Invention Grant
- Patent Title: Blockchain-based digital token utilization
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Application No.: US16584442Application Date: 2019-09-26
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Publication No.: US11669811B2Publication Date: 2023-06-06
- Inventor: Suki Ramasamy , Sasidhar Purushothaman
- Applicant: Bank of America Corporation
- Applicant Address: US NC Charlotte
- Assignee: Bank of America Corporation
- Current Assignee: Bank of America Corporation
- Current Assignee Address: US NC Charlotte
- Agency: Banner & Witcoff, Ltd.
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q20/36 ; G06Q20/38 ; H04L9/32 ; H04L9/06 ; H04L67/104 ; H04L9/40 ; H04L9/00

Abstract:
Methods, systems, and apparatuses for blockchain-based digital token utilization are described herein. Data corresponding to digital tokens may be stored on a blockchain associated with a decentralized peer-to-peer (P2P) network. Smart contracts for collecting digital tokens in exchange for service provider tokens may be deployed to the blockchain. Smart contracts for distributing digital tokens based on credit tokens may be deployed to the blockchain. Through execution of the smart contracts, digital tokens may be utilized by users in various ways.
Public/Granted literature
- US20200027066A1 Blockchain-Based Digital Token Utilization Public/Granted day:2020-01-23
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