WIRELESS POWERED TRANSACTION SYSTEMS AND METHODS

Abstract: provided is a powered transaction system and method. the system includes a distributed blockchain application which facilitates wireless powered transactions between a buyer and a supplier, wherein the blockchain application includes at least one blockchain ledger, a wireless powered two-part blockchain currency, the two-part currency comprising a first currency and a second currency, a trust server which stores the two-part currency and fiat currency, and a first server, wherein the first server receives fiat currency from a buyer transaction device in a first transaction recorded on the at least one blockchain ledger and exchanges the fiat currency for two-part currency from the trust server, and wherein the first currency is provided to the buyer transaction device and the second currency is retained by the first server.

Inventor(s): Haroon B. Oqab, George B. Dietrich

CPC Classification: G06Q20/325 ({using wireless networks})

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