The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Apr. 23, 2024
Filed:
Sep. 11, 2019
Bitclave Pte. Ltd., Trivex, SG;
Alexander Bessonov, San Jose, CA (US);
Patrick Tague, Mountain View, CA (US);
Mark Shwartzman, Campbell, CA (US);
Stephen Winston, San Jose, CA (US);
Vadim Gore, Beaverton, OR (US);
Bitclave Pte. Ltd., Trivex, SG;
Abstract
Methods and systems relating to a protocol for verification and enforcement of proper payment of a reward from a business (second entity) to a user (first entity) are shown. A reward can be earned by the user storing private information as encrypted data on the block chain or in a data store, such as IPFS, accessible by the business. Smart contracts running on a block chain operate to implement portions of the protocol while a local block chain node can run smart contracts in read-only mode to avoid placing private information, such as decryption keys, on the block chain. The protocol can be implementable over public storage and all artifacts of the protocol can be used later as proofs of proper behavior. The protocol defines incentives and penalties to motivate every player to act according to the rules, hence making the methods and systems operate as expected.