Optimal Chain Hash Record System for Fast Transaction Verification
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Solution Overview
Problem
Blockchain technology faces issues such as slow transaction confirmation times, high energy consumption, scalability challenges, lack of regulatory framework, immutability concerns, privacy issues, and adoption barriers, making it unsuitable for daily commercial transactions and requiring a more efficient and secure electronic record system.
Innovation Solution
A computerized method using a hash function to create an immutable, auditable, and chronological electronic record system, referred to as Optimal Chain, which stores data in a read-only memory and continuously produces hash values to ensure data integrity and security, allowing for faster and more reliable transactions compared to Blockchain.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If Blockchain is used for transaction recording, then data immutability and security are improved, but transaction confirmation time increases significantly
Solution Approach 1:
The patent segments the transaction verification process into two distinct phases: immediate local verification by the user's device, and subsequent batch verification by network nodes. This segmentation allows transactions to be confirmed quickly at the user level without waiting for the slow consensus process, while still maintaining security through the later batch verification stage.
Solution Approach 2:
The patent performs preliminary local verification of transactions on the user's device before they are added to the blockchain. This preliminary action includes validating transaction signatures and checking basic transaction rules immediately, so that users can proceed with transactions without waiting for network confirmation, while security is maintained through subsequent batch verification.
2Reliability
If Blockchain uses proof-of-work consensus algorithm, then security and decentralization are improved, but energy consumption increases substantially
Solution Approach 1:
The patent implements partial verification where only essential transaction elements (signatures and basic validity) are verified locally and immediately, while more comprehensive verification is performed later in batches. This partial action approach maintains security without requiring the excessive computational effort of proof-of-work mining for every transaction.
3Reliability
If all nodes store complete Blockchain copies, then data integrity and decentralization are improved, but storage requirements increase significantly
Solution Approach 1:
The patent extracts and stores only the essential cryptographic elements (hashes, signatures, and merkle roots) needed for verification, rather than storing complete transaction data. This allows nodes to maintain data integrity through cryptographic verification while dramatically reducing storage requirements compared to storing full blockchain copies.
4Reliability
If Blockchain transactions are fully confirmed before execution, then security is improved, but transaction speed decreases for daily commercial use
Solution Approach 1:
The patent performs preliminary local verification of transaction security elements (signatures and basic validity) before execution, allowing transactions to be processed immediately with adequate security checks. Comprehensive verification is then performed later in batches, maintaining security without requiring slow confirmation times for everyday transactions.
Data Source
AI summary
A computerized method produces an immutable chronological electronic record system. The immutable chronological electronic record system uses the immutable electronic record technology to establish a multimedia art trading system, an electronic gift card issuance and management system, and other systems that need to maintain immutable chronological electronic records.