Web3 Asset Management via Web2 Custodian Interface
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Solution Overview
Problem
The widespread adoption of Web3-based assets is hindered by the technical expertise required to create, manage, and interact with them, making it difficult for enterprise administrators and novice users to effectively utilize these assets.
Innovation Solution
A system utilizing Web2 technology to create, manage, distribute, and claim Web3 assets, providing an intuitive interface that integrates standard and customizable attributes into Non-Fungible Tokens (NFTs), allowing users to access benefits without needing to understand Web3 technology or blockchain intricacies.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If Web3 assets are created and managed using traditional blockchain interfaces, then the assets can be stored on the blockchain, but the interface complexity and technical expertise required make it difficult for enterprise administrators and novice users to effectively utilize these assets
Solution Approach 1:
The patent introduces a custodian as an intermediary entity that manages cryptographic key pairs and digital wallets on behalf of users. The custodian receives authentication credentials from users, generates key pairs, and stores private keys securely, allowing users to interact with Web3 assets through familiar Web2 authentication mechanisms rather than directly managing cryptographic keys and wallet interfaces
Solution Approach 2:
The patent creates a Web2-style authentication and account management interface that mirrors traditional web experiences. Users interact with familiar concepts like usernames, passwords, and profile pages rather than cryptographic keys and wallet addresses, effectively copying the user experience paradigm from Web2 to Web3 interactions
2Ease of manufacture
If NFTs are provided to users without additional attributes, then the distribution is simple, but the value and practical use are limited and speculative
Solution Approach 1:
The patent integrates multiple functionality into NFTs by combining them with redeemable attributes that provide both digital and physical benefits. NFTs serve not only as digital collectibles but also as redeemable vouchers for products, services, or experiences, making them multi-functional assets with tangible real-world value
Solution Approach 2:
The patent creates composite digital assets by merging NFT technology with traditional voucher or coupon concepts. The resulting hybrid asset combines the immutability and traceability of blockchain technology with the redeemability and practical utility of traditional promotional instruments, creating a new class of valuable digital assets
3Productivity
If enterprise administrators manually generate transactions for creating and managing Web3 assets, then the assets can be created, but the process is complex and requires technical expertise in cryptographic keys and digital wallet management
Solution Approach 1:
The system enables administrators to create and manage Web3 assets through automated processes that handle cryptographic key generation, wallet management, and transaction creation automatically. The custodian service automatically generates key pairs, manages secure storage of private keys, and handles transaction signing, eliminating the need for administrators to manually perform complex cryptographic operations
Data Source
AI summary
Systems include reception of a request at a Web server to create a Web3 asset on a Web3 database, the Web3 asset associated with metadata of one or more attributes and, in response to the received request, generation of an operation to create the Web3 asset on the Web3 database and transmission of the operation to the Web3 database. An instruction is received at the Web server to assign the Web3 asset to a user, an identifier of the user is stored in association with an identifier of the Web3 asset and the metadata, a user request to claim a benefit of one of the attributes is received at the Web server, it is determined at the Web server that the user is associated with Web3 asset based on the stored user identifier, and the benefit is provided to the user in response to the determination.