Resource Allocation Holds Distributed Network

Solution Overview

Problem

Resource allocation and transfer between entities can be complex and inefficient, often requiring multiple verifications of resource availability, leading to increased processing times and computer power usage.

Innovation Solution

Implementing a system that uses allocation identifiers and holding pools to manage resource transfers, allowing for soft or hard holds on resources, which reduces the need for repeated verifications by confirming resource availability only once during the transfer process.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If multiple verifications of resource availability are performed during resource transfer, then resource allocation reliability is improved, but processing time and computer power consumption increase

Engineering Contradiction:

Improveresource allocation reliabilityVSAvoidprocessing time

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The system performs preliminary resource availability verification when the transfer request is initially received, before any resource allocation occurs. This preliminary action establishes a baseline verification that prevents the need for repeated checks throughout the transfer process, thereby maintaining reliability while reducing overall processing time

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system implements a feedback mechanism where the initial verification result is communicated back through the transfer process, allowing subsequent steps to proceed without re-verification. This feedback loop ensures that resource availability information is maintained and reused, reducing redundant processing while preserving allocation reliability

Inventive Principle:

Principle #23Feedback

2Reliability

If multiple verifications of resource availability are performed during resource transfer, then resource allocation reliability is improved, but computer power consumption increases

Engineering Contradiction:

Improveresource allocation reliabilityVSAvoidcomputer power consumption

Core Design Contradiction:

ReliabilityVSUse of energy by moving object

Solution Approach 1:

The system performs preliminary resource availability verification when the transfer request is initially received, before any resource allocation occurs. This preliminary action establishes a baseline verification that prevents the need for repeated checks throughout the transfer process, thereby maintaining reliability while reducing overall processing time

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system implements a feedback mechanism where the initial verification result is communicated back through the transfer process, allowing subsequent steps to proceed without re-verification. This feedback loop ensures that resource availability information is maintained and reused, reducing redundant processing while preserving allocation reliability

Inventive Principle:

Principle #23Feedback

3Productivity

If resource availability is verified only once during transfer, then processing time and computer power consumption are reduced, but resource allocation reliability may deteriorate

Engineering Contradiction:

Improveresource transfer efficiencyVSAvoidresource allocation reliability

Core Design Contradiction:

ProductivityVSReliability

Solution Approach 1:

The system performs preliminary resource availability verification when the transfer request is initially received, before any resource allocation occurs. This preliminary action establishes a baseline verification that prevents the need for repeated checks throughout the transfer process, thereby maintaining reliability while reducing overall processing time

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system implements a feedback mechanism where the initial verification result is communicated back through the transfer process, allowing subsequent steps to proceed without re-verification. This feedback loop ensures that resource availability information is maintained and reused, reducing redundant processing while preserving allocation reliability

Inventive Principle:

Principle #23Feedback

Data Source

PatentUS10158703B2Resource allocation and transfer utilizing holds and a distributed network

Publication Date: 2018.12.18 BANK OF AMERICA CORP

AI summary

Embodiments of the present invention provide utilizing a distributed network of systems for allocating and transferring resources between entities (e.g., users, institutions, or the like) by providing holds (e.g., soft or hard) on the resources, allocating the resources, and transferring the resources by utilizing allocation identifiers and/or holding pools, if needed. The use of allocation identifiers and/or holds on the resources improves upon the processing speeds and power of systems used for the resource transfers between entities.