NFT-Based Blockchain Authentication with Clawback Mechanism

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Solution Overview

Problem

Current information technology lacks secure and efficient methods for authenticating users and managing document access, particularly in decentralized systems, where traditional identity verification methods are vulnerable to tampering and do not provide adequate security or transparency.

Innovation Solution

The Transfer Transaction Blockchain with Clawback Apparatuses, Processes, and Systems (NBSA) utilizes Non-Fungible Tokens (NFTs) to create secure authentication and notification systems by generating authenticating NFTs from source asset data hashes, allowing for secure user authentication and document access management through blockchain technology, reducing gas fees, and enabling efficient data extraction and storage.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If traditional identity verification methods are used, then the system is easier to operate, but security and transparency are insufficient

Engineering Contradiction:
ImprovesecurityVSAvoidease of operation
Core Design Contradiction:
ReliabilityVSEase of operation

Solution Approach 1:

The patent introduces NFTs as intermediary tokens that mediate between users and the authentication system. These NFTs contain encrypted identity information and serve as secure credentials that users present for verification, eliminating the need for users to directly manage complex cryptographic keys while maintaining high security standards

Inventive Principle:
Principle #24Intermediary (Mediator)

Solution Approach 2:

The patent replaces traditional mechanical identity verification systems (physical IDs, manual verification processes) with blockchain-based cryptographic verification. Identity information is transformed into digital NFT tokens that can be automatically verified through cryptographic proofs, substituting physical and manual processes with digital automated ones

Inventive Principle:
Principle #28Mechanics substitution (Replace mechanical system)

2Reliability

If blockchain technology is implemented for secure authentication, then security and transparency are improved, but device complexity increases

Engineering Contradiction:
ImprovesecurityVSAvoiddevice complexity
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The patent extracts the complex cryptographic verification logic from the user interface and places it on the blockchain network. Users only need to interact with simple NFT token presentations, while the complex verification algorithms, hash functions, and cryptographic protocols are executed by smart contracts and blockchain validators in the background

Inventive Principle:
Principle #2Taking out (Extraction)

Solution Approach 2:

The patent creates simplified copies of identity information in the form of NFT tokens that contain essential verification data without exposing the full complexity of the underlying cryptographic systems. These token copies enable straightforward presentation and verification while the original complex security mechanisms remain hidden in the blockchain infrastructure

Inventive Principle:
Principle #26Copying

3Reliability

If NFT-based authentication is used, then tamper-proof security is achieved, but manufacturing and deployment complexity increases

Engineering Contradiction:
Improvetamper-proof securityVSAvoiddeployment complexity
Core Design Contradiction:
ReliabilityVSEase of manufacture

Solution Approach 1:

The patent performs preliminary actions by pre-minting NFT authentication tokens during system setup and user registration phases. These tokens are prepared with embedded cryptographic credentials and identity information in advance, so that during actual authentication operations, the system only needs to present and verify existing tokens rather than generating complex cryptographic proofs in real-time

Inventive Principle:
Principle #10Preliminary action

Data Source

PatentUS20240338685A1Transfer Transaction Blockchain with Clawback Apparatuses, Processes and Systems
Publication Date: 2024.10.10 FMR CORP
  • US20240338685A1 patent drawing
  • US20240338685A1 patent drawing
  • US20240338685A1 patent drawing

AI summary

The Transfer Transaction Blockchain with Clawback Apparatuses, Processes and Systems (“NBSA”) transforms authenticating NFT generation input, NFT authentication input, document publishing input, NFT document access input, transfer transaction input, clawback transaction input datastructure/inputs via NBSA components into authenticating NFT generation output, NFT authentication output, document publishing output, NFT document access output, transfer transaction output, clawback transaction output outputs. A transfer transaction processing request datastructure structured as specifying a transaction requestor blockchain address, a transfer transaction identifier, and authorization data is obtained. The authorization data is evaluated to verify control over the transaction requestor blockchain address. A clawback post transaction is submitted to a blockchain. A clawback post transaction notification is sent to a transfer transaction handling smart contract that validates the clawback post transaction by checking compliance with a set of predefined clawback rules, and transfers cryptographic assets to sender of a transfer transaction associated with the transfer transaction identifier.