Digital Rights Value Mapping With Independent Decentralized Operations
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Solution Overview
Problem
Existing methods for handling digital rights and assets are inadequate for decentralized environments, as they lack mechanisms for price formation and transaction matching, and cannot efficiently handle the attributes of value, transaction, and governance simultaneously.
Innovation Solution
A method for value mapping and exercise of digital rights using a shared storage data structure that separates transaction and asset attributes, allowing for independent operations without centralized intervention, enabling automatic exercise and governance in both centralized and decentralized scenarios.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If centralized transaction matching and price formation mechanisms are used, then transaction efficiency is improved, but system complexity and centralized control requirements increase
Solution Approach 1:
The patent segments the transaction system into independent smart contracts that operate autonomously on the blockchain. Each smart contract handles specific transaction types or asset classes independently, eliminating the need for a centralized matching engine. This segmentation allows parallel processing of transactions while reducing overall system complexity and removing centralized control points.
2Adaptability or versatility
If digital rights are mapped to traditional asset market mechanisms, then existing market infrastructure can be utilized, but the unique characteristics of digital assets and decentralized governance are lost
Solution Approach 1:
The patent introduces smart contracts as intermediaries that bridge digital assets and traditional market mechanisms. These smart contracts encode the rules of traditional asset markets (pricing, matching, settlement) in decentralized, automated form on the blockchain. This intermediary layer preserves the functional characteristics of traditional infrastructure while enabling decentralized operation and automated execution specific to digital assets.
3Adaptability or versatility
If manual pricing and issuance processes are used, then flexibility in handling diverse digital assets is maintained, but transaction speed and automation are reduced
Solution Approach 1:
The patent implements dynamic parameter adjustment within smart contracts that allow pricing and issuance parameters to be modified based on market conditions, asset characteristics, and pre-defined rules. This enables automated adaptation to diverse digital assets without manual intervention, maintaining flexibility while achieving high transaction speeds through programmatic parameter changes rather than manual processes.
4Stability of the object's composition
If centralized ledgers are used for tracking digital assets, then data consistency and control are improved, but decentralization and automation of rights exercise are compromised
Solution Approach 1:
The patent utilizes the blockchain's distributed ledger technology where each node maintains an identical copy of the transaction ledger. This copying mechanism ensures data consistency across the decentralized network without requiring a central authority. Smart contracts automatically execute rights exercise based on the replicated state data, enabling both consistency and decentralized automation simultaneously.
Data Source
AI summary
A method for value mapping and exercise of digital rights, the method comprising: an operation pool, namely, a data structure T, and two operations, namely, a G operation and an E operation, performed on the operation pool. The G operation increases or decreases elements of T in the same direction and correspondingly increases or decreases credentials s. The E operation increases or decreases the elements of T in opposite directions and correspondingly locks or releases credentials corresponding to the elements. The increase or decrease in the credentials s can be mapped to the asset attribute changes of the rights; the increase or decrease in the elements of T can be mapped to the market value changes of the rights. The G operation and the E operation are independent from each other and semantically self-consistent. The operation pool T remains semantically self-consistent before and after each operation. Therefore, the method can maintain the semantic integrity during operation under a decentralization condition and improves the exercise efficiency.