Resource Handle Transfers With Condition-Based Privacy Checks
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Solution Overview
Problem
Existing digital payment systems face a tradeoff between usability and security, with many systems compromising on one for the other, and there is a need for secure and private transactions without exposing account information.
Innovation Solution
A computer-implemented method manages resource transfers using secure resource handles and condition-based processing, where transactions are routed through a management entity that applies conditions stored with the resource handle, ensuring privacy and security by using token account numbers and reputation scores.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If account numbers are exposed for resource transfers, then transaction completeness is improved, but security deteriorates due to potential malicious activity
Solution Approach 1:
The patent introduces resource handles as intermediary identifiers that mask the actual account numbers. These handles act as mediators between the transferring party and the recipient account, allowing transactions to be initiated without exposing the underlying account number. The system resolves the resource handle to the actual account number through a management entity, ensuring that the account number remains hidden from the initiating party while still enabling complete transaction processing.
2Object-affected harmful factors
If account information is protected for security, then security is improved, but usability deteriorates due to difficulty in initiating transfers
Solution Approach 1:
The system enables self-service by allowing users to obtain and use resource handles without needing to know or access the actual account numbers. The resource handle serves as a user-friendly identifier that the account owner can share freely, and the system automatically manages the resolution and validation processes. This eliminates the complexity of traditional account number sharing while maintaining security, as the handle itself is sufficient for initiating transfers.
3Object-affected harmful factors
If resource handles are used instead of account numbers, then security is improved, but device complexity increases due to additional resolution steps
Solution Approach 1:
The system performs preliminary action by pre-assigning resource handles to account numbers in a centralized management entity. This advance setup creates a mapping between handles and account numbers that can be efficiently resolved when needed. The resolution infrastructure is established beforehand, allowing the system to handle security requirements without adding significant complexity during actual transaction processing, as the handle-to-account resolution is a pre-configured lookup operation.
Data Source
AI summary
A computer-implemented method, system, and non-transitory computer-readable media are provided for managing a resource transfer based on conditions stored in association with a resource handle involved in the resource transfer. The resource transfer may have two-sided anonymity, with resource handles and/or token account identifiers in use on either side of the transaction, while still allowing the parties to directly transact with each other without an intermediary. Anonymity, privacy, and fraud prevention may be further strengthened by secure digital mechanisms such as secure protocols, embedded mechanisms such as QR codes or NFC taps for determining resource handle(s), target validation mechanisms, registration and management of reputation scores for resource handles or directory services that manage the resource handles, and use of transaction metadata and derived keys for additional verification.