Dynamic Network Authentication Protocol System
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Solution Overview
Problem
Current authentication protocols for digital financial transactions are inefficient and pose security risks due to the need for multiple, often conflicting and redundant, authentication methods that require sensitive information, leading to potential data breaches and cumbersome onboarding processes.
Innovation Solution
A system for managing network-based, variable authentication protocols that utilizes a self-sovereign identity (SSI) system to allow users to control and securely share minimal personal information, generating a variable authentication protocol dataset by removing redundant protocols and validating authentication tokens using digital proofs and attestations, thereby streamlining the authentication process while enhancing security.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If multiple authentication protocols are implemented to ensure security, then security reliability is improved, but system complexity and processing time increase
Solution Approach 1:
The authentication system is segmented into distinct protocol types (first authentication protocol for device identification, second for location verification, third for transaction validation). Each protocol operates independently but can be selectively applied based on risk assessment, reducing overall system complexity while maintaining security through targeted authentication layers.
Solution Approach 2:
The system dynamically selects and applies authentication protocols based on real-time risk assessment of the transaction. Not all protocols are applied uniformly - the system adapts the authentication depth according to the specific transaction context, balancing security requirements with operational efficiency.
2Reliability
If multiple authentication protocols are implemented to ensure security, then security reliability is improved, but processing speed decreases
Solution Approach 1:
The system dynamically adjusts the number and type of authentication protocols applied based on transaction risk assessment. Low-risk transactions undergo minimal authentication (improving speed), while high-risk transactions trigger comprehensive multi-protocol verification (maintaining security).
Solution Approach 2:
The system performs preliminary risk assessment before initiating authentication protocols. By pre-evaluating transaction characteristics and identifying potential risks, the system can determine the appropriate authentication depth in advance, avoiding unnecessary verification steps for safe transactions and accelerating processing.
3Measurement precision
If sensitive information is collected for authentication, then authentication accuracy is improved, but security risks increase
Solution Approach 1:
The system extracts and verifies only the specific authentication elements necessary for each protocol type, rather than collecting all possible user data. Location information, device identifiers, and transaction details are separately obtained and validated without requiring comprehensive personal information collection, reducing exposure to data breaches while maintaining authentication accuracy.
Solution Approach 2:
Different authentication protocols require different types and levels of information based on their specific purposes. The system collects location data for geolocation verification, device identifiers for device recognition, and transaction details for amount validation - each protocol receives only the specific quality and quantity of information it needs, minimizing overall data collection while ensuring accurate authentication.
Data Source
AI summary
A system for implementing and managing network-based, variable authentication protocols receives information relating to a digital monetary transaction. Additionally, the system accesses an initial authentication protocol dataset. The system also generates a variable authentication protocol dataset. The system then communicates the variable authentication protocol dataset to the point-of-sale computer system. The system also receives, from the point-of-sale computer system, authentication tokens. Further, the system validates the authentication tokens in view of the variable authentication protocol dataset. Further still, in response to the validation of the authentication tokens, the system processes the digital monetary transaction.