Cryptographic Utility Token Inventory Tenure for Data Ownership

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Solution Overview

Problem

The subscription-based licensing model for software raises concerns about user control over data stored on vendor infrastructure, as users lose possession and control of their data when the subscription is terminated, and there is no standardized solution for data ownership and extraction.

Innovation Solution

The implementation of distributed ledger systems using cryptographic utility tokens and smart contracts, which allow users to retain control over their data by recording ownership and usage rights on a blockchain, enabling secure data extraction and transfer.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of manufacture

If subscription-based licensing is used, then software updates and maintenance are simplified, but user control and possession of data are lost

Engineering Contradiction:

Improvesoftware updates and maintenanceVSAvoiduser control and possession of data

Core Design Contradiction:

Ease of manufactureVSEase of operation

Solution Approach 1:

The patent introduces a blockchain-based intermediary layer that mediates between the subscription service provider and the user's data. Smart contracts on the blockchain act as trusted intermediaries that enforce data ownership rights and enable secure data extraction without requiring direct trust in the vendor, thus maintaining user control while enabling simplified subscription management

Inventive Principle:

Principle #24Intermediary (Mediator)

Solution Approach 2:

The patent implements preliminary action by establishing cryptographic ownership records and data extraction mechanisms before the subscription terminates. Users have pre-configured rights to extract their data, and the system maintains readiness to facilitate this extraction through blockchain-based verification of ownership and usage rights

Inventive Principle:

Principle #10Preliminary action

2Productivity

If data is stored on vendor infrastructure, then system efficiency is improved, but data ownership and extraction capability are compromised

Engineering Contradiction:

Improvesystem efficiencyVSAvoiddata ownership and extraction capability

Core Design Contradiction:

ProductivityVSLoss of information

Solution Approach 1:

The patent implements feedback mechanisms through blockchain-based verification systems that continuously track and verify data ownership rights and usage rights. The system provides feedback to users about their data ownership status and enables verification of extraction rights, ensuring that efficiency gains from centralized storage do not compromise user ownership rights

Inventive Principle:

Principle #23Feedback

Solution Approach 2:

The blockchain acts as an intermediary verification layer that does not store the actual data but verifies and enforces ownership rights. This allows efficient centralized storage while maintaining user control through cryptographic proof of ownership and usage rights recorded on the immutable blockchain ledger

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS10565386B2Security systems and methods based on cryptographic utility token inventory tenure

Publication Date: 2020.02.18 DRAGONCHAIN INC

AI summary

Security systems and methods are disclosed that associate several human entities each with a corresponding cryptographic utility token inventory and trustworthiness indication. The trustworthiness indications each shift each at a rate substantially correlating with its corresponding cryptographic utility token inventory so as to allow different entities to become trusted and untrusted over time. This triggers automatic privilege modifications that enhance security within a networked community invested in cryptographic utility tokens.