Wearable Device Consensus Mechanism for Secure Resource Distribution
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Solution Overview
Problem
Current resource distribution systems lack effective mechanisms for preventing resource distribution without consensus among multiple parties, particularly in scenarios involving wearable devices and distributed ledgers, where ensuring approval from all users is crucial for transaction authenticity and security.
Innovation Solution
A system utilizing software programming with functional code logic components on a distributed development platform to manage wearable devices through non-fungible tokens (NFTs), allowing for group consensus on resource distribution requests, where each wearable device's unique identity and account information are stored on a distributed ledger, enabling linking, delinking, and authentication for resource distribution.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If resource distribution is allowed without consensus mechanism, then transaction speed is improved, but security and authorization are worsened
Solution Approach 1:
The system performs preliminary actions by establishing consensus among multiple wearable devices before allowing resource distribution to occur. The consensus mechanism pre-approves transactions by requiring authentication from multiple parties, ensuring authorization security is maintained while enabling subsequent fast execution of approved transactions.
2Reliability
If multiple wearable devices are linked for consensus, then authorization security is improved, but device complexity is worsened
Solution Approach 1:
The system applies universality by creating a multi-functional consensus mechanism that can be implemented across different wearable devices and resource distribution scenarios. The same consensus protocol and smart contract framework handle various types of transactions (resource distribution, token transfers, etc.), reducing overall system complexity despite involving multiple devices.
3Measurement precision
If NFT-based unique identities are implemented, then device identification accuracy is improved, but manufacturing complexity is worsened
Solution Approach 1:
The system uses NFTs as digital copies or representations of wearable device identities on the blockchain. Instead of implementing complex hardware identification systems, the patent creates cryptographic token copies that uniquely represent each device, achieving high identification accuracy through digital replication rather than physical complexity.
Data Source
AI summary
Systems, computer program products, and methods are described for creating a multi-device functional code logit component allowing for multiple device communications on a distributed platform. As such, the invention allows for multiple wearable devices to each possess a unique non-fungible token (NFT) within a private distributed ledger. Each wearable device on has a unique immutable identity NFT. The grouping of NFT associated wearable devices are linked together for consensus resource distribution. Upon an initiation of a resource distribution request from a user using the user's wearable device, the other users in the distributed ledger group receive coded communications of the initiated resource distribution requiring an action approval request. If accepted action and a consensus is generated among the distributed ledger, the resource distribution is granted to the requesting wearable device.