Event-Based Token Matching for Blockchain Wallet Allocation
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Solution Overview
Problem
Existing technologies lack a method to match blockchain-based tokens to different electronic wallets based on events in a decentralized autonomous organization (DAO) setting.
Innovation Solution
An electronic device identifies users related to an event, receives information about the event's performance, obtains a token linked to a blockchain, and matches electronic wallets with users to the token information, indicating virtual currency allocation based on the transaction.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If blockchain technology is used for token management in DAO events, then security and transparency of virtual currency allocation is improved, but system complexity and difficulty of implementing wallet-token matching increases
Solution Approach 1:
The patent introduces an event-based intermediary mechanism that mediates between blockchain tokens and electronic wallets. The system uses events as triggers to automatically initiate wallet-token matching processes, acting as a mediator that simplifies the complex direct matching operation while maintaining blockchain security and transparency.
Solution Approach 2:
The system performs preliminary actions by pre-configuring event handlers and wallet information before tokens are transacted. When a token transaction occurs on the blockchain, the pre-set event mechanism automatically triggers the wallet matching process, eliminating the need for complex real-time decision-making and reducing system complexity.
2Productivity
If automatic wallet matching is implemented based on blockchain events, then allocation efficiency of virtual currency is improved, but information processing requirements and system resource consumption increase
Solution Approach 1:
The system uses periodic event-driven action rather than continuous processing. Wallet matching is triggered periodically only when blockchain events occur (such as token transactions), rather than continuously monitoring and processing all possible wallet-token combinations. This periodic activation based on actual events improves allocation efficiency while reducing overall system resource consumption compared to continuous processing approaches.
3Measurement precision
If detailed tracking of user information is performed for event-based token allocation, then accuracy of virtual currency distribution is improved, but user privacy and data security risks increase
Solution Approach 1:
The patent extracts only the essential information needed for accurate token allocation from user data, rather than tracking all user information. The system extracts specific event-related parameters (such as event participation, token transaction details) that are sufficient for accurate distribution while leaving out unnecessary personal data, thereby reducing privacy and security risks while maintaining allocation accuracy.
Data Source
AI summary
A method of an electronic device, includes, identifying, using communication circuitry of the electronic device, a plurality of users related to an event; receiving, from at least one of the plurality of users, first information related to performance of the event; obtaining a token that corresponds to the received first information, and that is linked to a blockchain distributed to a plurality of external electronic devices; and based on identifying that the token is transacted based on the blockchain, and based on the first information corresponding to the token, matching electronic wallets corresponding to each of the plurality of users, to second information indicating that a virtual currency is allocated based on a transaction of the token.