Rakuten Symphony India Pte. Ltd. (20240313970). SPEAK-TO-EARN TOKENS simplified abstract
Contents
SPEAK-TO-EARN TOKENS
Organization Name
Rakuten Symphony India Pte. Ltd.
Inventor(s)
Mallikarjunaiah Mahalingaiah of Indore (IN)
SPEAK-TO-EARN TOKENS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240313970 titled 'SPEAK-TO-EARN TOKENS
The abstract describes a patent application for the creation of speak-to-earn tokens, which are tokens that have a value based on the measurement of speaking using a mobile device in a telecommunication network. The tokens are designed to be transferred to subscribers of the network based on rules defined in a blockchain.
- Creation of speak-to-earn tokens based on speaking measurements using a mobile device in a telecommunication network
- Selection of a consensus mechanism and blockchain platform for the tokens
- Designing nodes for the speak-to-earn tokens
- Establishment of a blockchain for the tokens based on the consensus mechanism, platform, and nodes
- Generation and provisioning of the tokens for transfer to subscribers according to blockchain rules
Potential Applications: - Incentivizing users to speak more on their mobile devices - Rewarding subscribers of telecommunication networks for their engagement - Creating a new form of digital currency based on speaking activity
Problems Solved: - Encouraging more active participation in telecommunication networks - Providing a unique way to reward users for their actions - Enhancing user engagement and interaction within the network
Benefits: - Increased user engagement and activity - Creation of a new digital currency ecosystem - Encouragement of communication and interaction among network subscribers
Commercial Applications: Title: "Revolutionizing Telecommunication Rewards with Speak-to-Earn Tokens" This technology could be used by telecommunication companies to incentivize user engagement, increase customer loyalty, and create a new revenue stream through the issuance and transfer of speak-to-earn tokens.
Questions about Speak-to-Earn Tokens: 1. How do speak-to-earn tokens differ from traditional forms of digital currency? Speak-to-earn tokens are unique in that their value is based on the measurement of speaking activity using a mobile device, providing a novel way to incentivize user engagement.
2. What potential impact could speak-to-earn tokens have on the telecommunication industry? Speak-to-earn tokens have the potential to revolutionize the way telecommunication companies reward and incentivize their subscribers, leading to increased user engagement and loyalty.
Original Abstract Submitted
speak-to-earn tokens are created. a processor receives a selection of a consensus mechanism for speak-to-earn tokens, wherein the speak-to-earn tokens include a value based on a measurement of speaking using a mobile device in a telecommunication network. the processor receives a selection of a blockchain platform for the speak-to-earn tokens and receives input for designing nodes for the speak-to-earn tokens. the processor establishes a blockchain for the speak-to-earn tokens based on the consensus mechanism, the blockchain platform, and the nodes. the processor generates the speak-to-earn tokens based on the blockchain, and provisions the speak-to-earn tokens for transfer to subscribers of the telecommunication network according to rules defined in the blockchain.
