Geo-Location Consensus Authorization for Jurisdictional Blockchain Transfers
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Solution Overview
Problem
Regulatory agencies require digital property transfer events in distributed trust computing networks to occur within their jurisdiction and involve nodes that hold the relevant digital property, necessitating geo-location and property verification for consensus participation.
Innovation Solution
A system and method for validating and authorizing nodes in a distributed trust computing network based on their current geo-location and digital property holdings, using geo-coordinates from synchronized geo-receivers or local storage, applying location-based and property-based rules to determine eligible nodes for consensus participation, and storing encrypted geo-coordinates in a distributed ledger.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If nodes are allowed to participate in consensus processes from anywhere in the world, then the distributed trust computing network maintains high decentralization and accessibility, but regulatory agencies cannot ensure jurisdictional compliance and control over digital property transfer events
Solution Approach 1:
The system performs preliminary geo-location validation of nodes before allowing them to participate in consensus processes. Nodes must provide their geographic coordinates and prove they are located within permitted jurisdictions before being authorized to validate digital property transfer events, ensuring regulatory compliance is established in advance rather than retroactively
Solution Approach 2:
The patent introduces an intermediary validation mechanism that acts as a mediator between nodes and regulatory agencies. This intermediary system verifies node locations against predefined geographic boundaries and digital property holdings, translating technical node data into regulatory compliance information that agencies can use to ensure jurisdictional control
2Reliability
If the system validates node geo-coordinates and digital property holdings before consensus participation, then regulatory compliance and jurisdictional control are ensured, but the complexity of the consensus authorization process increases
Solution Approach 1:
Nodes autonomously provide their own geo-coordinate information and digital property holding proofs to the validation system. The nodes themselves perform the initial data collection and submission required for compliance verification, reducing the need for manual validation and simplifying the overall process despite the added compliance requirements
Solution Approach 2:
The validation system performs multiple functions simultaneously: it verifies node identity, checks geographic location against permitted boundaries, validates digital property holdings, and authorizes consensus participation all in one integrated process. This multi-functionality consolidates what would otherwise be separate complex validation steps into a unified authorization mechanism
Data Source
AI summary
Validation/authorization of nodes within a distributed trust computing network for participation in consensus mechanisms. The validation/authorization is based at least on current geo-location of the node being within predefined geo-location boundaries. Geo-location of a node may be proven by receiving geo-coordinates from a geo-receiver connected to the node and in synch with a geo-satellite or, when geo-signals are unavailable, through secondary geo-receivers. Additionally, validation/authorization of nodes for participation in consensus mechanisms is based further on whether the node currently holds digital property or holds a specified amount of digital property.