Secure Token Management for Public Benefit Asset Transactions
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing computer systems lack an efficient method for updating and managing contingent assets, particularly in terms of risk analysis and secure token management, which hinders effective asset valuation and transaction processes.
Innovation Solution
A computing system that utilizes a blockchain-based approach to manage contingent assets, including risk analysis, secure token updates, and asset lifecycle management, enabling secure and transparent transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional asset management systems are used, then asset transactions can be processed, but risk analysis and secure token management are inefficient and lack transparency
Solution Approach 1:
The patent introduces a blockchain-based intermediary layer that mediates between asset owners and transaction partners. This blockchain intermediary provides immutable risk analysis records and secure token management, resolving the contradiction by enhancing reliability through decentralized verification while managing complexity through standardized smart contract protocols
Solution Approach 2:
The patent replaces traditional mechanical risk analysis systems with cryptographic verification mechanisms. Blockchain-based digital signatures and hash functions substitute for manual risk assessment processes, improving reliability through mathematical certainty while reducing operational complexity through automated verification
2Reliability
If blockchain-based approach is implemented, then security and transparency are improved, but system complexity increases
Solution Approach 1:
The patent creates multi-functional smart contracts that perform multiple operations within the blockchain system. These universal contracts handle token creation, risk analysis, transaction verification, and asset management in integrated workflows, improving security through unified cryptographic protection while reducing complexity by eliminating the need for separate specialized systems
Solution Approach 2:
The patent segments the blockchain system into modular functional components: asset registration modules, risk analysis modules, token management modules, and transaction execution modules. This segmentation allows each component to be independently developed and verified, improving overall security through focused expertise while managing complexity through clear separation of concerns
3Measurement precision
If secure token updates are performed frequently, then asset valuation accuracy is improved, but processing time increases
Solution Approach 1:
The patent implements periodic token update cycles triggered by specific events or time intervals rather than continuous updates. Risk analysis and asset valuation are refreshed at predetermined checkpoints (e.g., upon new information arrival, transaction initiation, or scheduled intervals), maintaining high valuation accuracy while minimizing unnecessary processing time through structured periodic refreshes
Solution Approach 2:
The patent performs preliminary risk analysis and valuation assessments before formal token updates are required. By pre-calculating risk metrics and asset valuations when data changes occur (even before update triggers), the system maintains high measurement precision when updates do occur while reducing actual update time through advance preparation
Data Source
AI summary
A method executed by a computing entity includes obtaining control over a transaction token representing a first pending transaction associated with a transaction item. The method further includes selecting a set of selected public benefit credit assets from a group of candidate public benefit credit assets based on an identity of the transaction item and an associated credit level of each candidate public benefit credit asset of the group of candidate public benefit credit assets. The method further includes generating an updated secure first token in accordance with a securely passing process to represent the selection of the selected set of public benefit credit assets to subsequently provide conversion of the set of selected public benefit credit assets to complete the first pending transaction.