Peer to Peer Electronic Data Exchange
OwnerAltaf HADIinventor
Life of this patent
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Abstract
A system and method for generating, issuing and recording value transactions n a peer to peer data exchange based on proof of data blockchain. The system includes enabling users to open datastores and receive value and the value transactions recorded on the proof of data blockchain, wherein the recorder of value competes to obtain blockchain recording rights by issuing value to users obtaining the highest proof of data score, wherein the recording blocks are of variable size.
Claims20
A system for generating, issuing and recording value transactions, the system comprising:
- a decentralized datastore layer operable to generate a value;
- a decentralized permission-less blockchain layer operable to execute a proof of data consensus for determining a winning miner and recording transactions on variable block-size ledgers;
- a decentralized value issuing layer operable to issue a value,
- wherein the decentralized datastore layer is operable to store, execute, secure, analyze, negotiate, score and price a plurality of data and application value-generating assets, wherein the decentralized datastore layer comprises:
- a data truth index module,
- a wallet,
- a smart contracts library,
- an artificial data analysis engine,
- an application programming interface (API) gateway,
- an application programming interface (API) management subsystem,
- a compute broker,
- decentralized email, social networking, voice and text chat subsystems,
- a distributed application (dApps) subsystem,
- a storage subsystem;
- and
- allied subsystems,
- wherein the peer-to-peer electronic data exchange airdrops basetokens and mines transactions until the emergence of network miners;
- and
- wherein said transactions are monetary and non-monetary transactions.
A method for maintaining the integrity of the peer-to-peer electronic data exchange by generating an immutable transaction identification number, comprising the steps of:
- computing an immutable transaction identification number utilizing algorithms selected from the group consisting of Secure Hashing Algorithms (SHA) family of algorithms;
- emerging and Shor's proof quantum computer algorithms, and quantum computing encryption algorithms.
A method for providing a peer-to-peer electronic data exchange eco-system comprising the steps of:
- using a permission-less blockchain operable on proof of data consensus, wherein a block winning miner is determined by obtaining the highest proof of data consensus score as determined by a value issuing entity by issuing basetokens to sovereign datastore owners;
- attaining a threshold data truth index score wherein the proof of data consensus score is determined by compiling data truth index scores during time t−1 and time t,
- establishing contending proof of data score winners based on criteria selected from the group consisting of the total number of times a contender node became unavailable during block mining operations, wherein a higher winning weightage is awarded to fewer times a contender node was unavailable;
- a total number of datastore users signed up with the contender, whereby the higher the number of signed-up datastore users, a higher winning weightage is awarded;
- total time for the sovereign datastore owner to attain a wealth germination threshold, wherein the lower the total time taken, a greater winning weightage is awarded;
- the net worth of the sovereign datastore owner, wherein the greater the net worth of the sovereign datastore owner, a greater winning weightage is awarded;
- an expected income of the sovereign datastore owner, wherein the greater the income, a greater winning weightage is awarded;
- a net bitcoin data worth of the sovereign datastore owner, wherein the greater the value of the bitcoin owned by the sovereign datastore owner, a greater winning weightage is awarded;
- the age of the datastore owned by the sovereign datastore owner, wherein the greater the age of the datastore owned by the sovereign datastore owner, a greater winning weightage is awarded;
- individual sovereign datastore owners are awarded a greater winning weightage than organized sovereign datastore owners;
- number of times a sovereign datastore owner won block mining rights prior to time t, wherein the greater the number of times the sovereign datastore owner won block mining rights prior to time t, a greater winning weightage is awarded;
- when last a sovereign datastore owner won the block mining rights prior to time t, wherein the closest to time t that the sovereign datastore owner won block mining rights prior to time t, a greater winning weightage is awarded;
- a data truth index score of a sovereign datastore owner, wherein the higher the data truth index score, a greater winning weightage is awarded;
- a total number of basetokens a sovereign datastore owner issued prior to time t, wherein the greater number of basetokens issued by the sovereign datastore owner, a greater winning weightage is awarded;
- an early initial issuance of basetokens by a sovereign datastore owner, wherein the earlier a sovereign datastore owner issues basetokens, a greater winning weightage is awarded;
- the total value of transactions not recorded in real-time by a sovereign datastore owner prior to a block expiry window, wherein the lower the value a greater winning weightage is awarded to the lower total value.
The method of according to claim 13, wherein the basetokens maintain parity to a government issued currency, wherein the amount of basetokens double in amount upon reaching a 2-unit value of a government issued currency and, wherein the amount of basetokens remains unchanged upon decrease in the value of the government issued currency.
Dependencies are inferred from the claim text.