Post-settlement Processes in Blockchain Smart Contracts
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Solution Overview
Problem
Centralized databases face issues such as single points of failure, dependency on network connectivity, limited access, and minimal data redundancy, which hinder efficient data management and processing, especially in high-traffic scenarios.
Innovation Solution
A decentralized database system utilizing a blockchain architecture with smart contracts that include threshold and final state logic, enabling post-settlement processes after transaction validation, thereby optimizing resource allocation and increasing transaction capacity.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If a centralized database is used to store and maintain data, then data management is easy to control and security is simplified, but the system has a single point of failure and limited access capability
Solution Approach 1:
The patent divides the centralized database into multiple distributed nodes across a peer-to-peer network. Each node maintains a copy of the ledger, eliminating the single point of failure while preserving data management through consensus mechanisms and endorsement policies that coordinate actions across segments.
Solution Approach 2:
The patent creates multiple copies of the data ledger across different nodes in the network. Instead of storing data in one central location, each participant maintains an identical copy, ensuring that data remains accessible even if some nodes fail, thus improving reliability while maintaining data integrity through cryptographic verification.
2Quantity of substance
If a centralized database is used, then data redundancy is minimized, but data loss is difficult to retrieve and access capability is limited
Solution Approach 1:
The patent segments the data storage function across multiple independent nodes rather than concentrating it in one location. This segmentation naturally creates redundancy as each node holds a copy, and the loss of data from any single node can be recovered from other nodes in the network.
Solution Approach 2:
The patent implements local copies of the complete ledger at each node rather than distributing fragmented data. Each node maintains full data redundancy locally, enabling any node to serve as a backup and ensuring data retrievability without requiring centralized coordination for recovery.
3Productivity
If a centralized database is used, then network dependency is high, but processing capacity is concentrated, if a decentralized system is used, then network dependency is reduced, but system complexity increases
Solution Approach 1:
The patent makes each node universally functional by enabling every participant to perform validation, endorsement, and data storage functions. This multi-functionality distributes processing capacity across the network without requiring specialized components, managing complexity through standardized protocols that all nodes implement uniformly.
Solution Approach 2:
The patent enables nodes to autonomously validate transactions and maintain ledger copies without centralized coordination for each operation. The consensus mechanism and endorsement policies allow the system to self-regulate complexity through automated protocols, reducing the need for complex centralized management while maintaining high processing capacity.
Data Source
AI summary
An example operation may include one or more of sending a transmission process from a client with an application, the application coupled to the client, receiving the transmission process from the client via a multistate peer network, the multistate peer network includes a ledger, an endorsement policy, and a smart contract, generating, from the transmission process, a multistate endorsement based ledger process, establishing a threshold state logic and a final state logic via the smart contract, the threshold state logic is set by the minimum number of endorsements required to commit to the ledger set by the endorsement policy, a commitment to the ledger triggers the final state logic, and executing post-settlement processes via the final state logic.