Blockchain Rewards Platform for Decentralized Product Distribution
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Solution Overview
Problem
Current systems lack an efficient method for rewarding users with ownership benefits related to the production and consumption of consumable products, particularly in decentralized platforms, where users can participate in wealth creation and social impact through blockchain technology.
Innovation Solution
A blockchain-based method that allocates non-fungible tokens (NFTs) representing stock ownership, allowing users to purchase and redeem tokens for consumable products, with a rewards pool system that distributes ownership stakes and financial rewards based on consumption, enabling users to participate in the wealth creation of a Production Entity while promoting social good.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a traditional centralized rewards system is used, then implementation is simple, but user trust and transparency are insufficient
Solution Approach 1:
The patent introduces a blockchain platform as an intermediary between the production entity and users. This decentralized ledger technology acts as a neutral mediator that transparently records all reward allocations and stock ownership transfers, building user trust without requiring a centralized authority. The smart contracts on the blockchain automatically execute reward distribution based on pre-defined rules, eliminating the need for complex centralized verification systems.
Solution Approach 2:
The patent replaces traditional centralized mechanical reward distribution systems with a decentralized blockchain-based system. Instead of relying on centralized databases and manual verification processes, the system uses cryptographic validation and distributed consensus mechanisms inherent to blockchain technology. This substitution provides enhanced transparency and trust while maintaining operational efficiency through automated smart contract execution.
2Adaptability or versatility
If NFTs representing stock ownership are allocated to users, then user engagement and wealth participation increase, but system complexity and token management overhead increase
Solution Approach 1:
The patent makes the blockchain platform universal by integrating multiple functions into a single system: product purchase, reward allocation, stock ownership management, and NFT distribution all occur within the same decentralized environment. This multi-functionality reduces the need for separate management systems for each function, as the blockchain inherently handles all these operations through its distributed ledger and smart contract capabilities.
Solution Approach 2:
The system implements self-service through automated smart contracts that automatically allocate NFTs representing stock ownership to users based on their purchases and engagement. The blockchain platform autonomously manages token distribution, tracking, and transfer without requiring manual intervention. Users can independently view their ownership stakes and reward allocations through the transparent blockchain ledger, eliminating the need for complex centralized management interfaces.
3Productivity
If a rewards pool system is implemented, then user participation and consumption increase, but calculation and distribution complexity increase
Solution Approach 1:
The patent replaces complex manual calculation and distribution systems with automated blockchain smart contracts. These self-executing contracts automatically calculate reward allocations based on pre-defined formulas and user engagement metrics stored on the blockchain. The distributed ledger technology inherently handles the computational complexity of tracking purchases, calculating proportional rewards, and distributing NFTs, eliminating the need for complex centralized calculation systems.
Solution Approach 2:
The system implements continuous feedback loops where user consumption data is automatically recorded on the blockchain, instantly triggering reward calculations and allocations through smart contracts. This real-time feedback mechanism ensures that rewards are automatically adjusted based on current consumption patterns, maintaining high user participation without manual intervention. The transparent blockchain ledger provides immediate visibility into reward accrual, further driving user engagement.
Data Source
AI summary
Methods for providing decentralized product and rewards delivery platform are provided. The method includes: issuing, by an asset management unit, a number of fungible tokens according to a number of products related to the company in a predetermined period of time provided by the company; distributing the fungible tokens into wallets of users who purchase one of the products of the company from a platform; issuing drawing tickets to the wallets of the users who redeem the fungible tokens, where the drawing tickets are automatically entered into a rewards pool for drawing; drawing rewards in the rewards pool to determine winners from the users who have the drawing tickets, according to reward rules; and issuing the rewards using smart contracts and depositing the rewards into wallets of the winners. The winners redeem the rewards by claiming the drawing tickets in their wallets.