Secure Passing of Contingent Action Tokens for Asset Reassignment
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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 re-titling 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, involving determining desired financial attributes, facilitating the acquisition of augmenting asset bundles, and enhancing financial systems using these bundles to achieve desired financial attributes, with features like deconstruction, re-bundling, and secure financial transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If traditional communication systems are used to communicate financial data, then data communication velocity and volume increase, but security risks and system complexity increase
Solution Approach 1:
The patent segments financial data into discrete tokens representing specific assets or asset portions. Each token is independently secured and tracked, allowing high-velocity communication of financial information while maintaining security through granular control and verification of each token transaction.
Solution Approach 2:
The patent introduces a blockchain-based intermediary layer that mediates token transactions. This intermediary system verifies and secures each financial data communication event without requiring direct trusted connections between all parties, enabling high-velocity communication while maintaining security through decentralized verification.
2Productivity
If asset reconfiguration and reassignment operations are performed rapidly, then productivity improves, but security vulnerabilities increase
Solution Approach 1:
The patent establishes predetermined rules and smart contracts that automatically execute asset reconfiguration operations. By pre-defining valid operations, authorization protocols, and verification mechanisms, the system enables rapid asset reassignment while maintaining security through automated compliance checking and pre-established trust frameworks.
Solution Approach 2:
The patent implements self-executing smart contracts that automatically verify and process asset token transactions without requiring manual security approvals for each operation. The system self-validates transaction authenticity, authorization, and compliance with predetermined rules, enabling high-speed asset reconfiguration while maintaining security through automated enforcement of security protocols.
Data Source
AI summary
A method executed by a computing device includes identifying a contingency-action token (CAT) of an object distributed ledger of a secure exchange that meets minimum CAT requirements. The method further includes determining whether to select the CAT based on an evaluation with regards to an evaluation profile. When selecting the CAT the method further includes producing a selected CAT and determining reassignment information for the selected CAT. 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 updating the selected CAT utilizing the reassignment information for the CAT to produce an updated CAT. The method further includes causing generation of a new block affiliated with the updated CAT via another blockchain of another object distributed ledger using the securely passing process, where the new block includes the updated CAT.