Intuit, Inc. (20240346520). USING BLOCKCHAIN TO IMPROVE STANDARDS COMPLIANCE simplified abstract
Contents
USING BLOCKCHAIN TO IMPROVE STANDARDS COMPLIANCE
Organization Name
Inventor(s)
Christopher Mankit Chan of San Jose CA (US)
Jothimani Kanthan Ganapathi of Castro Valley CA (US)
Jason Daniel Taylor of Sunnyvale CA (US)
Jason Michael Webb of Valley Center CA (US)
USING BLOCKCHAIN TO IMPROVE STANDARDS COMPLIANCE - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240346520 titled 'USING BLOCKCHAIN TO IMPROVE STANDARDS COMPLIANCE
The abstract of the patent application describes a method for transferring an achievement token using blockchain technology.
- Receiving a request to transfer an achievement token to a user
- Querying a smart contract to obtain a requirement associated with the achievement token
- Verifying the user completed the requirement via a blockchain
- Storing user evidence with a transaction history associated with the transfer of the achievement token
- Transferring the achievement token to the user via the blockchain
Potential Applications: - Gamification platforms - Loyalty programs - Educational platforms
Problems Solved: - Ensuring transparency in achievement token transfers - Providing a secure and verifiable method for transferring tokens
Benefits: - Increased trust in achievement token systems - Improved user engagement and motivation - Enhanced security and transparency in token transfers
Commercial Applications: Title: "Blockchain-Based Achievement Token Transfer System" This technology could be utilized in various industries such as gaming, education, and marketing to enhance user engagement and loyalty through secure and transparent token transfers.
Questions about Achievement Token Transfer System: 1. How does blockchain technology ensure the security of achievement token transfers? Blockchain technology uses cryptographic algorithms to secure transactions and ensure the integrity of the data stored on the blockchain.
2. What are the potential drawbacks of using blockchain for achievement token transfers? While blockchain technology offers security and transparency, it can also be resource-intensive and may require specialized knowledge to implement effectively.
Original Abstract Submitted
certain aspects of the disclosure provide a method for transferring an achievement token, comprising: receiving a request to transfer an achievement token to a user; querying a smart contract to obtain a requirement associated with the achievement token; verifying, via a blockchain, the user completed the requirement, including retrieving user evidence associated with the requirement from the blockchain; and storing user evidence with a transaction history associated with the transfer of the achievement token to the user; and transferring, via the blockchain, the achievement token to the user.
