Secure Information Vault for Personal Data Control
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Solution Overview
Problem
Current solutions fail to effectively allow individuals to control access to their personal information and generate value from it, leading to privacy issues, unauthorized data usage, and financial losses.
Innovation Solution
A secure information repository system, modeled after a financial infrastructure, where individuals can securely store, manage, and monetize their personal data through a trusted third-party vault, enabling controlled access and charging for data usage.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If information is stored in multiple locations for backup and accessibility, then information availability is improved, but the risk of unauthorized copying and privacy compromise increases
Solution Approach 1:
The patent extracts the harmful aspect of data replication by removing the need for multiple physical copies. Instead, a single encrypted master copy is stored in the vault, and access is provided through controlled decryption keys that can be temporarily granted to authorized parties without creating permanent copies elsewhere.
Solution Approach 2:
The vault system acts as an intermediary between the information owner and any party needing access. The vault holds the master encrypted copy and manages all access requests through a controlled key distribution mechanism, eliminating the need for multiple storage locations while maintaining availability.
2Ease of operation
If businesses store personal information for transaction processing, then business operations are facilitated, but information security and privacy protection deteriorate
Solution Approach 1:
The patent removes personal information from business systems entirely. Instead of storing sensitive data, businesses receive only the minimum necessary information (such as encrypted tokens or decrypted data only when needed) to complete transactions, while the master copy remains secured in the vault.
Solution Approach 2:
The vault serves as an intermediary that enables business operations without requiring businesses to store sensitive personal information. The system provides controlled access to necessary data during transactions while maintaining security through centralized encrypted storage and key management.
3Productivity
If personal information is shared with third parties for commercial use, then economic value is generated, but individual control and compensation mechanisms are lost
Solution Approach 1:
The patent implements a system where information owners actively manage and control their own data. Owners can deposit information into the vault, set access conditions, specify compensation terms, and control who accesses their information. The system automatically enforces these conditions and distributes compensation without requiring owners to negotiate with each third party individually.
Solution Approach 2:
The system provides automatic feedback loops where information owners receive compensation when their data is accessed according to predetermined conditions. The vault tracks access events and automatically distributes payments, creating a closed-loop system that continuously reinforces individual control and economic benefit.
Data Source
AI summary
A system and method for providing an information vault so that individual owners of personal data may control and manage the access and dissemination of the personal data and provides for the owner of the personal data to receive compensation for the use of the personal data, thus, in effect, the personal data becomes a valuable commodity analogous to money. A business model is provided that allows competitive, unbiased trusted third parties whose business is protecting the information analogous to how a commercial bank protects money. Centralized protected storage of personal data is provided, thereby minimizing the number of copies that may be in existence. Second party access to the centralized storage of personal data may be made on-demand, as required for commerce, with a provision for assessing fees for accesses.