Invention Grant
- Patent Title: System and method for a digital coin exchange
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Application No.: US17500438Application Date: 2021-10-13
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Publication No.: US11620669B2Publication Date: 2023-04-04
- Inventor: Ganapathy Subramanian Sundaram , Ian Patrick Bennett
- Applicant: Alef Edge, Inc.
- Applicant Address: US NJ Bernardsville
- Assignee: Alef Edge, Inc.
- Current Assignee: Alef Edge, Inc.
- Current Assignee Address: US NJ Bernardsville
- Agency: DLA Piper LLP (US)
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06Q30/0226 ; G06Q20/38 ; G06Q20/06 ; G06Q30/0241 ; G06Q20/36

Abstract:
Systems and methods for digital coin exchange. A digital coin platform receives a distribution request from an entity server comprising digital multimedia content associated with an entity. Digital coins are created responsive to the request. Each digital coin comprises a first coin associated with the entity and a second coin associated with consumers. The first and second coins are linked via linking information. The first coins are transferred to the entity server. A consumption request including the digital multimedia content is transmitted to a consumer device. Responsive to an indication that the content is at least partially consumed via the consumer device, one or more second coins are transferred to the consumer device. The digital coins and the transferred first and second coins are recorded. The transferred second coins permit the consumer device to perform transactions associated with the entity.
Information query