Secure Credential Tokenization for Resource Distribution Instruments

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Solution Overview

Problem

Conventional systems face challenges in securely managing resource distribution instruments, as providing information identifying these instruments increases the risk of misappropriation, leading to unnecessary resource consumption for security protocols, detection, and remediation.

Innovation Solution

A system that generates and uses secure credentials for resource distribution instruments, which do not include identifying information, to facilitate tokenization within a network, reducing the likelihood of misappropriation and thus conserving resources by eliminating the need for extensive security protocols.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If information identifying the resource distribution instrument is provided, then the resource distribution can be facilitated, but the risk of misappropriation increases

Engineering Contradiction:

Improveresource distribution facilitationVSAvoidmisappropriation risk

Core Design Contradiction:

Ease of operationVSObject-affected harmful factors

Solution Approach 1:

The patent creates a copy of the resource distribution instrument's identifying information and stores it in a secure database. When a distribution request is made, the system retrieves the copied information from the database rather than requiring the user to provide the original identifying information, thus facilitating distribution while reducing misappropriation risk.

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent introduces a secure credential as an intermediary between the user and the resource distribution instrument. The secure credential contains the identifying information but is managed by the electronic system, allowing the system to mediate the distribution process without exposing the raw identifying information to potential misappropriation.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Reliability

If security protocols are implemented to prevent misappropriation, then the misappropriation risk is reduced, but computing and network resources are consumed

Engineering Contradiction:

Improvemisappropriation preventionVSAvoidcomputing resource consumption

Core Design Contradiction:

ReliabilityVSUse of energy by moving object

Solution Approach 1:

The patent performs preliminary action by pre-storing the identifying information of the resource distribution instrument in a secure database during instrument creation. This preliminary storage eliminates the need for complex real-time security protocols during distribution, as the system can directly retrieve the pre-stored information when needed, thus reducing computing resource consumption.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

By creating and storing a copy of the identifying information in the secure database, the system avoids the need for repeated complex security verification processes during each distribution transaction. The copied information can be retrieved efficiently, reducing the computational burden compared to implementing comprehensive security protocols for every transaction.

Inventive Principle:

Principle #26Copying

3Reliability

If extensive security protocols are deployed, then the security against misappropriation is improved, but network resources and financial resources are consumed

Engineering Contradiction:

Improvesecurity against misappropriationVSAvoidnetwork and financial resources

Core Design Contradiction:

ReliabilityVSQuantity of substance

Solution Approach 1:

The patent implements preliminary action by establishing the secure credential and storing identifying information in the database during the instrument setup phase. This preliminary preparation reduces the need for extensive network communication and financial processing during actual distribution transactions, conserving network and financial resources while maintaining security.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The secure credential acts as an intermediary that simplifies the distribution process. Instead of implementing extensive security protocols for every transaction, the system uses the pre-established secure credential to facilitate transactions with reduced network and financial resource consumption, as the credential already contains the necessary identifying information.

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS12106291B2Systems and methods for electronic tokenization of resource distribution instruments

Publication Date: 2024.10.01 BANK OF AMERICA CORP

AI summary

Systems, computer program products, and methods are described herein for electronic tokenization of resource distribution instruments. The present invention may be configured to receive, from a first entity channel, a request for a secure credential for a resource distribution instrument, where the first entity channel received the request from a user device associated with a user. The present invention may be configured to generate, in response to receiving the request, the secure credential and provide, to a resource distribution instrument network, the secure credential and instructions to configure the resource distribution instrument network. The instructions may configure the resource distribution instrument network to provide, in response to receiving a token request using the secure credential from a second entity system, a token for use by the second entity system during distributions between the user and the second entity system.