Cryptocurrency Transaction Embedding Email for Automated E-Commerce Delivery
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Solution Overview
Problem
E-commerce checkout processes are tedious and require manual entry of credit card and shipping information, lacking a seamless single-click solution for both payment and delivery address specification across various merchants, especially in cryptocurrency transactions.
Innovation Solution
A cryptocurrency-based commerce system that integrates delivery address specification into transactions, using a special Bitcoin client to automatically include a customer's email address in cryptocurrency transactions, enabling merchants to parse and automate the delivery of electronic goods and services once the transaction is confirmed on the blockchain.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If manual entry of credit card and shipping information is required, then payment security is improved, but checkout time and customer effort increase
Solution Approach 1:
The system pre-stores customer profile information including shipping addresses and payment methods in a database. During checkout, this pre-stored information is automatically retrieved and populated into the appropriate fields, eliminating the need for manual re-entry while maintaining security through cryptographic verification of the stored data
Solution Approach 2:
The system creates and stores cryptographic copies of customer payment and shipping information in secure databases. These copies can be automatically reused for future transactions after verification, reducing repetitive manual entry while maintaining security through cryptographic authentication
2Measurement precision
If manual entry of shipping information is required, then data accuracy is improved, but ease of operation deteriorates
Solution Approach 1:
Customer shipping information is collected and validated once during profile creation, then stored for future use. This preliminary data entry ensures accuracy through initial verification while improving ease of operation by eliminating repetitive entry in subsequent transactions
Solution Approach 2:
The system automatically retrieves and populates shipping information from stored customer profiles during checkout, eliminating manual entry. The system self-services by automatically matching the customer's current session with their stored profile data, reducing errors from manual typing
3Extent of automation
If cryptocurrency transactions include delivery address specification, then automation capability is improved, but transaction complexity increases
Solution Approach 1:
The system combines payment transaction data with delivery address information into a single integrated cryptocurrency transaction structure. The delivery address is embedded within the transaction metadata, allowing automated processing of both payment and delivery information simultaneously without requiring separate communication channels
Solution Approach 2:
The patent introduces an intermediary layer (the specialized cryptocurrency client and merchant system) that automatically parses transaction data, extracts delivery addresses, and routes them to fulfillment systems. This intermediary handles the complexity of integrating delivery information into cryptocurrency transactions, shielding end users from the structural complexity
4Productivity
If customer profile information is pre-stored, then checkout speed is improved, but information security risks increase
Solution Approach 1:
The system uses cryptographic tokens and one-time use authentication mechanisms for stored profile information. Each transaction uses cryptographic verification that invalidates or expires the authentication credentials after use, reducing the window of opportunity for security breaches while maintaining fast checkout through automated retrieval
Solution Approach 2:
Customer profile information is stored in a cryptographically secure environment where data is encrypted and access requires multiple authentication factors. The stored information exists in an 'inert' cryptographic state that cannot be accessed or misused without proper authorization, reducing security risks while enabling fast automated retrieval for authenticated users
Data Source
AI summary
A method includes conveying a cryptocurrency transaction to a peer-to-peer network, wherein said cryptocurrency transaction having encoded therein an email address and to convey goods or services embodied in an electronic form to the email address in response to receipt of said cryptocurrency transaction on said peer-to-peer network. The conveying of goods or services includes transmitting over the Internet in conformance with an email protocol. The goods or services includes event admission tickets, music recordings, video, text, game content, live event broadcast, software, encryption keys or passwords.