Blockchain based digital coupon processing system and related methods

A digital coupon processing server comprising:

• a processor and an associated memory configured to
• generate a digital coupon for a given product for purchase,
• cooperate with a blockchain server to generate, on a blockchain, a non-fungible token (NFT) associated with the digital coupon, the digital coupon redeemable toward the given product for purchase at a point-of-sale (POS) device and having a redeemable value,
• place the NFT into a redeemable account on the blockchain,
• assign a unique coupon identifier (UCI) to the NFT,
• communicate the digital coupon and UCI to a user device associated with a given shopper for redemption, and
• upon redemption of the digital coupon at the POS device,
• obtain the UCI from the given shopper, and
• determine if the NFT is on the redeemable account on the blockchain based upon the UCI, and when so, cooperate with the POS device to apply the digital coupon to the product for purchase by applying the redeemable value to a purchase of the given product for purchase at the POS device, and transfer the NFT to a non-redeemable account on the blockchain.

A method of processing a digital coupon comprising:

• using a digital promotion processing server to
• generate a digital coupon for a given product for purchase,
• cooperate with a blockchain server to generate, on a blockchain, a non-fungible token (NFT) associated with the digital coupon, the digital coupon redeemable toward the given product for purchase at a point-of-sale (POS) device and having a redeemable value,
• place the NFT into a redeemable account on the blockchain,
• assign a unique coupon identifier (UCI) to the NFT,
• communicate the digital coupon and UCI to a user device associated with a given shopper for redemption, and
• upon redemption of the digital coupon at the POS device,
• obtain the UCI from the given shopper, and
• determine if the NFT is on the redeemable account on the blockchain based upon the UCI, and upon determining the NFT is on the redeemable account, cooperate with the POS device to apply the digital coupon to the product for purchase by applying the redeemable value to a purchase of the given product for purchase at the POS device, and transfer the NFT to a non-redeemable account on the blockchain.

A non-transitory computer readable medium for processing a digital coupon, the non-transitory computer readable medium comprising computer executable instructions that when executed by a processor of a digital coupon processing server cause the processor to perform operations comprising:

• generating a digital coupon for a given product for purchase;
• cooperating with a blockchain server to generate, on a blockchain, a non-fungible token (NFT) associated with the digital coupon, the digital coupon redeemable toward the given product for purchase at a point-of-sale (POS) device and having a redeemable value;
• placing the NFT into a redeemable account on the blockchain;
• assigning a unique coupon identifier (UCI) to the NFT,
• communicating the digital coupon and UCI to a user device associated with a given shopper for redemption;
• and
• upon redemption of the digital coupon at the POS device,
• obtaining the UCI from the given shopper, and
• determining if the NFT is on the redeemable account on the blockchain based upon the UCI, and when so, cooperating with the POS device to apply the digital coupon to the product for purchase by applying the redeemable value to a purchase of the given product for purchase at the POS device, and transferring the NFT to a non-redeemable account on the blockchain.