Secure Token Mobile Resource Transfer on Distributed Register
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Solution Overview
Problem
There is a need for an efficient and secure method to process mobile resource transfers, particularly in scenarios where existing systems lack the necessary authentication and authorization mechanisms to prevent unauthorized transactions.
Innovation Solution
A system utilizing secure tokens stored on a distributed register, where each mobile device is associated with a unique immutable data identifier, allowing resource transfer servers to authenticate and authorize transactions based on historical data and machine learning algorithms, ensuring secure and consistent processing of mobile resource transfers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional resource transfer authentication methods are used, then the system is simpler to implement, but security and prevention of unauthorized transactions deteriorates
Solution Approach 1:
The patent introduces a distributed register as an intermediary system that stores secure tokens and historical data. This intermediary enables authentication and authorization without requiring complex direct verification between all parties, thus improving security while managing complexity through a centralized data structure.
Solution Approach 2:
The system performs preliminary authentication by verifying secure tokens against historical data in the distributed register before allowing resource transfers. This preliminary action prevents unauthorized transactions by establishing trust beforehand, improving reliability without adding complexity to the main transfer process.
2Reliability
If comprehensive authentication and authorization processes are implemented, then transaction security improves, but processing time and efficiency deteriorates
Solution Approach 1:
The patent replaces manual or mechanical authentication processes with automated verification of secure tokens against historical data in the distributed register. This substitution enables fast, accurate authorization without human intervention, improving reliability while minimizing processing time.
Solution Approach 2:
The system performs self-service authentication by automatically verifying secure tokens and comparing them with historical data without requiring external intervention. This self-service mechanism enables rapid authorization decisions, improving both accuracy and speed of transaction processing.
3Difficulty of detecting and measuring
If machine learning algorithms are used for request validation, then detection of unauthorized transactions improves, but system complexity and computational resources deteriorates
Solution Approach 1:
The distributed register serves as an intermediary that stores historical data in a structured format, making it accessible to machine learning algorithms for pattern recognition. This intermediary organization of data enables effective unauthorized transaction detection without requiring complex real-time analysis, managing computational complexity through pre-organized data storage.
Data Source
AI summary
A system is provided for processing mobile resource transfers using secure tokens on a distributed register. In particular, each mobile device may be associated with a unique, immutable data identifier that may be stored within the distributed register. Resource transfers initiated by the mobile device may be authenticated by the resource transfer servers using the secure token associated with the mobile device along with the resource transfer data or metadata transmitted by the mobile device. Based on the historical data associated with the mobile device in conjunction with the secure token and resource transfer data and metadata, the resource transfer server may initiate an authorization process on the resource transfer requested by the mobile device. In this way, the system provides a secure way to process mobile resource transfers.