Electronic Account Generation System for Web3 Wallet Creation

Solution Overview

Problem

Current systems require recipients to have an existing electronic account associated with the sending application to receive electronic information, such as tokens, which can be a blockchain or Web3-based account, and necessitate direct involvement or prior notification, limiting seamless transfers.

Innovation Solution

The system allows for the generation of a blockchain or Web3-based electronic account for a recipient without their direct involvement, using their existing account credentials or identifiers like usernames, enabling token transfers without pre-existing wallets or notifications, facilitating instantaneous and user-friendly transactions across Web3 and non-blockchain environments.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If the recipient must have an existing electronic account to receive electronic information, then the system maintains account security and control, but the ease of operation and user accessibility deteriorate

Engineering Contradiction:

Improveease of receiving electronic informationVSAvoidaccount setup requirement

Core Design Contradiction:

Ease of operationVSDevice complexity

Solution Approach 1:

The system performs preliminary account generation for the recipient before the actual token transfer occurs. When a user initiates a transfer to someone without an account, the system automatically creates the necessary electronic account in advance, so the recipient can receive tokens without having to pre-register or set up their own account.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system enables self-service account creation where the recipient's account is automatically generated by the system based on their identifier (username, email, etc.) without requiring their direct involvement, notification, or electronic inputs. The account is created autonomously using the sender's initiation and the recipient's identifying information.

Inventive Principle:

Principle #25Self-service

2Productivity

If the system requires direct involvement or notification of the recipient for account creation, then account security and user consent are maintained, but the productivity and speed of transfer deteriorate

Engineering Contradiction:

Improvetransfer speedVSAvoidautomatic account generation

Core Design Contradiction:

ProductivityVSExtent of automation

Solution Approach 1:

The system performs preliminary account generation for the recipient before the actual token transfer occurs. When a user initiates a transfer to someone without an account, the system automatically creates the necessary electronic account in advance, so the recipient can receive tokens without having to pre-register or set up their own account.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system acts as an intermediary that bridges the sender and recipient by automatically creating the recipient's account using their identifier information. This intermediary function allows the transfer to proceed without direct involvement from the recipient while still ensuring the account is properly created and secured.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Adaptability or versatility

If recipients must have pre-existing wallets, then the system maintains control over account creation, but the adaptability and user experience deteriorate

Engineering Contradiction:

Improveability to send to any userVSAvoidwallet creation requirement

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The system provides universal functionality by enabling token transfers to any user identifier (username, email address, etc.) regardless of whether the recipient has an existing account. The system adapts to different identifier types and automatically creates accounts as needed, making the transfer function universally applicable across different user states.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The system performs preliminary account generation for the recipient before the actual token transfer occurs. When a user initiates a transfer to someone without an account, the system automatically creates the necessary electronic account in advance, so the recipient can receive tokens without having to pre-register or set up their own account.

Inventive Principle:

Principle #10Preliminary action

Data Source

PatentUS20250005558A1Electronic account generation system

Publication Date: 2025.01.02 NIFTY CHESS INC

AI summary

An electronic method includes receiving, by a computing device, electronic information associated with an electronic account that is not associated with any blockchain or Web-3. The electronic method further includes generating, by the computing device, an electronic wallet based on the electronic information, wherein the electronic wallet is associated with a particular blockchain and wherein the electronic wallet is associated with another electronic account.