Secure Contingent Action Token Handling for Ledger Asset Retitling
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Solution Overview
Problem
Global enterprise operations face challenges in communicating, manipulating, and enhancing data related to financial affairs, including refreshing asset bases, unlocking untapped asset value, and rapidly retitling new or re-spun assets, which are exacerbated by the increasing velocity and volume of data communication.
Innovation Solution
A communication system that securely processes contingent action tokens to support asset reconfiguration and reassignment by determining desired financial attributes, facilitating the acquisition of augmenting asset bundles, and enhancing the financial system using these bundles to achieve desired financial attributes, while ensuring secure data transmission and asset management.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If traditional data communication methods are used to handle financial asset data, then basic communication functionality is maintained, but the system cannot handle the increasing velocity and volume of data, and asset reconfiguration operations become inefficient
Solution Approach 1:
The patent segments financial asset data into discrete tokenized units representing specific asset rights or interests. This tokenization allows individual asset components to be independently manipulated, transferred, and reconfigured, enabling high-velocity processing of financial operations while maintaining security through granular control of data units.
Solution Approach 2:
The patent replaces traditional mechanical data processing systems with a cryptographic-based digital token system. Secure multi-party computation and homomorphic encryption substitute for conventional data handling mechanisms, enabling efficient processing of large volumes of financial data without compromising security or increasing processing time.
2Reliability
If secure data processing methods are implemented to protect financial information, then security is enhanced, but processing speed and operational efficiency may be reduced
Solution Approach 1:
The patent implements preliminary cryptographic setup where security protocols, digital signatures, and encryption schemes are established before transactions occur. Smart contracts are pre-configured with security rules and access controls, allowing transactions to execute rapidly once initiated without real-time security verification delays, thus maintaining both security and speed.
Solution Approach 2:
The system employs self-securing cryptographic mechanisms where the data structure itself provides security through cryptographic signatures and verification. The tokenized asset data automatically verifies its own integrity and authenticity through built-in cryptographic checks, eliminating the need for external security verification processes that would slow down transactions.
3Adaptability or versatility
If complex asset reconfiguration operations are performed to unlock untapped asset value, then financial system capability is enhanced, but system complexity and operational difficulty increase
Solution Approach 1:
The patent creates a universal tokenized asset framework that can represent diverse financial instruments (equities, bonds, derivatives, real estate) using a common data structure and protocol. This universal approach allows complex asset reconfiguration operations to be performed through standardized mechanisms rather than custom solutions for each asset type, reducing system complexity while maintaining versatility.
Solution Approach 2:
The patent introduces cryptographic tokens as intermediaries between physical/digital assets and their representation in the financial system. These tokens mediate complex asset operations by encapsulating asset rights, ownership, and transaction rules, simplifying the interface between users and the underlying complex asset structures while enabling sophisticated reconfiguration capabilities.
Data Source
AI summary
A method executed by a computing device includes selecting a contingency-action token (CAT) of an object distributed ledger that meets minimum CAT requirements. The method further includes facilitating taking control of the selected CAT of a blockchain of the object distributed ledger using a securely passing process and determining that a triggered outcome is valid. The method further includes updating the CAT to indicate resolution of a life settlement utilization to produce an updated CAT. The method further includes causing generation of a new block affiliated with the updated CAT via the blockchain of the object distributed ledger using the securely passing process, where the new block includes the updated CAT.