, an enterprise -as-a-service provider originally developed out of a Disney technology incubator, was a patent for a loyalty system that tracks and monetizes time on the , according to documents published by the U.S. Patent and Trademark Office (USPTO).
The patent, titled security systems and methods based on cryptographic utility inventory tenure, describes a new method for creating time-based value systems on a . The patent is a continuation of an application filed in November of 2018.
According to the company, the system represents time-based scores using a value called the “Dragon Days of Slumber Score” (DDSS). The model shares some similarities with proof-of-elapsed-time based consensus (PoET), which is also used in some permissioned enterprise blockchains.
DDSS has applications in digital assets and loyalty rewards by hardening a against tampering and gaming by bad actors, said Dragonchain. , founder and CEO of Dragonchain said:
“When you look at existing loyalty programs, the rewards are not proportionate to someone’s actual loyalty. For example, airline rewards are often based on using a credit card to accumulate points, rather than rewarding the time someone has flown with an airline. By monetizing time with blockchain, DDSS creates a new type of value system to recognize true loyalty through immutable measurement.“
The patent is the most recent addition to a “long list” of patents filed or received by Dragonchain. In November 2018, Dragonchain was awarded a patent for , which aims to allow users to conduct processing across public blockchains such as , , and .
Dragonchain’s push to patent its technology is part of a larger race among companies to stake intellectual property claims in the emerging field. Last week, , another Seattle startup—was for micropayment distributions.
Meanwhile, multinational conglomerates such as , , and are making their own intellectual property claims. At times, these claims run counter to the ethos of the movement, which tends to value open-source collaboration.
How the open-source ecosystem and these intellectual property claims will interact in the future is still subject to debate.
The post appeared first on .
Published at Tue, 21 May 2019 07:52:38 +0000
