Genome-Based Encryption for Smart Contract Fraud Prevention

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Solution Overview

Problem

Smart contracts are vulnerable to fraud and misrepresentation due to the potential for deceitful transactions without physical verification, which existing technologies have not adequately addressed.

Innovation Solution

A system and method for generating and transmitting encrypted messages using genome-based electronic public and private keys, combined with a McEliece cryptosystem, to ensure secure and trustworthy transactions by verifying the identity and properties of senders and receivers through a cyber-physical signaling game framework.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If smart contracts are executed without physical verification, then transaction efficiency and automation are improved, but the risk of fraud and misrepresentation increases

Engineering Contradiction:

Improvetransaction efficiencyVSAvoidtrustworthiness of transaction

Core Design Contradiction:

ProductivityVSReliability

Solution Approach 1:

The patent introduces genome-based cryptographic keys as an intermediary mechanism that bridges the gap between automated execution and trust verification. The genome-derived keys serve as a mediator that enables automatic transaction processing while simultaneously providing a verifiable basis for identity authentication, thus maintaining both efficiency and reliability without requiring physical presence

Inventive Principle:

Principle #24Intermediary (Mediator)

Solution Approach 2:

The patent replaces the mechanical/physical verification system with a cryptographic system based on genome-derived keys. Instead of requiring physical meetings or manual verification, the system uses biologically-based cryptographic authentication that can be executed automatically, thereby maintaining trustworthiness while enabling remote and efficient transactions

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

2Device complexity

If traditional encryption methods are used, then implementation simplicity is maintained, but security against identity theft and fraud is insufficient

Engineering Contradiction:

Improveencryption system complexityVSAvoidvulnerability to fraud and misrepresentation

Core Design Contradiction:

Device complexityVSObject-affected harmful factors

Solution Approach 1:

The patent fundamentally changes the parameter basis of cryptographic key generation from conventional methods (mathematical algorithms, random seeds) to biological parameters (genome sequences). This parameter change creates a new dimension of security that is inherently resistant to traditional hacking methods while providing unique, non-replicable identity authentication, thereby addressing fraud vulnerability without excessive complexity

Inventive Principle:

Principle #35Parameter changes

Data Source

PatentUS11652803B2System, method and computer-accessible medium for supporting at least one cyber-physical signaling game

Publication Date: 2023.05.16 NEW YORK UNIV

AI summary

Exemplary system, method, and computer-accessible medium for transmitting or generating an encrypted message(s) to or for a receiver(s) from a sender(s), can be provided, which can include, for example, generating an electronic public key(s) and an electronic private key(s) for the sender(s), generating first information based on (i) data of the sender(s), (ii) a state(s) of the sender(s), and/or (iii) a type of the sender(s), electronically selecting an electronic message signal(s) and a time stamp(s) based on the first information, generating a message(s) based on the electronic message signal(s) and the time stamp(s), generating the encrypted message(s) by encrypting the message(s) using the electronic private key(s), and transmitting the encrypted message(s) to the receiver(s).