Transaction Alias Mediator for Secure Real-Time Verification
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Solution Overview
Problem
Users face limitations in transaction mechanisms, such as not being able to use their preferred method and potential exposure of sensitive information, leading to frustration, delayed transactions, and penalties due to the inability to verify transactions in real-time.
Innovation Solution
A transaction platform generates and manages aliases for users, allowing transactions to be facilitated without exposing sensitive information, enabling proactive verification and confirmation of transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional transaction mechanisms requiring sensitive user information are used, then transactions can be completed, but user security is compromised and sensitive information may be exposed
Solution Approach 1:
The patent introduces an alias as an intermediary element that mediates between the user's sensitive information and the transaction recipient. The alias acts as a proxy that allows transactions to occur without exposing the user's actual identifying information, thereby maintaining security while enabling transaction functionality. The transaction platform generates and manages these aliases, which are then used in place of sensitive user data during transactions.
Solution Approach 2:
The patent creates a copy or representation of the user's identifying information in the form of an alias. This alias copy contains sufficient information to facilitate transactions but does not reveal the user's true identity. The transaction platform generates this alias copy and uses it throughout the transaction process, allowing the original sensitive information to remain protected while still enabling transaction completion.
2Manufacturing precision
If real-time transaction verification is implemented, then transaction accuracy is improved, but transaction time is increased due to additional verification steps
Solution Approach 1:
The patent implements preliminary action by having the transaction platform generate and verify transaction details, including alias validation, before the actual transaction is completed. The system proactively checks transaction accuracy, validates the alias, and confirms transaction details in advance, which prevents errors from occurring in the first place. This preliminary verification ensures high transaction accuracy while minimizing delays by catching issues before they require corrective action.
Solution Approach 2:
The patent incorporates feedback mechanisms where the transaction platform continuously monitors and verifies transaction status in real-time. The system provides feedback on transaction validation, alias correctness, and completion status, allowing for immediate correction of any issues. This continuous feedback loop maintains high transaction accuracy while managing time efficiently by addressing problems as they arise rather than discovering them after completion.
3Reliability
If limited transaction mechanisms are available to recipients, then security is maintained, but user convenience and transaction speed are reduced
Solution Approach 1:
The patent applies universality by designing the alias system to work across multiple different transaction mechanisms and platforms. The alias serves as a universal identifier that can be used regardless of the specific transaction type or recipient system. This multi-functionality allows users to transact quickly through various mechanisms while maintaining security, as the alias provides a consistent, secure interface across different transaction channels without requiring users to expose sensitive information for each specific mechanism.
Data Source
AI summary
In examples, a user computing device provides an indication to a resource manager to transfer a resource to a transaction recipient. Accordingly, the resource manager provides an indication of the transaction to a transaction platform. The transaction platform may generate or determine an alias with which to transfer the resource. The transaction platform generates transaction instructions usable by a recipient computing device to complete the transaction. The transaction platform may receive a verification request as a result of the recipient computing device executing the transaction instructions. Accordingly, the transaction platform verifies the transaction and, if the transaction is not verified successfully, user input to confirm or reject the transaction may be requested. As a result, the user need not provide potentially sensitive information to transact with the recipient and, further, is able to proactively verify transactions rather than retroactively address transaction issues.