NFT-Linked BLE Tag for Anonymous Transaction Initiation
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Solution Overview
Problem
Traditional methods for initiating communication between parties in sales transactions, such as online marketplaces, often require exchanging personal information and lack efficient ways to convey spatial proximity, making them inconvenient and risky.
Innovation Solution
A system utilizing a logo or tag with a transceiver that indicates availability, allowing communication initiation without personal info exchange, using a unique digital token in a virtual world and push notifications based on spatial proximity via Bluetooth Low Energy or GPS.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional online marketplace methods are used to initiate communication, then personal information can be exchanged between parties, but security and privacy risks increase
Solution Approach 1:
The patent introduces a blockchain-based intermediary system that mediates all communications and transactions between parties. Instead of parties directly exchanging personal information, they interact through smart contracts and encrypted messages on the blockchain, which acts as a trusted mediator that preserves anonymity while enabling secure transaction initiation and execution
2Productivity
If traditional advertising methods are used to list products, then sellers can reach buyers, but significant time and effort are required for searching and matching
Solution Approach 1:
The patent implements preliminary action by having sellers pre-list their products on the blockchain with detailed specifications, conditions, and smart contracts before any buyer interaction occurs. This allows buyers to immediately query the blockchain for matching products without traditional searching, and the system automatically identifies compatible transactions based on pre-established criteria
Solution Approach 2:
The system implements automated feedback loops where the blockchain continuously monitors market conditions, product availability, and buyer-seller compatibility. When a match is found, the system automatically notifies relevant parties and can even initiate transaction sequences, eliminating manual searching and matching efforts
3Loss of information
If active listing and offering for sale is required, then products can be marketed, but products not listed remain invisible to potential customers
Solution Approach 1:
The blockchain serves multiple functions simultaneously: it acts as a universal registry for all products regardless of listing status, an automated matching engine, a secure communication platform, and a transaction executor. This multi-functionality ensures that whether a product is actively listed or not, it remains discoverable and can be transited upon through automated queries and matches
Applied Scientific Principles
This section explains which scientific principles are used to turn an abstract innovation direction into a practical engineering solution.
Function Achieved in This Case
Facilitates safe and convenient communication between interested parties by enabling anonymous interest indication and secure transaction initiation, reducing the effort and risk associated with traditional methods.
Implementation Method 1
Each tag may include a transceiver capable of transmitting a radio wave with a unique identifier
Implementation Method 2
A power source may be included to provide electrical energy to the transceiver
Data Source
AI summary
Methods and apparatus for safely and securely initiating communications about an item in a physical environment that is linked to a virtual item associated with e non-fungible token (NFT) in a virtual world. A unique identifier is linked to the NFT in the virtual world and a Bluetooth Low Energy (BLE) beacon in a tag in the physical world. More particularly, the present disclosure relates to utilizing a BLE-enabled tag as an indication of availability and, based on a user's proximity to the BLE tag, as a means for a second party to show interest in acquiring the NFT and the physical item without requiring an exchange of personal information.