Metaverse Financial Transaction System with Pre-Stored Identity Authentication

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Solution Overview

Problem

There is a growing need for financial transaction services within metaverse environments that can seamlessly integrate both cryptocurrency and fiat currency transactions, while ensuring secure and convenient identity authentication processes.

Innovation Solution

A system comprising an ATM device, a metaverse service provision server, and a financial transaction service provision server, which enables financial transaction services by creating electronic wallets, performing identity authentication, and facilitating remittance and withdrawal functions both in the real world and within the metaverse environment.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If identity authentication is performed using face image and identification card image in the metaverse environment, then security of financial transactions is improved, but operation complexity and time consumption increase

Engineering Contradiction:

Improvesecurity of financial transactionsVSAvoidtime consumption for authentication

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The system performs identity authentication in advance by storing face images and identification card images during user registration. When financial transactions occur, the pre-stored authentication data is quickly verified without requiring real-time manual authentication, thus improving security while reducing authentication time.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system creates and stores digital copies of face images and identification card images during registration. These copied images are then used for rapid verification during transactions, eliminating the need for repeated physical document verification and reducing authentication time while maintaining security.

Inventive Principle:

Principle #26Copying

2Adaptability or versatility

If the system integrates both real-world ATM and virtual ATM services, then service coverage and user convenience are improved, but system complexity increases

Engineering Contradiction:

Improveservice coverageVSAvoidsystem complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The financial transaction service provision server is designed with multi-functionality to handle both real-world ATM transactions and virtual ATM transactions within the metaverse. A single server implements diverse functions including cryptocurrency transactions, fiat currency transactions, identity authentication, and electronic wallet management, thereby expanding service coverage without proportionally increasing system complexity.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The financial transaction service provision server acts as an intermediary between the real-world ATM, virtual ATM, and blockchain network. It mediates all transactions by receiving requests from either ATM type, performing necessary authentication and processing, and executing transactions through appropriate channels, thus managing complexity centrally while enabling versatile service coverage.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Productivity

If cryptocurrency transactions are enabled without cash, then transaction efficiency and digitalization are improved, but risk of unauthorized transactions and security vulnerabilities increase

Engineering Contradiction:

Improvetransaction efficiencyVSAvoidrisk of unauthorized transactions

Core Design Contradiction:

ProductivityVSObject-affected harmful factors

Solution Approach 1:

The system implements feedback mechanisms through multi-layer authentication (face recognition, identification card verification, blockchain confirmation) before executing cryptocurrency transactions. Each transaction triggers authentication feedback that verifies user identity and authorization, preventing unauthorized transactions while maintaining efficient digital processing.

Inventive Principle:

Principle #23Feedback

Solution Approach 2:

The system performs preliminary identity authentication and authorization verification before allowing cryptocurrency transactions to proceed. By pre-verifying user identities through biometric and document verification during registration and before transactions, the system ensures transaction efficiency while preventing unauthorized access and fraudulent activities.

Inventive Principle:

Principle #10Preliminary action

Data Source

PatentUS20250053942A1System for providing financial transaction services in conjunction with metaverse environment and method of operating the same

Publication Date: 2025.02.13 LEE JONG MYUNG

AI summary

Various embodiments of the present invention relate to a system for providing financial transaction services in conjunction with a metaverse environment and a method of operating the same. According to various embodiments of the present invention, the present invention may provide financial transaction services that may improve user convenience by providing financial transaction services using an ATM device in the real world and providing financial transaction services using a virtual ATM device within the metaverse environment.