Contingent Action Token Using NFT Content for Asset Re-Bundling
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Solution Overview
Problem
The increasing global velocity and volume of data communication in financial systems pose challenges in effectively communicating, manipulating, and enhancing financial documents, including refreshing asset bases, unlocking untapped asset value, and rapidly retitling new or re-spun assets.
Innovation Solution
A communication system that facilitates asset reconfiguration and reassignment by determining desired financial attributes, acquiring an augmenting asset bundle, and enhancing the financial system using the bundle to achieve desired attributes, involving deconstruction and re-bundling of assets, and utilizing blockchain-encoded rived longevity-contingent instruments.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If traditional asset management methods are used, then system stability is maintained, but productivity and ability to rapidly retitle assets deteriorates
Solution Approach 1:
The patent segments the asset bundle into multiple individual assets, each with distinct identification and characteristics. This allows the system to track, manipulate, and retitle specific assets independently within the bundle, dramatically improving asset management productivity and retitling speed while maintaining organized system structure.
Solution Approach 2:
The patent introduces a communication system as an intermediary between assets and the financial system. This intermediary handles asset identification, tracking, and retitling operations, reducing the complexity burden on the core financial system while enabling rapid asset manipulation and enhancing overall productivity.
2Measurement precision
If asset bundles are created without detailed tracking, then device complexity is reduced, but measurement precision and asset valuation accuracy deteriorates
Solution Approach 1:
The patent applies preliminary action by assigning unique identification and establishing tracking parameters for each asset within the bundle before transactions occur. This pre-configuration enables precise valuation and measurement of individual assets and their contributions to the overall bundle, improving measurement precision without requiring complex real-time tracking infrastructure.
Solution Approach 2:
The patent utilizes parameter changes by dynamically adjusting asset identification parameters, valuation parameters, and tracking parameters based on transaction requirements. This allows the system to maintain measurement precision for asset valuation while adapting the level of tracking complexity to match specific operational needs, optimizing the balance between accuracy and system complexity.
Data Source
AI summary
A method executed by a computing device includes determining whether baseline content associated with a longevity-contingent instrument is qualified for a proposed a non-fungible token (NFT) for an object distributed ledger. The baseline content includes an obligation provider identifier (ID) and an outcome recipient ID. When the baseline content is qualified, the method further includes determining an exposure level for the NFT and establishing NFT content. The method further includes causing generation of a new block affiliated with the NFT via a blockchain of the object distributed ledger, where the new block includes the NFT content.