Computer-implemented electronic coupon system and methods using a blockchain

a blockchain and computer-implemented technology, applied in the field of electronic coupon processing system and method, can solve the problems of too easy to create duplicate copies of coupons digitally, fraud and uncontrolled duplication, and the migration of couponing as a promotional method has not kept pace with the migration of consumers to digital media

Inactive Publication Date: 2017-12-21
COUPONCO LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

A major barrier to adoption of digital coupons has been the risk of fraud and uncontrolled duplication.
It has been too easy to create duplicate copies of a coupon digitally and as a result, Issuers (manufacturers) have been reluctant to issue digital coupons (particularly coupons of a value greater than a small percentage of total retail purchase price).
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  • Computer-implemented electronic coupon system and methods using a blockchain
  • Computer-implemented electronic coupon system and methods using a blockchain
  • Computer-implemented electronic coupon system and methods using a blockchain

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Embodiment Construction

[0026]The terminology used herein is for the purpose of describing particular embodiments only and is not intended to be limiting of the invention. As used herein, the term “and / or” includes any and all combinations of one or more of the associated listed items. As used herein, the singular forms “a,”“an,” and “the” are intended to include the plural forms as well as the singular forms, unless the context clearly indicates otherwise. It will be further understood that the terms “comprises” and / or “comprising,” when used in this specification, specify the presence of stated features, steps, operations, elements, and / or components, but do not preclude the presence or addition of one or more other features, steps, operations, elements, components, and / or groups thereof.

[0027]Although the terms “first”, “second”, etc. are used herein to describe various elements, these elements should not be limited by these terms. These terms are only used to distinguish one element from another elemen...

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Abstract

A computer implemented electronic computer system using a blockchain method for creating, distributing, validating, and redeeming a secure electronic smartcoupon. A smartcoupon transaction record is highly secure and may comprise embedded business rules that define the requirements that consumers and retailers must meet for the smartcoupon to redeemed. Consumers may save or hold smartcoupons in a variety of different digital wallets. Retailers may redeem through their POS system by evaluating the embedded business rules in the smartcoupon against the consumer's purchase basket and if valid, completing the redemption process by publishing a redemption token to smartcoupon transaction record on the Blockchain database.

Description

CROSS REFERENCE TO RELATED APPLICATIONS[0001]This application claims priority to and the benefit of the filing date of U.S. Provisional Application No. 62 / 350,226, filed on Jun. 15, 2016, entitled “Electronic Coupon System and Methods using a Blockchain”, which is hereby incorporated by reference in its entirety.FIELD OF THE INVENTION[0002]This patent specification relates to the field of a coupon processing system and method. More particularly, the present patent specification relates to an electronic coupon processing system and methods for generating and processing of electronic coupons.BACKGROUND[0003]Manufacturers of consumer products have long offered coupons to consumers in both printed and electronic formats. These coupons are promotional tools designed to motivate one or more desired consumer behaviors such as new product trial or switching from another competing product. A coupon gives the holder the right to receive a discount under the certain conditions (business rules)...

Claims

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Application Information

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IPC IPC(8): G06Q30/02G06Q20/20
CPCG06Q30/0222G06Q20/20G06Q30/0238G06Q20/204G06Q20/38215G06Q20/3829G06Q20/387G06Q20/4016G06Q20/405G06Q2220/00
Inventor BALFOUR, ROBBANDLER, GREG
Owner COUPONCO LTD
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