Tiered Data Asset Exchanges in Blockchain Ledgers

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Solution Overview

Problem

Current distributed trust/blockchain computing networks are limited in leveraging ongoing data asset transfers for establishing further data asset transfers between entities, lacking a mechanism to efficiently facilitate multiple continuous and time-dependent data asset distributions across a single distributed ledger.

Innovation Solution

Implementing a system that allows for tiered data exchanges within a distributed trust/blockchain network, where a single distributed ledger can facilitate multiple ongoing data asset transfers by generating and storing data blocks that provide access to different entities based on obligations, with determinations made in real-time or scheduled, and allowing for segmented access and distribution over time.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If a single distributed ledger is used to conduct multiple different continuous and ongoing data asset transfers, then the utilization efficiency of the distributed ledger is improved, but the complexity of managing tiered data asset distributions increases

Engineering Contradiction:
Improveutilization efficiency of distributed ledgerVSAvoidcomplexity of managing tiered data asset distributions
Core Design Contradiction:
ProductivityVSDevice complexity

Solution Approach 1:

The patent segments data assets into different tiers or levels of access, where each tier represents a different level of ownership or control. This segmentation allows the system to manage multiple data asset transfers with different access rights on a single distributed ledger, resolving the contradiction by organizing complexity through structured division rather than requiring separate ledgers for each transfer type.

Inventive Principle:
Principle #1Segmentation

Solution Approach 2:

The distributed ledger is designed to perform multiple functions simultaneously - it can conduct different types of data asset transfers (sales, leases, licenses, etc.) with varying access rights all within the same ledger structure. This multi-functionality approach allows the system to improve utilization efficiency without proportionally increasing management complexity, as the ledger handles diverse operations through a unified framework.

Inventive Principle:
Principle #6Universality (Multi-functionality)

2Adaptability or versatility

If time-dependent access to data assets is implemented, then the flexibility of data asset distribution is improved, but the complexity of access control management increases

Engineering Contradiction:
Improveflexibility of data asset distributionVSAvoidcomplexity of access control management
Core Design Contradiction:
Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The system establishes access rights and time-dependent parameters in advance when data asset transfers are recorded on the distributed ledger. By pre-defining the tiers of access, duration of access, and conditions for access in the initial transaction records, the system achieves flexible time-dependent distribution without requiring complex real-time access control management, as the rules are embedded in the ledger entries themselves.

Inventive Principle:
Principle #10Preliminary action

3Adaptability or versatility

If multiple entities are provided access to data assets stored within blocks of a distributed ledger, then the versatility of the data exchange system is improved, but the difficulty of detecting and measuring access rights increases

Engineering Contradiction:
Improveversatility of data exchange systemVSAvoiddifficulty of detecting and measuring access rights
Core Design Contradiction:
Adaptability or versatilityVSDifficulty of detecting and measuring

Solution Approach 1:

The distributed ledger provides inherent feedback mechanisms through its immutable transaction records, where each data asset transfer is recorded with specific access rights, tiers, and conditions. The ledger's structure automatically reflects the current state of access rights for multiple entities, making detection and measurement straightforward through ledger queries rather than requiring external tracking systems, thus resolving the contradiction between versatility and measurability.

Inventive Principle:
Principle #23Feedback

Data Source

PatentUS11095456B2Distributed tiered data exchanges within a blockchain network
Publication Date: 2021.08.17 BANK OF AMERICA CORP
  • US11095456B2 patent drawing
  • US11095456B2 patent drawing
  • US11095456B2 patent drawing

AI summary

Distributed tiered data exchanges within a distributed trust/blockchain network are provided for. A continual and ongoing data asset transfer being conducted via a distributed ledger of the distributed trust/blockchain network is leveraged for the purpose of establishing and conducting other continuous and ongoing data asset transfers using the same distributed ledger of the distributed trust/blockchain network. The tiered nature of the asset transfers/distributions means that one distributed ledger can be established and used to conduct multiple different continuous and ongoing data assets transfers between the initial data asset transfer entities and/or other entities. As such, through the use of one distributed ledger of a distributed trust/blockchain network, a single data asset request made by a first entity (i.e., data asset transferee) may be used to make multiple different data asset distributions/transfers to one or many different entities.