Toshiba Global Commerce Solutions, Inc. (20240281789). CONDUCTING A PAYMENT TRANSACTION VIA A BLOCKCHAIN REGISTERED CONTAINER AT POINT OF SALE simplified abstract

From WikiPatents
Jump to navigation Jump to search

CONDUCTING A PAYMENT TRANSACTION VIA A BLOCKCHAIN REGISTERED CONTAINER AT POINT OF SALE

Organization Name

Toshiba Global Commerce Solutions, Inc.

Inventor(s)

Sarath Babu Raja Surya of Raleigh NC (US)

Benjamin Duane-porter of Eden Prairie MN (US)

Phillip Monkowski of Apex NC (US)

Ping Cherng Lin of Durham NC (US)

John Wendler of Raleigh NC (US)

CONDUCTING A PAYMENT TRANSACTION VIA A BLOCKCHAIN REGISTERED CONTAINER AT POINT OF SALE - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240281789 titled 'CONDUCTING A PAYMENT TRANSACTION VIA A BLOCKCHAIN REGISTERED CONTAINER AT POINT OF SALE

Simplified Explanation: The patent application describes a method for conducting a payment transaction using a blockchain-registered container at a point of sale. The method involves sensing a unique identifier on the container, which is linked to a digital asset stored on the blockchain, enabling electronic payment transactions.

  • The method involves a POS system with a sensing device that detects a specific identifier on a container.
  • The container identifier is associated with a cryptographic digital asset stored on the blockchain.
  • The digital asset includes a code for an electronic payment instrument, facilitating payment transactions based on the container identifier.
  • Requests for block data associated with the digital asset are sent to the blockchain network for verification and processing.

Potential Applications: 1. Retail stores can use this technology to streamline payment processes and enhance security. 2. Logistics companies can track containers and payments more efficiently. 3. E-commerce platforms can offer secure and convenient payment options to customers.

Problems Solved: 1. Simplifies payment transactions at the point of sale. 2. Enhances security by linking containers to digital assets on the blockchain. 3. Improves efficiency in tracking payments and containers.

Benefits: 1. Secure and efficient payment processing. 2. Enhanced tracking and verification of containers. 3. Streamlined checkout experiences for customers.

Commercial Applications: The technology can be applied in retail stores, logistics companies, and e-commerce platforms to improve payment processes, enhance security, and provide a seamless customer experience.

Prior Art: While there may be similar technologies in the field of blockchain-based payments, this specific method of using container identifiers linked to digital assets for transactions appears to be a novel approach.

Frequently Updated Research: Researchers are continually exploring ways to enhance blockchain technology for various applications, including payment transactions and supply chain management.

Questions about Blockchain-Registered Container Payment Transactions: 1. How does this technology improve security in payment transactions? 2. What are the potential challenges in implementing blockchain-registered container payments?


Original Abstract Submitted

systems and methods of conducting a payment transaction via a blockchain registered container at a point of sale are presented. in one exemplary embodiment, a method is performed by a pos system having a sensing device operable to sense an identifier specific to a container configured to transport items after checkout. the pos system is communicatively coupled to a blockchain network that includes network nodes that are collectively configured to operate a blockchain. the container identifier is specific to a cryptographic digital asset stored on the blockchain as a container identifier code. further, the cryptographic digital asset includes a code that represents an electronic payment instrument identifier configured to enable an electronic payment transaction based on the container identifier sensed from the container. the method includes sending, to the blockchain, a request for block data associated with the cryptographic digital asset based on the container identifier.

Retrieved from "http://wikipatents.org/index.php?title=Toshiba_Global_Commerce_Solutions,_Inc._(20240281789)._CONDUCTING_A_PAYMENT_TRANSACTION_VIA_A_BLOCKCHAIN_REGISTERED_CONTAINER_AT_POINT_OF_SALE_simplified_abstract&oldid=216728"