DLT Data Management Platform with Private Channels for Secure Sharing
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Solution Overview
Problem
Distributed ledger technology has not been effectively utilized for data management networks due to challenges in private data sharing and access management, leading to inconsistencies and privacy issues in decentralized networks.
Innovation Solution
A data management network utilizing distributed ledger technology (DLT) with smart contracts enables private data sharing and management by implementing private communication channels and encryption, allowing nodes to share data securely while maintaining data integrity and consistency across the network.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If distributed ledger technology is used to ensure data consistency across all computing systems, then data accessibility and consistency are improved, but privacy and data security deteriorate because all systems must access and process all available data
Solution Approach 1:
The patent segments the distributed ledger into multiple private channels, each containing a subset of data accessible only to authorized participants. This allows the system to maintain data consistency within each channel while preventing unauthorized access to other channels' data, thus resolving the contradiction between consistency and privacy.
Solution Approach 2:
The patent implements local quality by allowing different computing systems to have different levels of data access based on their authorization. Each system processes only the data relevant to its function and authorization level, rather than all data in the network. This enables data consistency for authorized participants while protecting privacy by limiting access to only necessary data.
2Ease of operation
If all computing systems access and process all available data to ensure consistency, then data accessibility is improved, but resource expenditure and system complexity increase
Solution Approach 1:
The patent divides the data network into multiple private channels with controlled access. Each computing system only needs to access and process data within its authorized channels, rather than all data across the entire network. This segmentation reduces system complexity and resource expenditure while maintaining ease of operation for authorized data access.
3Adaptability or versatility
If distributed ledger technology is implemented without centralized control, then decentralization and trustlessness are improved, but data management and access control mechanisms deteriorate
Solution Approach 1:
The patent implements self-service through automated smart contracts that handle access control and data management operations. The system uses cryptographic key pairs and automated agreement protocols to enable decentralized participants to manage their own data access rights without centralized intervention. This maintains decentralization while providing robust access control through automated, code-enforced mechanisms.
Data Source
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AI summary
The various embodiments described herein relate to systems, methods, and devices associated with distributed ledger systems (e.g., distributed ledger technology implemented on a decentralized network) that can be used to handle and manage the distribution and access of data in a manner that preserves the benefits of distributed ledger technology while enabling the private sharing of data. More specifically, the distributed ledger systems contemplated herein involve distributed ledger technology (DLT)-based data management platforms that can be implemented on nodes of a data management network.