Resource Exchange Event Tokenization for Secure Third-Party Data Sharing
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Solution Overview
Problem
Existing systems for sharing resource exchange event information with third-party data recipients are vulnerable to data breaches, leading to compromised user information and challenges in recovering from wrongful resource exchange events.
Innovation Solution
A system that generates a resource exchange event token, mapping a token identifier to both resource exchange event processing data and defined metadata/criteria, which is communicated to and stored by a third-party data recipient, allowing secure processing of resource exchange events without exposing actual user data.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If user resource exchange event processing information is shared with third-party data recipients, then resource exchange events can be processed on behalf of the user, but the user's information becomes vulnerable to data breaches and compromise
Solution Approach 1:
The patent introduces a token as an intermediary that mediates between the user's resource exchange event processing information and third-party data recipients. The token contains authorized information that allows third parties to process transactions without exposing the user's actual sensitive data, thereby enabling productivity while protecting reliability through this intermediary layer
Solution Approach 2:
The patent creates a copy of the user's resource exchange event processing information in the form of a token. This token is a representation that contains the necessary authorization and routing information to process transactions, but is not the actual sensitive data itself. The third party receives and processes this copy rather than the original sensitive information, resolving the contradiction between enabling processing and protecting security
2Adaptability or versatility
If user credentials are shared with multiple third-party data recipients, then resource exchange events can be processed through multiple channels, but it becomes difficult to determine which recipient was breached
Solution Approach 1:
The patent segments the authorization mechanism by providing each third-party data recipient with a unique token rather than sharing the same user credentials across multiple recipients. Each token is distinct and can be individually tracked, allowing the system to identify which specific recipient was breached while still enabling multiple third parties to process transactions independently
3Productivity
If resource exchange event processing information is compromised and wrongfully used, then malicious resource exchange events can be conducted, but recovery is challenging due to irrevocable channels
Solution Approach 1:
The patent treats the token as a disposable, short-lived object that can be easily revoked and replaced. If a token is compromised or misused, the system can simply invalidate that specific token and issue a new one without affecting the underlying user credentials or requiring complex recovery procedures. This resolves the contradiction by making the authorization mechanism replaceable rather than the actual resource exchange channels
Data Source
AI summary
Secured system for sharing/distributing a user's resource exchange event information with third-party data recipients. In response to verifying the identity of a user and receiving the user's consent to distribute the resource exchange event information, user inputs are received that define resource exchange event metadata and a resource exchange event token is generated that maps a token identifier to both the resource exchange event processing data and the defined resource exchange event metadata. The token is communicated to and stored by a predetermined third-party data recipient, which presents the token at the time of requesting the processing of a resource exchange event on behalf of the user.