Digital Asset Management via Event Stream Monitoring
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Solution Overview
Problem
Conventional systems for managing digital asset repositories associated with distributed ledger systems face challenges in efficiently tracking and incentivizing actions within complex application frameworks, leading to issues with data immutability, security, and resource management.
Innovation Solution
A digital asset management apparatus integrated with a distributed ledger system and application framework, which detects candidate transactions from event streams, generates candidate transaction data structures, and executes smart contracts to add them to the ledger, increasing micro-digital assets and converting them into redeemable assets when predefined thresholds are met.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If conventional systems manage digital asset repositories without event stream monitoring and smart contract automation, then system complexity is reduced, but productivity and automation extent are worsened due to manual tracking and incentive management
Solution Approach 1:
The system implements self-service through event stream monitoring that automatically detects candidate transactions and smart contracts that automatically execute incentive distributions. The digital asset management apparatus autonomously monitors events, generates transactions, and manages micro-digital assets without manual intervention, resolving the contradiction by automating previously manual processes while maintaining manageable complexity through standardized protocols.
Solution Approach 2:
The patent introduces an intermediary digital asset management apparatus that sits between the distributed ledger system and application frameworks. This intermediary component handles the complex tasks of event monitoring, transaction generation, and incentive management, thereby improving productivity while containing system complexity within a dedicated modular component rather than spreading it across the entire system.
2Ease of operation
If digital asset thresholds are set low for frequent conversions, then user incentive responsiveness is improved, but loss of substance increases due to more frequent conversions and potential volatility
Solution Approach 1:
The system dynamically adjusts the digital asset threshold parameter based on market conditions, user profiles, and incentive objectives. By making the threshold a可变 parameter rather than a fixed value, the system can optimize between incentive responsiveness and asset stability, setting lower thresholds during periods of low volatility to enhance responsiveness and higher thresholds during volatile periods to reduce substance loss.
Data Source
AI summary
Methods, apparatuses, or computer program products provide for managing a digital asset repository associated with a distributed ledger system based on an event stream related to an application framework. A candidate transaction associated with one or more application components of an application framework is detected based at least on monitoring an event stream. A candidate transaction data structure for the candidate transaction is also generated in accordance with one or more candidate transaction attributes of the candidate transaction. Based on a comparison between the one or more candidate transaction attributes and smart contract rules for the smart contract, execution of a smart contract of a distributed ledger is caused to add the candidate transaction data structure to the distributed ledger in accordance with a distributed ledger consensus protocol. Adding the candidate transaction data structure to the distributed ledger results in an increase of a total micro-digital asset count.