Blockchain Entitlement Redemption via Smart Contract Verification
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Solution Overview
Problem
Native blockchain technologies lack features that enable businesses to continuously and personally engage with customers at scale, requiring manual design, programming, and testing for blockchain-based offerings, which is computationally expensive and inefficient.
Innovation Solution
The system facilitates redeeming entitlements deployed on blockchain by accessing a fungible and/or non-fungible token associated with a user's blockchain wallet, verifying customer data and conditions, and providing instructions to applications for redeeming the entitlement, thereby automating the redemption process.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If manual design, programming, and testing are used for blockchain-based offerings, then customization and reliability are improved, but productivity and resource efficiency deteriorate
Solution Approach 1:
The system enables self-service through automated entitlement redemption. The smart contract automatically verifies customer data and conditions, and provides entitlements without manual intervention. This automation maintains reliability through cryptographic verification while dramatically improving productivity by eliminating manual design, programming, and testing requirements for each redemption transaction.
Solution Approach 2:
The patent replaces manual mechanical processes with automated computational systems. The smart contract on the blockchain substitutes human operators with automated code that verifies customer data, checks conditions, and distributes entitlements. This substitution maintains reliability through deterministic execution while improving productivity by processing multiple redemptions simultaneously without additional manual overhead.
2Productivity
If automated redemption process is implemented, then productivity and resource efficiency are improved, but device complexity increases
Solution Approach 1:
The smart contract serves as an intermediary between the customer's blockchain wallet and the entitlement distribution system. It automatically verifies customer data and conditions without requiring complex integration between different systems. This intermediary approach improves productivity by automating the redemption process while managing complexity by encapsulating verification logic within the smart contract itself, isolating complexity from the surrounding systems.
Solution Approach 2:
The smart contract performs multiple functions within a single decentralized application: storing customer data, verifying conditions, determining entitlement eligibility, and distributing entitlements. This multi-functionality improves productivity by consolidating multiple manual processes into one automated system while managing complexity through a unified interface that can be accessed by any application supporting the blockchain standard.
3Measurement precision
If manual verification of customer data and conditions is performed, then measurement precision and reliability are improved, but loss of time and productivity deteriorate
Solution Approach 1:
The smart contract enables continuous automated verification of customer data and conditions without interruption. Unlike manual verification that requires human operators to sequentially check each condition, the smart contract continuously monitors and verifies entitlement redemption requests in real-time. This maintains measurement precision through cryptographic verification of customer data while eliminating time loss by processing verifications instantly without human intervention.
Solution Approach 2:
The patent replaces manual verification processes with automated cryptographic verification embedded in the smart contract. The smart contract deterministically checks customer data and conditions using predefined logic, ensuring measurement precision through consistent application of verification rules. This substitution eliminates time loss by automating the verification process, allowing multiple conditions to be checked simultaneously without the sequential delays inherent in manual verification.
Data Source
AI summary
Methods and systems are provided for redeeming entitlements deployed on blockchain. In embodiments described herein, a token associated with a blockchain wallet of a user is accessed from a blockchain. A plurality of parameters of an entitlement associated with the token are determined. The plurality of parameters include a representation of customer data of the user, a representation of the entitlement and an indication of an application for redeeming the entitlement. Responsive to verifying the blockchain wallet of the user based on the customer data, the application executes the redemption of the entitlement.