Trust Conveyance Service for Real-Time Transaction Evaluation
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Solution Overview
Problem
Existing systems lack dynamic evaluation of trust levels between entities, leading to unreliable and non-real-time assessment of transaction partners, and often rely on post-mortem audits or blacklisting/whitelisting techniques.
Innovation Solution
A centralized or decentralized trust service with a trust bank maintains and updates trust levels based on entity actions, allowing real-time evaluation and modulation of trust levels for transactions, using a trust management component to manage and adjust trust scores based on performance.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If post-mortem audits or blacklisting/whitelisting techniques are used to assess transaction partners, then transaction security can be maintained through verification, but real-time evaluation of trust levels is not achieved and transaction speed is reduced
Solution Approach 1:
The system performs preliminary trust level evaluations and maintains updated trust scores for entities before transactions occur. The trust service continuously monitors entity actions and updates trust levels in advance, so that when a transaction is initiated, the trust level is already determined and available for immediate decision-making, eliminating the need for post-mortem audits.
Solution Approach 2:
The system implements continuous feedback loops where entity actions are monitored, trust levels are updated based on observed behavior, and these updated trust levels are fed back into the transaction evaluation process in real-time. This creates a dynamic system where trust assessments are continuously refined based on actual entity performance and interactions.
2Reliability
If traditional verification methods are used to evaluate transaction partners, then security can be ensured through audits, but the evaluation is not dynamic and does not reflect current entity behavior
Solution Approach 1:
The trust level of an entity is not static but dynamically adjusted based on observed actions and behaviors. The trust service continuously updates trust scores as new information becomes available, allowing the system to adapt to changing entity behaviors and provide current, relevant trust assessments rather than relying on outdated audit results.
Solution Approach 2:
The system continuously monitors entity actions and feeds this information back into the trust evaluation mechanism, allowing trust levels to be dynamically updated based on actual behavior. This creates a responsive system that adapts to entity performance in real-time, ensuring assessments reflect current rather than historical behavior.
3Productivity
If real-time trust level evaluation is implemented, then transaction speed and reliability are improved, but system complexity increases due to continuous monitoring and updates
Solution Approach 1:
The trust service is designed as a universal system that can evaluate multiple entities simultaneously using the same infrastructure and algorithms. Rather than requiring separate evaluation mechanisms for each entity or transaction, the system provides a centralized trust evaluation service that handles all entities through a unified approach, reducing overall system complexity.
Solution Approach 2:
The trust service acts as an intermediary layer between entities and the transaction system. Rather than having the transaction system directly perform complex evaluation of each entity, the trust service mediates by providing pre-computed trust levels and evaluations, simplifying the overall system architecture and reducing the complexity burden on the core transaction processing system.
Data Source
AI summary
Services for trust conveyances of entities can be provided and managed. In connection with a transaction between first and second devices, a trust management component (TMC) can indicate trust levels of entities associated with the devices with regard to the transaction and/or an action attempted by an entity. With regard to an action attempted by the first entity, the trust level of the first entity can be evaluated to determine whether it is high enough to allow the action to proceed or to have the second entity respond to the action accordingly. If it is not high enough, the second entity, using the second device, can request a trust conveyance from the first entity via the TMC. The TMC can adjust the respective trust levels based on the outcome(s) of the action(s) of the respective entities with regard to executing the transaction.