Decentralized Node Network for Secure Commercial Data Sharing
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Solution Overview
Problem
Existing systems for storing and sharing commercial actor data face scalability issues and lack an effective incentive mechanism for entities to update the data, leading to reliability concerns and security risks.
Innovation Solution
A decentralized system utilizing a node and a network of nodes, supported by a distributed file system, generates storage identifiers for new consumer and business data through a mapping function, allowing secure sharing and incentivizing entities to contribute new data through token-based incentives.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a centralized system is used to store and share commercial actor data, then data access and sharing are simplified, but scalability is limited and security risks increase
Solution Approach 1:
The patent divides the centralized data storage system into multiple distributed nodes across a peer-to-peer network. Each node stores portions of the commercial actor data, eliminating the single point of failure and security vulnerability inherent in centralized systems. The data is segmented and distributed across the network, improving both security and scalability simultaneously.
2Reliability
If a decentralized system is implemented to improve scalability and security, then system reliability improves, but system complexity increases
Solution Approach 1:
The patent incorporates an incentive mechanism that provides feedback to network participants. Entities are rewarded with tokens for contributing and updating commercial actor data, creating a self-sustaining system that automatically maintains data quality and network participation without requiring complex manual management of the decentralized architecture.
3Measurement precision
If manual data updating is relied upon, then data accuracy may be maintained, but productivity and timeliness of data updates decrease
Solution Approach 1:
The patent enables entities to automatically update their own commercial actor data through the decentralized network. The system allows self-service data submission and updating without requiring manual verification or intervention from central authorities, significantly improving update speed while maintaining accuracy through cryptographic verification and network consensus mechanisms.
4Reliability
If distributed data storage is implemented, then scalability and security are improved, but resource consumption increases
Solution Approach 1:
The patent implements a system where each node in the distributed network stores and processes only the data relevant to its function and the commercial actors it serves. Rather than replicating all data across all nodes, the system optimizes resource usage by allowing nodes to maintain local copies of frequently accessed data while relying on the distributed network for comprehensive data availability, reducing overall resource consumption.
Data Source
AI summary
A node associated with an individual and/or organization receives a storage identifier for new data associated with a consumer and/or business. A node and distributed data sources are used to share the new consumer and/or business data with a network of nodes. The node updates a node with the storage identifier for the new consumer and/or business data. The node receives, from a device associated with the individual and/or organization, a request for the new data. The node obtains the storage identifier for the new data from the node. The node obtains the new data by using the storage identifier to search the distributed data sources. The node provides the new consumer and/or business data to the device. The node performs actions to obtain additional new consumer and/or business data from the distributed data sources or provide the additional new consumer and/or business data to the distributed data sources.