Systems and methods for providing personal rewards in a trustless ecosystem
US11966917B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 11, 2019 |
| Grant date | Apr 23, 2024 |
| Priority date | — |
| Expiry date | Jan 20, 2042 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2463/102
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
Methods and systems relating to a protocol for verification and enforcement of proper payment of a reward from a business (second entity) to a user (first entity) are shown. A reward can be earned by the user storing private information as encrypted data on the block chain or in a data store, such as IPFS, accessible by the business. Smart contracts running on a block chain operate to implement portions of the protocol while a local block chain node can run smart contracts in read-only mode to avoid placing private information, such as decryption keys, on the block chain. The protocol can be implementable over public storage and all artifacts of the protocol can be used later as proofs of proper behavior. The protocol defines incentives and penalties to motivate every player to act according to the rules, hence making the methods and systems operate as expected.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.