eDataNetworks Inc. recently announced the approval of patents 18/110,726 and 18/143,842 by the United States Patent and Trademark Office (USPTO), which significantly strengthens the company’s intellectual property portfolio, particularly in the areas of micro-donations, broadcast advertising, and blockchain technology.
Patent 18/143,842 focuses on a cryptographically secure chain that uniquely labels transactions and uses role-based digital wallets that determine and record resulting donations across multiple synchronized blockchains. Donations facilitate the purchase of Internet of Things (IoT)-enabled systems, anonymously verifying the validity of donations using real-time usage data and providing accountability details to stakeholders.
Patent 18/110,726 analyzes tokenized purchase data to identify transactions resulting from targeted digital or broadcast advertising, such as ATSC 3.0. When such a match is identified, a microdonation is generated that the merchant funds for a local nonprofit organization.
Terry Tietzen, founder and CEO of eDataNetworks, highlighted his team’s continued innovation in leveraging digital commerce to support and sustain local communities. He noted that consistent recognition and recognition from the inventor community and the USPTO is a source of pride and honor for the company. Tietzen emphasized that these patents are further evidence of the growing value of the company’s strong intellectual property portfolio.
Promoting Micro-Donations with Blockchain Technology
eDataNetworks’ new patent represents a breakthrough in the field of micro-donations and blockchain. Patent 18/143,842 establishes a system that ensures a safe and transparent donation process. Using a cryptographically secure chain for unique transaction labeling, combined with role-based digital wallets, donations can be accurately and efficiently recorded across a synchronized blockchain. Not only does the system enhance the security and integrity of donation transactions, it also supports the purchase of IoT-enabled systems. These systems provide real-time usage data, verify the effectiveness of donations, and provide detailed accountability to stakeholders.
Integrating blockchain technology in this way marks a major step forward in ensuring transparency and trust in the donation process. By leveraging the decentralized nature of blockchain, eDataNetworks is able to provide 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 and micro-donations. The patent analyzes tokenized purchase data to identify transactions resulting from targeted advertising, such as those delivered through the ATSC 3.0 standard. Once a match is identified, the system provides a merchant-funded micro-donation to a local nonprofit. This innovative approach not only increases the effectiveness of advertising campaigns, but also provides tangible benefits to communities.
eDataNetworks creates a win-win scenario for businesses and local nonprofits by connecting successful advertising efforts with charitable donations. Retailers see the direct impact of their advertising dollars, and nonprofits benefit from increased funding. This model encourages businesses to invest in targeted advertising, knowing that their efforts support the local community.
The impact on digital commerce and community support
These patent approvals highlight 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 both businesses and nonprofits. By facilitating a secure, transparent and accountable donation process, eDataNetworks is setting a new standard in the industry.
Tietzen’s comments reflect the company’s enthusiasm to push the boundaries of digital commerce innovation. Recognition from the USPTO and the inventor community validates eDataNetworks’ approach and highlights the growing value of the company’s intellectual property portfolio. As the company continues to develop and implement these technologies, it is poised to have 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 a secure and transparent donation process and connecting targeted advertising with charitable giving. This innovative approach fosters community support through advanced digital commerce solutions, benefiting businesses and nonprofits. The USPTO’s recognition highlights the value of eDataNetworks’ intellectual property and its potential to revolutionize the industry.
