Programmable Digital Token Routing for Legacy System Integration
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Solution Overview
Problem
The integration of legacy financial systems with various digital token trading platforms is labor-intensive and error-prone, limiting wider participation in the digital token market.
Innovation Solution
A digital token with a programmable field that specifies its type, allowing for creation, routing, and operation according to its type, utilizing a network with nodes enforcing rules associated with different token types, and a distributed ledger system for recording transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If legacy financial systems are integrated with each digital token trading platform individually, then each platform can be supported, but the integration process becomes labor-intensive and error-prone
Solution Approach 1:
The patent creates a universal digital token structure with standardized fields that can represent multiple asset types (securities, commodities, real estate, etc.). This universal structure allows a single platform to handle transactions involving digital tokens of many different types, eliminating the need for separate integrations with each trading platform while maintaining compatibility across diverse platforms.
Solution Approach 2:
The patent uses programmable fields within the digital token structure that can be configured with different parameters depending on the token type. These configurable parameters allow the same underlying platform infrastructure to adapt to different trading platforms and asset types without requiring custom integration code for each platform, thereby reducing integration complexity while maintaining versatility.
2Adaptability or versatility
If legacy financial systems are integrated with multiple digital token trading platforms, then market participation is enabled, but the integration process is labor-intensive and error-prone
Solution Approach 1:
By establishing a universal digital token structure that can represent various asset classes and trading scenarios, the system enables market participation across multiple platforms through a single integration effort. This eliminates the need to repeatedly perform labor-intensive integration processes for each platform, thereby reducing integration time while maintaining broad market access.
Solution Approach 2:
The patent pre-defines standardized token structures, fields, and data formats that can be used across different platforms. By preparing these universal templates in advance, entities can quickly deploy digital token transactions on new platforms without undergoing lengthy integration processes, thus reducing the time required to participate in new markets while maintaining adaptability.
3Reliability
If separate integrations are performed for each trading platform, then platform-specific requirements are met, but errors increase and participation is limited
Solution Approach 1:
The patent employs programmable fields within the digital token structure that can be configured with specific parameters to meet different platform requirements. This allows the system to maintain high transaction accuracy by using standardized, validated field structures while simultaneously adapting to various platform-specific needs through parameter configuration, thereby achieving both reliability and platform compatibility without requiring separate error-prone integrations.
Data Source
AI summary
A digital token has a programmable field in which token type is specified. A method of creating, routing, and performing operations on digital tokens is carried out in a network having a plurality of nodes, wherein each node of the network has code executed therein to enforce rules associated with different types of the digital tokens. The method includes the steps of: creating a digital token having a programmable field from asset data and specifying a token type of the digital token in the programmable field of the digital token; routing the digital token having the specified token type through the nodes of the network to a destination node according to the rules associated with the specified token type; and when the digital token arrives at the destination node, performing an operation on the digital token and updating a record maintained at the destination node according to the operation performed.