Unique Timecard Onboarding Identifiers for Blockchain Payroll
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Solution Overview
Problem
Existing blockchain systems face challenges in efficiently processing transactions related to worker onboarding and payroll calculations, particularly in consortium blockchains, due to high computational costs and latency, which hinder real-time authorization and payment processing.
Innovation Solution
A unique timecard identifier is generated that includes an onboarding identifier and check-in/check-out data, leveraging edge computing to perform computations off the blockchain, and utilizing a consortium blockchain with smart contracts to securely authorize and calculate instant payments, reducing processing power and latency.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If blockchain is used to process worker onboarding and payroll transactions, then security and immutability are improved, but computational cost and latency increase
Solution Approach 1:
The system segments the payroll processing workflow into distinct blockchain transactions, where each payroll event (hourly work, deductions, credits, payments) is recorded as a separate immutable transaction. This segmentation allows the system to maintain security benefits while processing individual transactions efficiently without requiring complex batch computations on the blockchain.
Solution Approach 2:
The patent introduces payroll-specific smart contracts as intermediaries that handle the computational logic for payroll calculations, deductions, and payments. These smart contracts execute automated payroll processing rules off-chain or with minimal blockchain interaction, reducing the computational burden on the blockchain network while maintaining security through cryptographic verification of payroll data.
2Reliability
If blockchain is used to process worker onboarding and payroll transactions, then security and immutability are improved, but processing speed decreases
Solution Approach 1:
The system performs preliminary actions by pre-configuring payroll rules, deduction structures, and payment parameters in smart contracts before actual payroll processing occurs. Worker onboarding data is validated and stored in advance, allowing payroll calculations to execute quickly by simply applying pre-defined rules to verified data, thus improving processing speed while maintaining security.
Solution Approach 2:
The patent implements self-service payroll processing through automated smart contracts that independently calculate wages, apply deductions and credits, and execute payments without requiring manual blockchain transaction validation for each calculation step. The system serves itself by automatically reconciling payroll data and executing transactions based on pre-programmed business rules, significantly improving processing speed.
3Manufacturing precision
If detailed payroll calculations with deductions and credits are performed on blockchain, then accuracy is improved, but computational overhead increases
Solution Approach 1:
The system changes parameters by representing payroll data in standardized, blockchain-friendly formats with fixed precision decimal representations for monetary values. Deductions and credits are structured as discrete transaction types with predefined parameters, allowing accurate calculations to be performed through simple arithmetic operations on immutable data rather than complex computational logic, thus maintaining accuracy while reducing overhead.
Data Source
AI summary
Apparatuses, systems, and methods described include receiving by a node in a blockchain, a unique timecard identifier including an onboarding identifier to trigger an action in a smart contract related to a worker's identity. In embodiments, verification of identification documents and work history of a worker associated with the unique timecard identifier, is triggered.