Payment Avatar Routing for Fraud-Resistant Metaverse Fund Transfer
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Solution Overview
Problem
Digital transactions in metaverse environments are vulnerable to fraud due to weaknesses that allow fraudsters to modify transactions or extract customer financial information, and there are security concerns regarding the mimicking of digital avatars for unauthorized transactions.
Innovation Solution
A secure financial transaction method and system using a payment avatar that travels through a metaverse platform, displaying encrypted transaction data on billboards and using decryption keys to retrieve and execute transactions, with features like onion-layered structure and AI/ML for route optimization and fraud detection.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If digital transactions are conducted in metaverse environments, then transaction speed and convenience are improved, but security vulnerability to fraud increases
Solution Approach 1:
The transaction packet is divided into multiple portions that are displayed on separate billboards along the transaction route. Each portion is protected by separate decryption keys, ensuring that if one segment is compromised, the rest remain secure. This segmentation approach maintains fast transaction processing while enhancing security through distributed data protection.
Solution Approach 2:
A payment avatar is introduced as an intermediary entity that carries decryption keys and travels along the transaction route to retrieve transaction packet portions from billboards. This intermediary mechanism enables secure data transmission and authentication without direct exposure of sensitive information, resolving the contradiction between transaction speed and security.
2Reliability
If transaction packet data is displayed on billboards along the route, then data transmission security is improved, but device complexity increases
Solution Approach 1:
The transaction packet data is copied and displayed on multiple billboards along the transaction route in encrypted format. This copying approach distributes the data securely across multiple locations without requiring complex encryption infrastructure at each node, simplifying the overall system while maintaining high security through redundant encrypted copies.
Solution Approach 2:
The transaction packet data is transformed into encrypted format for display on billboards, changing the parameter of data representation from plaintext to ciphertext. This parameter change enhances security without significantly increasing system complexity, as the encryption can be implemented using standard cryptographic algorithms integrated into the existing metaverse platform.
3Reliability
If multiple decryption keys are used for different billboards, then security against unauthorized access is improved, but the complexity of key management increases
Solution Approach 1:
The decryption keys are nested within the payment avatar structure, with each key corresponding to a specific billboard or transaction packet portion. This nested arrangement organizes multiple keys in a hierarchical manner, making key management more systematic and reducing complexity while maintaining strong security through multiple encrypted layers.
Solution Approach 2:
The payment avatar automatically retrieves and uses the appropriate decryption keys from its internal storage when accessing billboards along the route, eliminating the need for external key distribution mechanisms. This self-service approach simplifies key management by embedding keys within the avatar itself rather than requiring separate key management infrastructure.
4Reliability
If the payment avatar travels through the metaverse platform, then transaction authentication security is improved, but transaction time increases
Solution Approach 1:
The payment avatar is pre-configured with decryption keys and transaction intent before traveling along the route. Transaction packet portions are pre-displayed on billboards in encrypted format. This preliminary preparation eliminates the need for real-time authentication steps during the journey, maintaining fast transaction execution while ensuring security through pre-established cryptographic protections.
Solution Approach 2:
The payment avatar rapidly traverses the transaction route, skipping intermediate verification steps by carrying all necessary decryption keys and transaction data within itself. This rushing through approach minimizes transaction time while maintaining authentication security, as the avatar already possesses the cryptographic credentials needed to access and verify transaction packet portions without stopping for authentication.
Data Source
AI summary
Examples described herein include conducting secure financial transactions in the metaverse using digital avatars. This is done by creating a payment avatar in the metaverse by inculcating a transaction's intent and displaying transaction packet data on one or more virtual billboards in a transaction route. The payment avatar can travel from the sender to the receiver's location on the metaverse platform and capture the transaction packet data from the one or more billboards using the one or more decryption keys. In this manner, funds can be securely transferred in the metaverse by preventing unauthorized access to the transaction packet data.