Hybrid Blockchain Network Digital Facilitators for Transparency
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Solution Overview
Problem
Current blockchain solutions prioritize anonymity, which hinders transparency and accountability in transactions, particularly in hybrid network ecosystems involving enterprise and reconciliation networks.
Innovation Solution
The implementation of a hybrid network ecosystem that uses digital facilitators, such as issuance and reconciliation digital facilitators, to manage and secure data on distributed ledgers, employing time-based, geographical, identity-based, or amount-based parameters, and utilizing private keys for access control, along with AI and machine learning for enhanced security and transparency.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If blockchain solutions prioritize anonymity, then user privacy is protected, but transparency and accountability in transactions are hindered
Solution Approach 1:
The system segments information into multiple layers: public transaction data visible on the blockchain for transparency, and private user information protected through encryption and off-chain storage. This allows different parts of the system to serve different purposes - public visibility for accountability and private protection for privacy.
Solution Approach 2:
The patent introduces intermediaries such as authorized nodes, regulators, and third-party verification services that can access specific transaction information without exposing all user data. These intermediaries enable transparency and accountability for authorized parties while maintaining privacy for general users.
2Reliability
If digital facilitators implement access control parameters, then security and transparency are improved, but system complexity increases
Solution Approach 1:
The digital facilitator is designed as a multi-functional component that handles multiple tasks: access control verification, transaction validation, parameter enforcement, and reconciliation. By consolidating these functions into a single universal component, the system achieves high security and transparency without proportionally increasing overall system complexity.
Solution Approach 2:
The system uses configurable parameters (time-based, geographical, identity-based, amount-based) that can be adjusted without changing the underlying system architecture. This allows the digital facilitator to adapt to different security requirements and transparency levels while maintaining a consistent core structure.
3Reliability
If hybrid network ecosystem integrates enterprise and reconciliation networks, then transaction integrity is enhanced, but network complexity increases
Solution Approach 1:
The patent merges the enterprise network and reconciliation network into a unified hybrid ecosystem where both networks operate simultaneously but are coordinated through shared digital facilitators and common protocols. This integration enhances transaction integrity by combining the strengths of both networks while managing complexity through standardized interfaces.
Solution Approach 2:
The reconciliation network provides feedback mechanisms that monitor and verify transactions from the enterprise network. This feedback loop ensures transaction integrity by continuously checking for consistency and compliance, while the structured feedback protocol prevents uncontrolled complexity growth.
Data Source
AI summary
A method for use in a hybrid network ecosystem comprising an enterprise network and a reconciliation network is presented. The method comprises generating, by at least one first computing node in the enterprise network or the reconciliation network, a first digital facilitator, wherein the first digital facilitator provides one or more parameters for accessing or distributing data on a distributed ledger in the enterprise network, and wherein a private key is used for performing a computing operation, based on the data, in the enterprise network. The method also comprises generating, by the at least one first computing node in the enterprise network or the reconciliation network or at least one second computing node in the enterprise network or the reconciliation network, a second digital facilitator, wherein the second digital facilitator provides the one or more parameters for accessing or distributing the data in the reconciliation network.