A system for converting loyalty assets

Abstract

The present invention relates to a system (1) for enabling persons to exchange their assets such as point, offer they obtain from loyalty programs with different loyalty assets through blockchain (4).

Description

[0001] A SYSTEM FOR CONVERTING LOYALTY ASSETS

[0002] Technical Field

[0003] The present invention relates to a system for enabling persons to exchange their assets such as point, offer they obtain from loyalty programs with different loyalty assets through blockchain.

[0004] Background of the Invention

[0005] Loyalty assets such as points, gifts, additional time, additional money, etc. are defined by companies to users at the end of shopping they do or services they buy or for the periods they abide by. In the state of the art, users can use the said loyalty assets defined for them in the company where the asset is defined and only for certain types of shopping. In addition, loyalty assets distributed to users for a limited period of time become idle and cannot provide an economic benefit to users in cases where they are not used on time. The said usage restrictions imposed for loyalty assets lead to customer dissatisfaction and accordingly, customer loss for companies.

[0006] Therefore, considering the studies and the shortcomings included in the current technique, it is understood that there is need for a system for enabling persons to exchange their assets such as point, offer they obtain from loyalty programs with different loyalty assets through blockchain.

[0007] The United States patent document no. US2021264459, an application included in the state of the art, discloses a method of exchange transaction using blockchain, particularly for reward point exchange between loyalty programs. The invention mentioned in the said patent document provides a method of loyalty exchange transaction in order to create an easily tracked blockchain-based platform, by using blockchain for reward point exchange. It verifies the number of tokens traded or used to create an ecosystem by connecting different LPOs (Loyalty Program Operators), merchants, institutional buyers and customers with a common digital asset.

[0008] Summary of the Invention

[0009] An objective of the present invention is to realize a system for converting values of loyalty assets, integration of which is completed by integrating loyalty programs with one another via a blockchain network, into a different loyalty asset by exchanging them with a cryptocurrency (token) having a unit value in the blockchain network.

[0010] Detailed Description of the Invention

[0011] “A System for Converting Loyalty Assets” realized to fulfil the objective of the present invention is shown in the figure attached, in which:

[0012] Figure l is a schematic view of the inventive system.

[0013] The components illustrated in the figure are individually numbered, where the numbers refer to the following:

[0014] 1. System

[0015] 2. Electronic device

[0016] 3. Application

[0017] 4. Blockchain network

[0018] 5. Server The inventive system (1) for enabling persons to exchange their assets such as point, offer they obtain from loyalty programs with different loyalty assets through blockchain comprises at least one electronic device (2) which is configured to realize data exchange by using any remote communication protocol and to execute at least one application thereon; at least one application (3) which is executed on the electronic device (2) and configured to enable at least users to manage their loyalty assets and to create a request by selecting the loyalty program -that they want the loyalty asset to be converted into- and the amount thereof for exchange (interchange) of loyalty assets with a different loyalty program asset; and at least one blockchain network (4) which keeps record of shareable records in relation to digital currencies, assets and commodities in a distributed structure; keeps record of digital asset wallets for loyalty programs; and is configured to generate token (cryptocurrency) in an amount corresponding to the loyalty program selected for the loyalty asset that is owned by the user and available in the amount the user wants to exchange in accordance with the exchange requests created over the application (3), and to ensure that the loyalty asset requested to be exchanged with the generated cryptocurrency is purchased and kept under record in such a way that it is associated with the user.

[0019] The electronic device (2) included in the inventive system (1) is a device such as smartphone, tablet computer, desktop computer or portable computer configured to execute at least one application (3) thereon. The said electronic device (2) has speakers for providing audio output, at least one camera capable of taking picture, and an input unit such as a key or touch screen.

[0020] The application (3) included in the inventive system (1) is executed on the electronic device (2) and is configured to enable at least users to view and manage their loyalty assets. The said application (3) is configured to enable users to create a request by selecting the loyalty program -that they want the asset to be converted into- and the amount to be converted for exchange (interchange) of loyalty assets with a different loyalty program asset. The application (3) is configured to enable users to access the blockchain network (4) and to view and use the exchanged loyalty assets.

[0021] The blockchain network (4) included in the inventive system (1) is configured to keep record of shareable records in relation to digital currencies, assets and commodities in a distributed structure in an encrypted or clear way. The blockchain network (4) is configured to keep record of digital asset wallets of loyalty programs. The said blockchain network (4) is configured to define a token, a crypto asset, to account holders and to enable account holders to use the said tokens. The blockchain network (4) is configured to convert each loyalty asset, that is owned by the user and s / he wants to convert into a different loyalty asset in accordance with the exchange requests created over the application (3), into a token in an amount corresponding to the loyalty asset that is requested to be converted and to keep record of the said tokens in such a way that they are associated with the user. The said blockchain network (4) is configured to deduct the expense amount, that arises for the exchange transaction of the user, from the tokens owned by the user and to transfer them to a digital wallet created for additional costs. The blockchain network (4) is configured to receive the loyalty program asset information, that is requested be converted, of the loyalty asset included in the request transmitted over the application (3) and to enable the user to purchase the related loyalty program assets in an amount sufficient with the tokens s / he owns and to convert the loyalty assets of the user into the type of loyalty asset s / he requests. The blockchain network (4) is configured to keep record of the converted loyalty assets in such a way that they are associated with the user account so that the user can use them.

