NFT-Based Intelligent Document Protocols for Secure Management

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Solution Overview

Problem

Current document management systems face challenges in securely and comprehensively managing sensitive documents across enterprises, requiring significant resources and manual oversight, and lack centralized, adaptable, and self-actuating solutions.

Innovation Solution

A private blockchain network captures documents and associated rules, mints NFTs that embed digitized documents and self-actuating metadata, using multiple layers of encryption for secure storage and transmission, enabling secure, centralized, and adaptable document management.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If multiple disparate applications and manual oversight are used for document management, then comprehensive management coverage is achieved, but resource investment and system complexity increase significantly

Engineering Contradiction:
Improvedocument management coverageVSAvoidsystem complexity
Core Design Contradiction:
ReliabilityVSDevice complexity

Solution Approach 1:

The patent merges multiple disparate document management applications into a single unified NFT-based system. The blockchain network consolidates functions for document storage, access control, redaction, and compliance tracking that were previously distributed across multiple applications, thereby reducing system complexity while maintaining comprehensive management coverage

Inventive Principle:
Principle #5Merging (Combining)

Solution Approach 2:

The system implements self-actuating document protocols embedded in NFT metadata that automatically execute document management operations. Smart contracts autonomously handle access entitlement verification, automatic redaction of sensitive information, and document deletion based on purge dates, eliminating the need for manual oversight while ensuring comprehensive compliance

Inventive Principle:
Principle #25Self-service

2Productivity

If centralized document management with self-actuating protocols is implemented, then resource requirements are reduced, but encryption and security infrastructure complexity increases

Engineering Contradiction:
Improveresource efficiencyVSAvoidencryption infrastructure
Core Design Contradiction:
ProductivityVSDevice complexity

Solution Approach 1:

The patent segments the encryption infrastructure into multiple hierarchical layers: transport layer encryption for data in transit, storage layer encryption for data at rest, and application layer encryption for sensitive document content. This segmentation allows each layer to use optimized encryption methods appropriate to its specific security requirements, reducing overall infrastructure complexity while maintaining strong security

Inventive Principle:
Principle #1Segmentation

Solution Approach 2:

The blockchain network acts as an intermediary layer that manages encryption key distribution and access control. Rather than requiring complex point-to-point encryption between all system components, the blockchain mediates security operations through smart contracts, simplifying the encryption infrastructure while enabling centralized document management

Inventive Principle:
Principle #24Intermediary (Mediator)

Data Source

PatentUS20240364544A1Non-fungible token (NFT) based intelligent document protocols
Publication Date: 2024.10.31 BANK OF AMERICA CORP
  • US20240364544A1 patent drawing
  • US20240364544A1 patent drawing
  • US20240364544A1 patent drawing

AI summary

Systems, methods, and apparatus are provided for NFT-based self-actuating document management. A private blockchain network may capture a document and a set of rules associated with the document. The network may mint an NFT that embeds the digitized document. The document rules may be encoded in self-actuating NFT metadata. The NFT may be encrypted using multiple layers of encryption prior to blockchain storage. The blockchain network may transmit a token identifier to the document owner.