QR Code ATM Access for Real-Time Crypto Verification
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Solution Overview
Problem
Existing financial services require repetitive processes for product inquiry and subscription, and cryptocurrency transactions face delays in processing times, especially in cryptocurrency ATMs, leading to inefficiencies and inconvenience.
Innovation Solution
An integrated system combining QR codes, blockchain, DeFi, and NFTs to streamline financial services, including real-time cryptocurrency transactions, and an ATM system for identity verification and real-time currency exchange using AI face recognition and QR code management.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If cryptocurrency transactions are processed through traditional ATM systems, then security and reliability are improved, but processing time increases and productivity decreases
Solution Approach 1:
The patent introduces a QR code as an intermediary element between the user and the cryptocurrency transaction system. The QR code contains pre-encoded transaction information and serves as a mediator that enables rapid verification and processing without requiring traditional lengthy authentication procedures, thus reducing processing time while maintaining security through the QR code's encoded verification data
Solution Approach 2:
The system performs preliminary actions by pre-generating and storing verification data, transaction templates, and authentication information in the QR code before the actual transaction occurs. This preliminary encoding of transaction parameters and security verification data allows the ATM to process transactions rapidly by simply scanning and verifying the pre-prepared QR code information, eliminating the need for time-consuming real-time verification procedures
2Reliability
If traditional financial service procedures are used for product inquiry and subscription, then comprehensive verification and security are improved, but device complexity and ease of operation worsen due to repetitive processes
Solution Approach 1:
The patent merges multiple sequential verification steps, authentication procedures, and transaction processes into a single integrated QR code scanning operation. The QR code itself consolidates multiple data elements including user identification, transaction parameters, and verification tokens, allowing the system to perform what would traditionally require multiple separate steps in a single unified action, thereby reducing process complexity while maintaining comprehensive verification
Solution Approach 2:
The QR code serves as a universal multi-functional element that simultaneously performs identification, authentication, transaction specification, and verification functions. This single element replaces multiple specialized components and procedures that would traditionally be needed for product inquiry and subscription, simplifying the overall system while maintaining reliable verification through its multi-functional design
3Reliability
If traditional financial service procedures are used for product inquiry and subscription, then comprehensive verification is improved, but loss of time and productivity worsen due to repetitive agreement marking
Solution Approach 1:
The system implements self-service by enabling users to initiate and complete transactions through autonomous QR code scanning and verification without requiring manual intervention for each verification step. The QR code contains pre-configured agreement terms and transaction parameters that are automatically verified and processed by the system, eliminating the need for users to repeatedly mark agreements or manually verify terms, thus significantly improving productivity while maintaining reliable verification through automated checks
Data Source
AI summary
Provided is a device supporting financial services, and an integrated system that incorporates technologies such as QR codes, blockchain, distributed finance (DeFi), non-fungible tokens (NFT), and metaverse into financial services. Furthermore, the present disclosure relates to a method and a device for providing blockchain-based financial services and, more particularly, to a method and a device for providing services of making a payment or exchanging money through blockchain-based cryptocurrency that is performed in real time without a delay in processing time. Further, the present invention relates to: an ATM device that determines forgery/falsification of an ID card in an account opening process and authenticates the identity of an ID card holder by comparing the face of the ID card holder with the face of a photo of the ID card; and an operating method therefor. Moreover, the present disclosure relates to an electronic access management system using QR codes.