Transparent Self-managing Rewards Program Using Blockchain And Smart Contracts

  • Published: May 18, 2017
  • Earliest Priority: Nov 16 2015
  • Family: 1
  • Cited Works: 0
  • Cited by: 35
  • Cites: 0
  • Additional Info: Full text
Abstract

Embodiments enable a transparent self-managing rewards program using a smart contract block chain distributed network by receiving a transaction record associated with a smart contract, wherein the transaction record comprises input data indicating one or more actions taken by a user; accessing a distributed ledger stored in the memory device, wherein the distributed ledger is updated based on communications from a block chain distributed network; using smart contract logic associated with the smart contract, determining whether the indicated one or more actions meets a condition of the smart contract, thereby validating the transaction record, and in some embodiments, in response to determining the one or more actions meets the condition of the smart contract, thereby validating the transaction record, initiating rewarding the user with rewards corresponding to the condition.


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Document History
  • Publication: May 18, 2017
  • Application: Nov 16, 2015
    US US 201514942326 A
  • Priority: Nov 16, 2015
    US US 201514942326 A

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