[0022] Industrial Applicability of the invention In the inventive system (1), a user who is a member of any loyalty program creates a request by entering the amount she / he wants in order to exchange with the loyalty program assets (loyalty asset A) s / he has with a different loyalty program (loyalty asset B) over the application (3) on a platform offered. Thereafter, an amount of token corresponding to the amount of loyalty asset A entered by the user is calculated and then received from the digital asset wallet of the user included on the blockchain network (4). It is accessed to the loyalty asset treasury belonging to the platform of the loyalty asset B and then the loyalty asset B calculated in return for the token is received and transferred to the digital asset wallet of the user. The loyalty asset A is transferred from the user to the loyalty asset treasury of the platform and part of the tokens received from the user’s wallet is distributed to the digital asset wallets managed by loyalty assets A and B for the conversion and the rest of the tokens is transferred to the digital wallet of the platform.

[0023] With the inventive system (1), it is ensured that idle loyalty assets can be used by being converted into a required loyalty asset instantly.

[0024] Within these basic concepts; it is possible to develop various embodiments of the inventive “System (1) for Converting Loyalty Assets”; the invention cannot be limited to examples disclosed herein and it is essentially according to claims.

Claims

CLAIMS1. A system (1) for enabling persons to exchange their assets such as point, offer they obtain from loyalty programs with different loyalty assets through blockchain; comprising at least one electronic device (2) which is configured to realize data exchange by using any remote communication protocol and to execute at least one application thereon; at least one application (3) which is executed on the electronic device (2) and configured to enable at least users to manage their loyalty assets and to create a request by selecting the loyalty program -that they want the loyalty asset to be converted into- and the amount thereof for exchange (interchange) of loyalty assets with a different loyalty program asset; and characterized by at least one blockchain network (4) which keeps record of shareable records in relation to digital currencies, assets and commodities in a distributed structure; keeps record of digital asset wallets for loyalty programs; and is configured to generate token (cryptocurrency) in an amount corresponding to the loyalty program selected for the loyalty asset that is owned by the user and available in the amount the user wants to exchange in accordance with the exchange requests created over the application (3), and to ensure that the loyalty asset requested to be exchanged with the generated cryptocurrency is purchased and kept under record in such a way that it is associated with the user.

2. A system (1) according to Claim 1; characterized by the electronic device (2) which is a device such as smartphone, tablet computer, desktop computer or portable computer configured to execute at least one data application (3) thereon.

3. A system (1) according to Claim 1 or 2; characterized by the electronic device (2) which has speakers for providing audio output, at least one camera capable of taking picture, and an input unit such as a key or touch screen.

4. A system (1) according to any of the preceding claims; characterized by the application (3) which is executed on the electronic device (2) and is configured to enable at least users to view and manage their loyalty assets.

5. A system (1) according to any of the preceding claims; characterized by the application (3) which is configured to enable users to create a request by selecting the loyalty program -that they want the asset to be converted into- and the amount to be converted for exchange of loyalty assets with a different loyalty program asset.

6. A system (1) according to any of the preceding claims; characterized by the application (3) which is configured to enable users to access the blockchain network (4) and to view and use the exchanged loyalty assets.

7. A system (1) according to any of the preceding claims; characterized by the blockchain network (4) which is configured to keep record of shareable records in relation to digital currencies, assets and commodities in a distributed structure in an encrypted or clear way.

8. A system (1) according to any of the preceding claims; characterized by the blockchain network (4) which is configured to keep record of digital asset wallets of loyalty programs.

9. A system (1) according to any of the preceding claims; characterized by the blockchain network (4) which is configured to define a token, a cryptoasset, to account holders and to enable account holders to use the said tokens.

10. A system (1) according to any of the preceding claims; characterized by the blockchain network (4) which is configured to convert each loyalty asset, that is owned by the user and s / he wants to convert into a different loyalty asset in accordance with the exchange requests created over the application (3), into a token in an amount corresponding to the loyalty asset that is requested to be converted and to keep record of the said tokens in such a way that they are associated with the user.

11. A system (1) according to any of the preceding claims; characterized by the blockchain network (4) which is configured to deduct the expense amount, that arises for the exchange transaction of the user, from the tokens owned by the user and to transfer them to a digital wallet created for additional costs.

12. A system (1) according to any of the preceding claims; characterized by the blockchain network (4) which is configured to receive the loyalty program asset information, that is requested be converted, of the loyalty asset included in the request transmitted over the application (3) and to enable the user to purchase the related loyalty program assets in an amount sufficient with the tokens s / he owns and to convert the loyalty assets of the user into the type of loyalty asset s / he requests.

13. A system (1) according to any of the preceding claims; characterized by the blockchain network (4) which is configured to keep record of the converted loyalty assets in such a way that they are associated with the user account so that the user can use them.

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