Distributed Ledger Document Validation via NFT Identity
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Solution Overview
Problem
Existing identity validation methods for electronic documents face fragmentation across entities and applications, leading to operational inefficiencies, security risks, and the need for repeated validation across different service providers.
Innovation Solution
A document validation service using a distributed ledger (private blockchain) to create a global identity for customers as non-fungible tokens (NFTs), enabling a shared trust validation system that is fault-tolerant and secure, with real-time updates and user-controlled data exposure.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If multiple entities and applications use distinct validation mechanisms, then each entity can validate documents according to its specific requirements, but the system becomes fragmented and requires repeated validation across different service providers
Solution Approach 1:
The patent implements a universal validation system where a single distributed ledger-based validation mechanism serves multiple entities and applications. The global identity framework enables one validation process to be recognized across different service providers, eliminating the need for separate validation mechanisms for each entity while maintaining the ability to meet specific validation requirements through configurable parameters and policies on the ledger.
2Reliability
If documents are validated multiple times across different entities, then each entity can ensure document authenticity according to its standards, but computing resources and network bandwidth are excessively consumed
Solution Approach 1:
The patent performs validation actions preliminarily by establishing a global identity and storing validation results on the distributed ledger before the document needs to be used by multiple entities. Once validated and recorded on the ledger, the validation result can be retrieved and recognized by any number of service providers without repeating the validation process, thus ensuring reliability while avoiding redundant computing resource consumption.
3Productivity
If a unified validation platform is implemented, then repeated validation checks are eliminated and computing resources are conserved, but security risks increase due to centralized data storage
Solution Approach 1:
The patent introduces a distributed ledger as an intermediary between the validation authority and the service providers. Rather than centralizing all data in a single vulnerable repository, the ledger distributes validation records across multiple nodes, maintaining a unified validation platform for efficiency while distributing security responsibilities. The ledger acts as a trusted intermediary that enables validation efficiency without creating a single point of failure for security attacks.
4Ease of manufacture
If validation is particular to a jurisdiction or region, then local requirements can be met, but the document cannot be used across different jurisdictions
Solution Approach 1:
The patent segments validation requirements by jurisdiction and region while maintaining a unified global identity framework. Different jurisdictions can have their specific validation rules and requirements encoded as separate parameters or policies on the distributed ledger, allowing each region to validate documents according to local laws while the global identity enables these segmented validations to be recognized across jurisdictions. This segmentation approach maintains validation ease for local requirements while achieving cross-jurisdictional versatility.
Data Source
AI summary
Presented herein are system and methods for validating electronic documents. A first server having one or more processors coupled with memory may identify an electronic document of a customer device. The first server may validate a record of the electronic document in accordance with a consensus algorithm by communicating associated data to a plurality of second servers. The first server may generate a token using the electronic document in response to the plurality of second servers successfully validating the record of the electronic document. The first server may append the record of the electronic document corresponding to the token to the plurality of records on a distributed ledger. The first server may generate an instruction to store the token on a wallet of the customer device to authorize the use of the electronic document across the plurality of second servers.