eDataNetworks Inc. recently announced the approval of patents 18/110,726 and 18/143,842 by the United States Patent and Trademark Office (USPTO). This approval significantly bolsters the company’s intellectual property portfolio, particularly in the areas of micro-donations, broadcast advertising, and blockchain technology.
Patent 18/143,842 focuses on cryptographically secure chains that uniquely label transactions and employ role-based digital wallets. These wallets determine and record resulting donations across multiple synchronized blockchains. The donations facilitate the purchase of an Internet-of-Things (IoT) enabled system, which uses real-time usage data to anonymously verify the effectiveness of the donations while providing accountability details to stakeholders.
Patent 18/110,726 involves analyzing tokenized purchase data to identify transactions resulting from targeted digital or broadcast advertisements, such as ATSC 3.0. When such matches are identified, they generate merchant-funded micro-donations for local non-profit organizations.
Terry Tietzen, Founder and Chief Executive Officer of eDataNetworks, emphasized the continuous innovation of their team in using digital commerce to support and sustain local communities. He noted the consistent validation and acceptance from the inventor community and the USPTO as a source of pride and honor for the company. Tietzen highlighted that these patents further demonstrate the increasing value of their robust intellectual property portfolio.
Advancing Micro-Donations with Blockchain Technology
eDataNetworks’ new patents introduce groundbreaking advancements in the micro-donation and blockchain space. Patent 18/143,842 establishes a system that ensures secure and transparent donation processes. The use of cryptographically secure chains for unique transaction labeling, coupled with role-based digital wallets, facilitates accurate and efficient recording of donations across synchronized blockchains. This system not only enhances the security and integrity of donation transactions but also supports the purchase of IoT-enabled systems. These systems provide real-time usage data, confirming the effectiveness of donations and offering detailed accountability to stakeholders.
The integration of blockchain technology in this manner represents a significant step forward in ensuring transparency and trust in the donation process. By leveraging the decentralized nature of blockchain, eDataNetworks is able to offer a more reliable and accountable donation system, benefiting both donors and recipients.
Enhancing Advertising with Tokenized Purchase Data
Patent 18/110,726 focuses on the intersection of digital and broadcast advertising with micro-donations. This patent involves the analysis of tokenized purchase data to identify transactions that result from targeted advertisements, such as those delivered through the ATSC 3.0 standard. When a match is identified, the system generates merchant-funded micro-donations for local non-profit organizations. This innovative approach not only enhances the effectiveness of advertising campaigns but also provides a tangible benefit to the community.
By connecting successful advertising efforts with charitable contributions, eDataNetworks creates a win-win scenario for businesses and local non-profits. Merchants can see the direct impact of their advertising spend, while non-profits benefit from increased funding. This model encourages businesses to invest in targeted advertising, knowing that their efforts will support local communities.
Impact on Digital Commerce and Community Support
The approval of these patents underscores eDataNetworks’ commitment to leveraging digital commerce for the benefit of local communities. The company’s innovative use of blockchain technology and targeted advertising creates new opportunities for businesses and non-profits alike. By facilitating secure, transparent, and accountable donation processes, eDataNetworks is setting a new standard in the industry.
Tietzen’s comments reflect the company’s dedication to pushing the boundaries of digital commerce innovation. The recognition from the USPTO and the inventor community validates eDataNetworks’ approach and highlights the increasing value of its intellectual property portfolio. As the company continues to develop and implement these technologies, it is poised to make a significant impact on the way digital commerce supports local communities.
Conclusion
eDataNetworks Inc. has taken a major step forward with the approval of patents 18/110,726 and 18/143,842. These patents enhance the company’s blockchain and micro-donation technology, providing secure and transparent donation processes and linking targeted advertising with charitable contributions. This innovative approach benefits businesses and non-profits, promoting community support through advanced digital commerce solutions. The recognition from the USPTO underscores the value of eDataNetworks’ intellectual property and its potential to revolutionize the industry.