Trusted Data Bank for Personal Stream Management
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Solution Overview
Problem
Individuals face challenges in securely managing and controlling their personal data streams, which are increasingly generated from various sources, leading to concerns about privacy and security, with existing manual management methods being inefficient and beyond the technical capabilities of most users.
Innovation Solution
A trusted data bank system that aggregates and manages personal data streams, allowing users to set privacy directives, control access, and monetize their data by facilitating transactions between data owners and consumers through an online auction mechanism, ensuring secure and transparent data sharing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If manual management methods are used for personal data streams, then users can control their data, but the process requires significant effort and is beyond the technical sophistication of most users
Solution Approach 1:
The patent introduces a data bank as an intermediary service between data owners and data consumers. The data bank automatically performs matching, access control, and transaction management functions, eliminating the need for users to manually manage their data streams while maintaining user control through authorized consent mechanisms.
2Productivity
If users share their personal data streams with third parties, then they can monetize their data, but they face risks of identity theft, financial loss, and loss of personal privacy
Solution Approach 1:
The data bank serves as a trusted intermediary that facilitates data sharing while implementing security measures. It controls access to data streams, manages authentication, and monitors transactions to prevent misuse, thereby enabling monetization while mitigating privacy and security risks.
Solution Approach 2:
The system implements feedback mechanisms where users can review data access requests, approve or deny sharing, and monitor ongoing data usage. This continuous feedback loop allows users to maintain control over their data while benefiting from monetization opportunities.
3Reliability
If a data bank system is implemented to manage personal data streams, then secure and efficient data management is achieved, but the system complexity increases
Solution Approach 1:
The patent segments the data bank system into distinct functional modules including data reception, privacy directive processing, consumer matching, access control, and transaction management. This modular architecture improves reliability through specialized security measures in each module while managing overall system complexity through clear separation of concerns.
Data Source
AI summary
A trusted data bank organizes and manages access to streams of personal data owned by users with their permission. The data bank accepts incoming streams of personal data from users (such as financial, utility account, medical, insurance, activity, hobby, life style, consumer preferences, commercial transactions, telematics or smart home data, etc.), and applies user-defined privacy directives. The data bank receives personal data stream criteria and offers for goods, services, discounts, or incentives from personal data consumers (end users). The data bank may compare available streams of personal data and associated privacy directives for potential matches with criteria specified by consumers of personal data, and display offers to qualifying owners of personal data streams. If the owner accepts the offer, the data bank facilitates supplying the personal data stream to the consumer of personal data, and retains the ability to discontinue access to the stream at the owner's request.