· patent summaries · 4 min read

Crowdsourcing-Driven Innovation Monitoring

This technology establishes a secure and trust-based system for exchanging crowdsourcing innovation in an ecosystem.

This technology establishes a secure and trust-based system for exchanging crowdsourcing innovation in an ecosystem.

This technology establishes a secure and trust-based system for exchanging crowdsourcing innovation in an ecosystem. It involves innovators contributing their initiatives and approaches for tracking and evaluating these innovations based on various inputs. A method is provided for validating innovators’ credentials and maintaining trust among participants. The system emphasizes security, trust, and privacy while facilitating the exchange of innovative ideas

Concepts to Digital Realities

Crowdsourcing has transformed from a mere concept to a robust technical field. This technology is specially tailored for tracking, developing, evaluating, and scoring both innovations and sub-innovations in a sprawling distributed technological ecosystem. This transformation is particularly significant given the expansive and interconnected nature of today’s digital ecosystems.

The Conundrum of Evaluating Innovations

During the stage of evaluation of innovations numerous institutions stand prepared to offer financial backing. Despite of there being numerous amount of grants and rewards presented towards transformative ideas, the real challenge for many companies isn’t just evaluating these ideas. The task of consistently tracking and nurturing these innovations in a globally connected environment, brimming with a deluge of contributions, proves to be a complex undertaking.

Harnessing New Technology for Innovation Tracking

By leveraging this patent technology, we can make sure of the following functionalities being taken care of:

Integrity Assurance

This patented technology assures that every innovator and their respective computing terminal is genuine which further eradicates the possibility of fraudulent entries into the ecosystem. With the help of advanced verification, the system ensures that every idea originator is genuine, thus mitigating deceptive entries.

Metadata Imprinting

After the implementation of an innovation, the technology facilitates the embedding of essential metadata. This not only establishes ownership but also provides a clear digital timestamp and geographical origin, ensuring the idea’s traceability and credibility.

Streamlined Evaluation

The secured framework of the technology being transparent and immutable enables organizations to sift through innovations, vetting their authenticity, and evaluating their potential value. This enables the reining of the decision-making process when awarding grants or other financial incentives.

Global Tracking and Development

With the help of innovative and secured framework, companies can monitor innovations on a global scale, allowing them to tap into a reservoir of creativity and potential across borders.

It paves the way for a more organized, transparent, and efficient avenue for tracking and evaluating crowdsourced initiatives. Not only does it bolster the credibility of the innovations, but it also equips organizations with the necessary tools to recognize and nurture these sparks of creativity.

Figure 1

The Pivotal Role of Crowdsourcing Innovation in Collaborative Initiatives

The Functional Core of Crowdsourced Initiatives

The secured technology tracks crowdsourcing innovations from numerous sources, all of which harbor innovations and sub-innovations. Computer systems connected to the sources allow communication over a vast initiatives exchange network.

Safeguarding Innovation Authenticity

Defining the authenticity of the innovations stand as a challenge. Through Integrity Assurance of the system one can confirm the legitimacy of every innovator connected to the network.

The system efficiently embeds metadata to each innovation. This metadata, which comprises essential details such as a digital ownership identity, a timestamp, and geographical origins, fortifies the innovation’s trustworthiness.

Streamlined and Trustworthy Evaluation

The patented technology also stands out for its evaluation prowess which incorporates a central initiatives management device equipped with tools that evaluate the innovations against various criteria. These criteria range from an innovator’s credentialed score and referencing indexes to the overlap degree with sub-innovations. Such meticulous evaluation processes ensure that each innovation’s merit is accurately gauged, minimizing biases and maximizing fairness.

The Credibility Quotient

The technology can certify digital profiles associated with each innovator through auto validation. This process employs a thorough comparison of distinct digital profiles, aggregating scores for multiple innovators, ultimately influencing the evaluation of innovations.

These innovative approaches packaged in the form of a patented framework may be driven by blockchain. The patented innovation initiatives tracking technology paves the way for an era where innovation is not just encouraged but is also protected, evaluated, and authenticated with unmatched precision.

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