Digital Asset Distribution via Transaction Device
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Solution Overview
Problem
It is challenging to conduct secure distribution processes, such as wage or data distribution, between users who do not have a registered account with an overseeing entity, as they lack authentication and trust verification.
Innovation Solution
A method involving a service provider computer that generates and activates digital assets on transaction devices, associating them with unalterable electronic ledgers, allowing secure transactions even without pre-existing relationships, using cryptographic techniques to manage and record transactions on blockchains.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If users without registered accounts are allowed to participate in distribution processes, then accessibility and ease of operation are improved, but security and reliability deteriorate due to lack of authentication
Solution Approach 1:
The patent introduces a service provider computer as an intermediary that issues digital assets and maintains ledgers. This intermediary enables users without registered accounts to securely participate in distribution processes by acting as a trusted third party that verifies and records transactions, thus resolving the contradiction between accessibility and security
Solution Approach 2:
The patent replaces traditional account-based authentication mechanisms with cryptographic digital asset verification. Instead of requiring users to have registered accounts with authentication credentials, the system uses digitally signed assets and blockchain ledger verification to establish trust, substituting mechanical authentication systems with cryptographic verification
2Reliability
If traditional account-based authentication is required for secure distribution, then security and reliability are improved, but device complexity and ease of operation worsen due to registration requirements
Solution Approach 1:
The patent extracts the authentication function from the account registration process. Instead of requiring users to complete complex registration procedures, the system extracts verification to the digital asset itself, which contains cryptographic proof of authorization embedded within the asset structure, eliminating the need for separate authentication processes
3Productivity
If digital assets are distributed to users without accounts, then productivity and ease of operation are improved, but loss of information increases due to lack of centralized record-keeping
Solution Approach 1:
The patent creates a universal ledger system that serves multiple functions simultaneously: it records transactions, verifies digital asset authenticity, maintains distribution records, and enables audit trails. This multi-functional ledger prevents information loss while maintaining fast distribution speeds by consolidating all record-keeping functions into a single decentralized system
Solution Approach 2:
The patent implements continuous recording of transactions in the blockchain ledger, ensuring that every digital asset distribution and transaction is permanently captured. This continuous action of recording prevents information loss by maintaining an unbroken chain of verification records that can be audited at any time
Data Source
AI summary
A user can associate a digital asset corresponding to a value with a transaction device to be used by another user. For example, a first user can load a digital asset corresponding to a cryptocurrency amount onto a transaction device, where the first user then provides the transaction device to a second user. The second user can utilize the cryptocurrency amount on the transaction device to conduct a transaction. The generation and use of digital assets can be managed using ledgers that store data in the form of block chains.