TraDove, Inc. (20240242186). SYSTEMS AND METHODS FOR STREAMLINING CREDIT AND/OR DEBIT CARD TRANSACTIONS UTILIZING BLOCKCHAIN SUPPORTED CREDIT TOKENS AND/OR DEBIT TOKENS simplified abstract
Contents
- 1 SYSTEMS AND METHODS FOR STREAMLINING CREDIT AND/OR DEBIT CARD TRANSACTIONS UTILIZING BLOCKCHAIN SUPPORTED CREDIT TOKENS AND/OR DEBIT TOKENS
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 SYSTEMS AND METHODS FOR STREAMLINING CREDIT AND/OR DEBIT CARD TRANSACTIONS UTILIZING BLOCKCHAIN SUPPORTED CREDIT TOKENS AND/OR DEBIT TOKENS - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Commercial Applications
- 1.9 Questions about Blockchain-Based Transaction Processing System
- 1.10 Original Abstract Submitted
SYSTEMS AND METHODS FOR STREAMLINING CREDIT AND/OR DEBIT CARD TRANSACTIONS UTILIZING BLOCKCHAIN SUPPORTED CREDIT TOKENS AND/OR DEBIT TOKENS
Organization Name
Inventor(s)
SYSTEMS AND METHODS FOR STREAMLINING CREDIT AND/OR DEBIT CARD TRANSACTIONS UTILIZING BLOCKCHAIN SUPPORTED CREDIT TOKENS AND/OR DEBIT TOKENS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240242186 titled 'SYSTEMS AND METHODS FOR STREAMLINING CREDIT AND/OR DEBIT CARD TRANSACTIONS UTILIZING BLOCKCHAIN SUPPORTED CREDIT TOKENS AND/OR DEBIT TOKENS
Simplified Explanation
The patent application describes systems and methods for processing credit token and debit token based transactions in a blockchain supported network.
- The innovation involves processing transactions using credit and debit tokens in a blockchain network.
- The system ensures secure and efficient transaction processing.
- It leverages blockchain technology to enhance transparency and reliability.
- The method can be applied to various industries requiring secure payment processing.
- It addresses the need for secure and efficient payment systems in a digital environment.
Potential Applications
The technology can be applied in various industries such as finance, e-commerce, and supply chain management for secure transaction processing. It can be used by banks, retailers, and online platforms to facilitate secure payments. The system can also be integrated into mobile payment applications for enhanced security and reliability.
Problems Solved
The technology addresses the need for secure and efficient payment processing in a digital environment. It ensures transparency and reliability in transactions by leveraging blockchain technology. It provides a secure method for processing credit and debit token based transactions.
Benefits
Enhanced security and reliability in transaction processing. Efficient and transparent payment processing. Integration with existing systems for seamless implementation. Improved trust and confidence in digital transactions.
Commercial Applications
Title: Secure Blockchain-Based Transaction Processing System The technology can be commercialized by offering it to financial institutions, e-commerce platforms, and mobile payment providers. It can be marketed as a solution for secure and efficient payment processing in various industries. The system can provide a competitive edge to businesses looking to enhance their payment processing capabilities.
Questions about Blockchain-Based Transaction Processing System
1. How does the system ensure the security of credit and debit token transactions? The system uses blockchain technology to encrypt and secure transaction data, ensuring secure processing. 2. What industries can benefit the most from this technology? Various industries such as finance, e-commerce, and supply chain management can benefit from the secure transaction processing offered by this system.
Original Abstract Submitted
systems and methods are provided for processing credit token and debit token based transactions in a blockchain supported network.
