Intermediary Digital Resource Acquirer for Trusted Conditional Transfers
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Solution Overview
Problem
Existing digital resource transactions lack assurance for the resource provider that the recipient will fulfill their obligations, and there is uncertainty regarding the volatility, availability, and maturity of digital resources.
Innovation Solution
An intermediary digital resource acquirer applies acceptance rules to digital resources, obligating the recipient to perform obligations, initiating resource transfers, and verifying authenticity through a distributed trust computing network to add a data block to a ledger, ensuring both parties' trust and certainty.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If direct transference of digital resource is used, then transaction simplicity is improved, but provider recourse is lost
Solution Approach 1:
The patent introduces an intermediary digital resource acquirer that stands between the resource provider and recipient. This intermediary applies acceptance rules to digital resources, obligates the recipient to perform obligations, and facilitates conditional transfers. The intermediary holds the digital resource in trust and only releases it when the recipient fulfills their obligations, thereby providing provider recourse while maintaining transaction simplicity.
2Adaptability or versatility
If digital resource is used for conducting resource event, then modernization is improved, but volatility and availability uncertainty increases
Solution Approach 1:
The intermediary digital resource acquirer applies digital resource acceptance rules that assess volatility, availability, and maturity of digital resources before accepting them. This intermediary layer filters out unreliable digital resources and ensures only acceptable ones are used in transactions, thereby maintaining modernization benefits while reducing uncertainty.
Solution Approach 2:
The intermediary performs preliminary assessment of digital resource acceptance criteria before the actual transaction occurs. By evaluating volatility, availability, and maturity in advance, the system prevents transactions with unreliable digital resources, ensuring stability while maintaining modernization.
3Reliability
If digital resource acceptance rules are applied, then reliability is improved, but transaction complexity increases
Solution Approach 1:
The intermediary digital resource acquirer consolidates the complexity of applying multiple acceptance rules (volatility, availability, maturity) into a single intermediary layer. Instead of requiring both parties to independently verify multiple criteria, the intermediary handles all assessments and only releases the digital resource when criteria are met, simplifying the overall transaction process while maintaining high reliability.
Data Source
AI summary
An intermediary digital resource acquirer is provided for resource events that use a digital resource as the means for conducting the resource event. The intermediary digital resource acquirer serves to facilitate the resource event between a resource provider entity, which has presented a digital resource for conducting the resource event, and a resource recipient, which has acquiesced in accepting the digital resource for conducting the resource event. The intermediary digital resource acquirer provides a level of certainty/trust to both the resource-providing entity and the resource-receiving entity. In this regard, the digital resource acquirer provides the resource-providing entity assurance that the resource-receiving entity will perform any obligations required of the resource event and the resource-receiving entity is assured that they will receive resources.