20240054549. Systems and Methods for Distributed Commerce Based on a Token Economy simplified abstract (BAMBUMETA, LLC)
Contents
Systems and Methods for Distributed Commerce Based on a Token Economy
Organization Name
Inventor(s)
William Esclusa of Rosweel GA (US)
Patrick James Faiola of Nashua NH (US)
Systems and Methods for Distributed Commerce Based on a Token Economy - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240054549 titled 'Systems and Methods for Distributed Commerce Based on a Token Economy
Simplified Explanation
The patent application describes a web 3.0 orchestration system that enables customers to establish relationships and make purchases from merchants without directly accessing their physical or digital storefronts.
- The system receives triggering events from user devices.
- User data is compiled from user profiles associated with the user device.
- A distributed set of smart contracts defined by different merchants is selected based on the triggering event.
- The system executes the smart contracts using the user data as inputs.
- Offerings from a set of merchants are selected based on the output generated from executing the smart contracts.
- The offerings are presented to the user device to facilitate transactions between the user device and the merchants.
- Potential Applications
- E-commerce platforms - Digital marketplaces - Loyalty programs
- Problems Solved
- Simplifying the purchasing process for customers - Allowing customers to make purchases without accessing physical or digital storefronts - Providing a seamless shopping experience across multiple merchants
- Benefits
- Increased convenience for customers - Enhanced user experience - Efficient transaction facilitation
Original Abstract Submitted
disclosed is a web 3.0 orchestration system that creates a token economy through which customers are able to establish relationships and purchase physical and digital goods and services from any merchant at any place without having to access the physical or digital storefront of the merchant. the orchestration system may receive a triggering event from a user device, may compile user data from user profiles that are associated with the user device, and may select a distributed set of smart contracts defined by different merchants based on the triggering event. the orchestration system may execute the distributed set of smart contracts using the user data as inputs, may select offerings from a set of merchants based on the output generated from executing the smart contracts, and may present the offerings to the user device as part of facilitating a transaction between the user device and any of the merchants.
