Digital Reward Ledger Architecture to Prevent Double-Spending
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Solution Overview
Problem
Centralized digital reward platforms are vulnerable to cyberattacks, have integrity issues, and face bottlenecks due to lack of computing resources, making it difficult to manage and process digital rewards efficiently.
Innovation Solution
A decentralized system utilizing blockchain technology with distributed ledgers on node computing devices, where each device maintains a copy of the ledger, ensuring transaction integrity and security through cryptographic links and consensus mechanisms, allowing for efficient generation, provisioning, and processing of virtual tokens.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If a centralized digital reward platform is used, then it is easier to manage and process digital rewards, but it becomes vulnerable to cyberattacks, has integrity issues, and faces bottlenecks due to lack of computing resources
Solution Approach 1:
The patent divides the centralized reward platform into multiple independent nodes distributed across a network. Each node maintains its own copy of the reward ledger and can independently validate transactions, eliminating the single-point-of-failure vulnerability of centralized systems while collectively providing the management functionality.
Solution Approach 2:
The patent introduces a decentralized consensus mechanism as an intermediary layer between nodes. This consensus protocol mediates transaction validation and ledger updates without requiring a central authority, enabling nodes to collectively maintain security and integrity while preserving ease of operation through automated consensus processes.
2Reliability
If a decentralized system utilizing blockchain technology is implemented, then transaction security and integrity are enhanced, but device complexity increases
Solution Approach 1:
The patent designs each node to perform multiple functions: storing ledger copies, validating transactions, propagating updates, and participating in consensus. This multi-functionality reduces the need for specialized components and simplifies the overall system architecture while maintaining high security and integrity through distributed operations.
3Productivity
If a centralized platform is used, then processing speed is faster, but bottlenecks occur due to lack of computing resources
Solution Approach 1:
The patent combines the computing resources of multiple independent nodes into a collective processing capacity. By merging these distributed resources, the system achieves both high processing speed through parallel transaction validation and improved scalability as new nodes can be added to expand total computing power without creating centralized bottlenecks.
Data Source
AI summary
Embodiments generally relate to the field of reward processing, and more particularly, systems, methods, and computer readable media for digital reward processing utilizing distributed ledger technology. Distributed ledger technology is utilized wherein distributed ledgers are stored on a plurality of node computing devices, the distributed ledgers including sequential entries that are cryptographically linked to one another.


