Verified Digital Asset Platform for Credential Verification

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Solution Overview

Problem

Current hiring processes are inefficient due to reliance on unverified information, leading to inaccurate candidate assessments and high HR involvement, with rewards and credentials not being digitally verifiable or portable, resulting in ineffective candidate matching and potential wrong hires.

Innovation Solution

A verified digital asset platform using Non-Fungible Token (NFT) technology on a blockchain to create a trusted credential system, allowing employers to verify and share professional recognitions, skills, and experiences, and enabling employees to manage their credentials and digital identity.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If traditional hiring processes using unverified resumes and online personas are used, then companies can conduct hiring without complex verification systems, but the hiring process becomes inefficient and inaccurate requiring significant HR involvement

Engineering Contradiction:

Improvehiring efficiencyVSAvoidtime for HR to sift through resumes

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The system performs verification of candidate credentials beforehand through automated background checks and credential validation against trusted sources. Digital credentials are verified in advance before the hiring decision, eliminating the need for manual resume screening and reducing HR time investment.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The patent introduces an intermediary verification system that acts as a trusted third party between candidates and employers. This system validates credentials, performs background checks, and provides verified candidate profiles, reducing the need for extensive manual verification by HR departments.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Measurement precision

If manual verification of candidate credentials is performed, then accuracy of candidate assessment improves, but the hiring process becomes time-consuming and expensive

Engineering Contradiction:

Improveaccuracy of candidate skill assessmentVSAvoidtime for credential verification

Core Design Contradiction:

Measurement precisionVSLoss of time

Solution Approach 1:

The system replaces manual mechanical verification processes with automated digital verification. Digital credentials are validated programmatically against trusted sources, and background checks are performed automatically, maintaining high accuracy while dramatically reducing verification time and costs.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

Candidates self-verify their credentials by providing digital credentials that can be automatically validated by the system. The verification process is designed to be candidate-driven with automated validation, reducing the burden on HR personnel while maintaining assessment accuracy.

Inventive Principle:

Principle #25Self-service

3Adaptability or versatility

If traditional awards and credentials are issued physically, then recognition can be provided to employees, but the credentials are not portable or digitally verifiable for new positions

Engineering Contradiction:

Improveportability of credentialsVSAvoidcontext and details of achievements

Core Design Contradiction:

Adaptability or versatilityVSLoss of information

Solution Approach 1:

The system creates digital copies of physical credentials and awards that can be stored, shared, and verified electronically. Digital credential tokens replicate the value and verification capability of physical credentials while adding portability and accessibility across different platforms and organizations.

Inventive Principle:

Principle #26Copying

Solution Approach 2:

The patent creates a universal credential system that works across multiple organizations and platforms. Digital credentials are designed to be universally recognized and verified, enabling employees to carry their achievements across different companies and roles while maintaining context and detail information.

Inventive Principle:

Principle #6Universality (Multi-functionality)

4Reliability

If employers rely on unverified online professional presence, then the hiring process is simpler, but inaccurate information leads to wrong hires and turnover

Engineering Contradiction:

Improveaccuracy of candidate informationVSAvoidcomplexity of verification system

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The system introduces an intermediary verification layer that validates candidate information from various online sources against trusted credentials and background data. This mediator system ensures reliability of candidate information while managing verification complexity through automated processes and trusted partnerships.

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS20240089112A1System and method for implementing a verified digital asset platform

Publication Date: 2024.03.14 KPMG LLP

AI summary

The invention relates to computer-implemented systems and methods for implementing a verified digital asset platform. An embodiment of the present invention is directed to enabling companies to provide professional recognition awards to employees utilizing digital assets, such as NFT (Non-Fungible Tokens). With an embodiment of the present invention, a digital wallet may store public and private keys and allow the owner to perform various actions including access assets, manage assets and sign transactions.