits each time it is accessed, then user monetization capability is improved, but data security and verification difficulty increase
Solution Approach 1:
The patent implements a feedback mechanism where the data broker monitors and tracks every access to user data. When a third-party company accesses purchased data, the system automatically detects this access, verifies the purchase authorization through smart contracts, and triggers immediate payment to the user via cryptocurrency tokens. This automated feedback loop ensures users receive clear, verifiable benefits for each data access while maintaining security through cryptographic verification of access rights.
Solution Approach 2:
The patent replaces traditional mechanical verification systems with cryptographic methods. Instead of relying on centralized authorities to verify data access and payment, the system uses blockchain-based smart contracts and cryptographic proofs to automatically verify access rights and enforce payment. This substitution makes the verification process more secure and transparent while enabling automated monetization without manual intervention.
3Reliability
If private database methods are used to store user interaction data, then system security is improved, but the ability to bridge private data to public systems deteriorates
Solution Approach 1:
The patent segments data into different layers: raw data is stored privately and encrypted in IPFS, while only hashed identifiers and access metadata are stored on the public Ethereum blockchain. This segmentation allows the system to maintain private data security while enabling public verification through cryptographic hashes. Third-party companies can interact with the public blockchain to verify data availability and payment terms without accessing the actual private data, thus bridging private and public systems effectively.
Data Source
AI summary
In general terms this invention provides embodiment of systems that permit better usage of consumer generated data that permit the consumer methods to monetize the information and maintain control over the data at the time of its creation and at later times. Certain embodiments comprise a user whose interaction can cause a provider to create data regarding the interaction. The user can authenticate the data using encryption aspects and permit the user to self-publish data. The self-publishing can occur in a manner that only requires direct trust of the technology provider regarding the data validity. The invention may incorporate an Ethereum network. Embodiments of the system may verify, exchange, encrypt and decrypt data allowing purchasers to purchase the data or certain portions of it.