NFT-Based Smart Device Data Backup and Warranty Tracking
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Solution Overview
Problem
Smart devices often lose user-configured settings and recorded data due to corruption, physical destruction, hacking, or theft, and items sold with warranties face challenges in tracking ownership and warranty validity as they change hands.
Innovation Solution
Implementing a non-fungible token (NFT) system to create backups of smart device data and settings, allowing for secure restoration and tracking warranty information across ownership changes, using distributed ledgers for secure storage and transfer.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Speed
If data and settings are stored locally on smart devices, then accessibility and speed of retrieval are improved, but vulnerability to loss from corruption, physical destruction, hacking, or theft increases
Solution Approach 1:
The patent segments data storage across multiple locations - local device storage for fast access and remote cloud storage for security. The system divides data into portions stored locally and backed up remotely, allowing rapid retrieval while protecting against complete data loss from local failures, theft, or corruption.
Solution Approach 2:
The patent introduces a cloud-based intermediary storage system that mediates between the local device and the ultimate data destination. This intermediary provides secure remote storage and enables data recovery without requiring direct access to the original physical device, thus protecting against theft and physical destruction while maintaining accessibility.
2Ease of operation
If warranty information is stored with the original owner, then tracking and management are simplified, but transferability and accessibility for new owners become difficult
Solution Approach 1:
The patent creates a universal warranty tracking system accessible by any authorized owner through digital credentials. The warranty information is stored in a centralized, accessible format that can be retrieved by any legitimate owner of the item, not just the original purchaser. This allows the same system to serve multiple owners sequentially while maintaining proper tracking and validation.
Solution Approach 2:
The patent creates digital copies of warranty information that can be transferred to new owners. Instead of the warranty being physically bound to the original owner, digital representations of the warranty data can be copied and transferred through the system, enabling seamless transferability while maintaining the integrity and traceability of the warranty chain.
3Reliability
If backup data is stored remotely, then security and protection from local disasters are improved, but accessibility and restoration speed may be reduced
Solution Approach 1:
The patent performs preliminary actions by continuously or periodically backing up data to remote storage before failures occur. This ensures that current data is already available in the remote system, so when restoration is needed, the process can begin immediately without waiting for data collection or processing, thus reducing actual restoration time while maintaining security.
Data Source
AI summary
The following relates generally to creating a backup of data and/or settings of a smart device. In some embodiments, one or more processors receive the data and/or settings of the smart device. The one or more processors may then mint a non-fungible token (NFT) that references a link to a data storage area. The data storage area may store: (i) an identification of the smart device, and/or (ii) the received data and/or settings of the smart device. The following also relates generally to providing a warranty of an item. In some embodiments, one or more processors detect an indication of a sale. The one or more processors may then mint a warranty non-fungible token (NFT) that: (a) is owned by the owner of the item, (b) identifies the item, and (c) identifies warranty information of the item.