Nested Random Number Security Ecosystem for Blockchain Cash Tokens
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Solution Overview
Problem
Blockchain systems for electronic cash tokens lack integration with financial institutions, fail to track individual transactions, and are vulnerable to hacking due to their public nature.
Innovation Solution
A nested random number-based security ecosystem is implemented, using transaction and ownership blocks with irreversible write-once-read-many memory, secured by public/private key crypto protocols and biometric authentication, to create a secure and traceable chain of electronic token transactions between users and financial institutions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a public blockchain system is used for electronic cash tokens, then transparency and decentralization are achieved, but security and vulnerability to hacking increase
Solution Approach 1:
The patent segments the blockchain system into multiple layers: a public transparent layer for transaction recording and a private secure layer for sensitive data storage. Transaction data is stored on the public blockchain while biometric and personal information are encrypted and stored separately, allowing transparency of transactions without exposing sensitive data that could be exploited for hacking.
Solution Approach 2:
The patent introduces financial institutions as intermediary nodes in the blockchain network. These intermediaries verify transactions and maintain connection between the digital token system and traditional banking systems, adding a layer of institutional security and oversight that reduces vulnerability to hacking while maintaining system transparency.
2Ease of operation
If a traditional blockchain system is used, then transaction recording is simplified, but ability to track individual transactions and link to financial institutions is lost
Solution Approach 1:
The patent implements a nested structure where traditional blockchain transaction blocks contain references to detailed transaction records stored in a separate tracking system. Each transaction on the public blockchain links to a unique identifier that points to comprehensive transaction details including party information, amounts, and timestamps stored in the private layer, enabling both simple public recording and detailed private tracking.
Solution Approach 2:
The patent adds a temporal and hierarchical dimension to transaction tracking by implementing multi-layer storage with different access levels. Transaction data is recorded in chronological order on the public blockchain while detailed tracking information is organized in a separate hierarchical structure that links transactions to financial institution accounts and enables retrospective analysis without complicating the public ledger.
3Reliability
If write-protection memory is implemented for irreversible recording, then security and tamper-proofing are improved, but system complexity and implementation difficulty increase
Solution Approach 1:
The patent uses cryptographic hashing to create immutable copies of transaction data. Each transaction block contains a hash of the previous block, creating a chain where any tampering would break the hash linkage. This cryptographic copying mechanism provides tamper-proofing through mathematical verification rather than physical write-protection hardware, reducing system complexity while maintaining reliability.
Solution Approach 2:
The patent replaces physical write-protection memory mechanisms with cryptographic and algorithmic solutions. Instead of relying on hardware-level write-once-read-many memory that would increase device complexity, the system uses software-based cryptographic hashing, digital signatures, and consensus algorithms to achieve irreversible and tamper-proof recording with greater flexibility and lower hardware requirements.
Data Source
AI summary
Methods, systems, and apparatuses for block chain security schemes for electronic cash tokens are described herein.