Virtual Currency Tagging for Accurate Revenue Attribution
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Solution Overview
Problem
Conventional methods for attributing revenue in gaming establishments fail to accurately recognize the original source of money contributed by players, leading to incorrect valuation of player contributions and unfair reward distribution, as they do not account for the player who initially deposited the money.
Innovation Solution
The implementation of a system that tags each unit of currency with an identifier of the original depositor, allowing for accurate tracking and crediting of revenue contributions, even if the money is wagered by other players, using variants such as Opponent's Chips On Top (OCOT), Mixed Chips From Pot (MCFP), Player's Chips On Top (PCOT), and Player's Chips Don't Count (PCDC) methods.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If conventional revenue attribution methods are used, then the system is simple to operate, but the measurement precision of player contribution valuation is poor
Solution Approach 1:
The patent segments the currency into discrete units, each tagged with an identifier of the original depositor. This segmentation allows the system to track the provenance of each currency unit independently, enabling accurate attribution of revenue to original depositors even when the currency changes hands multiple times through wagering activities.
Solution Approach 2:
The patent introduces an intermediary tagging mechanism that links currency units to original depositors. This intermediary identifier acts as a mediator that preserves the connection between current currency holders and original depositors, allowing accurate revenue attribution without requiring direct tracking of all transaction chains.
2Reliability
If the original depositor tracking system is implemented, then the reward distribution becomes fair, but the device complexity increases
Solution Approach 1:
The patent applies preliminary action by tagging currency units with original depositor identifiers at the moment of deposit, before any wagering activities occur. This advance tagging ensures that the connection between currency and original depositor is established upfront, enabling fair and accurate reward distribution later without requiring complex real-time analysis of transaction histories.
3Loss of information
If conventional attribution methods are used, then the system requires less data storage, but the information accuracy about revenue sources is lost
Solution Approach 1:
The patent extracts the essential information needed for revenue attribution by tagging each currency unit with only the critical identifier of the original depositor. This extraction approach retains the necessary revenue source information while minimizing data storage requirements, avoiding the need to store complete transaction histories or other extraneous data.
Data Source
AI summary
In accordance with some embodiments, methods and systems provide for tagging an amount of virtual currency with a source identifier that identifies the player who originally deposits the virtual currency with an online gaming establishment. Thereafter, as the tagged virtual currency is used for wagering, and fragmented into smaller units as sub-amounts of it are wagered and lost to other players, the tag comprising the source identifier persists or is generated and associated anew with each such sub-unit as the sub-amount of virtual currency is moved to virtual wagering stacks of other players. This allows for crediting the player who originally deposited virtual currency with the online gaming establishment for revenue to the gaming establishment as the virtual currency is wagered (whether by the originally depositing player or subsequent players who win the virtual currency so tagged and then re-wager it on subsequent game events).