Customizable Data Transaction Matching Through Valuation Functions
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing computer-based systems struggle to implement exchange systems like barter, as they face an exponentially increased number of transaction combinations due to the lack of a common medium of exchange, measure of value, or store of value, making it difficult to identify matches between diverse resources.
Innovation Solution
A computer system that allows participants to define valuation templates and submit agents with customizable valuation functions, evaluating these functions pair-wise to identify matches based on shared properties and agreed-upon units of exchange.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a computer system implements barter-based exchange without a common medium of exchange, then participants can trade diverse resources directly, but the number of transaction combinations increases exponentially making matching difficult
Solution Approach 1:
The patent introduces an automated valuation system that acts as an intermediary to assign standardized values to diverse resources. This valuation system serves as a common medium of exchange, enabling direct matching of buy and sell orders without requiring exponential comparison of all possible transaction combinations. The valuation system translates diverse resources into comparable value units, resolving the complexity issue while maintaining versatility.
Solution Approach 2:
The system changes the parameter of resource representation from diverse, heterogeneous attributes to a standardized value parameter. By transforming various resources (goods, services, digital assets) into a common valuation metric, the system enables efficient matching algorithms to operate on a single dimension (value) rather than comparing multiple heterogeneous attributes across all possible transaction pairs.
2Device complexity
If the system uses a common medium of exchange like money, then matching is simplified to one-to-many ratios, but participants are limited to trading resources that can be valued in that medium
Solution Approach 1:
The valuation system is designed to be universal, capable of valuing multiple types of resources (physical goods, services, digital assets) through a single system. This multi-functional valuation approach maintains the simplicity of money-based matching while expanding the range of tradable resources, as the same valuation mechanism handles diverse asset classes without requiring separate matching systems for each resource type.
3Measurement precision
If the system allows customizable valuation functions with multiple properties, then participants can define precise value criteria, but the evaluation and matching process becomes more complex
Solution Approach 1:
The patent segments the valuation process into distinct components: participants define their own valuation functions with specific properties and criteria, the system collects these functions, and then executes them against matching criteria. This segmentation allows precise customization of valuation parameters while managing complexity through modular processing, where each valuation function is evaluated independently against defined properties rather than requiring complex simultaneous evaluation of all parameters.
Data Source
AI summary
A computer system is provided that allows participants to submit agent data structures for processing. Each agent data structure includes a valuation function for a first resource and a property of a second resource. The computer system performs a dual sided evaluation process to determine when contra-sided agents match with one another. A match is determined by comparing results of valuation functions of the agent data structures.