Methods and systems for regulating operation of units using encryption techniques associated with a blockchain

A method of exchanging units according to at least one encryption technique associated with a blockchain, comprising:

• maintaining a plurality of product awards accounts, wherein one product awards account of the plurality of product awards accounts is associated with a number of units;
• receiving a request for a gift transaction indicating the number of units associated with the one product awards account and comprising a redemption transaction request to exchange a redeemable item of value associated with one product awards program of one or more product awards programs for a redeemable unit;
• providing, based on the request, a gift option indicating an item of value exchangeable for the number of units, wherein the gift option is issued by the one or more product awards programs through an application programming interface associated with a processor;
• receiving a selection of the gift option;
• gifting, from the one product awards account to another product awards account of the plurality of product awards accounts, the number of units for the item of value to conduct the gift transaction;
• converting, using the blockchain, the number of units to the redeemable unit based on a real-time conversion rate regulated by at least one encryption technique;
• redeeming the redeemable unit to fulfill the redemption transaction request by combining redeemable units from a plurality of the one or more product awards programs;
• and
• entering, into the blockchain, data associated with the gift transaction that is encrypted according to at least one encryption technique and data associated with the redemption transaction that is encrypted according to at least one encryption technique, wherein the data associated with the redemption transaction comprises the redeemable unit or the item of value.

A computer readable medium storing instructions that, when executed by a processor, cause the processor to perform operations comprising:

• maintaining a plurality of product awards accounts, wherein one product awards account of the plurality of product awards accounts is associated with a number of units;
• receiving a request for a gift transaction indicating the number of units associated with the one product awards account and comprising a redemption transaction request to exchange a redeemable item of value associated with one product awards program of one or more product awards programs for a redeemable unit;
• providing, based on the request, a gift option indicating an item of value exchangeable for the number of units, wherein the gift option is issued by the one or more product awards programs through an application programming interface associated with the processor;
• receiving a selection of the gift option;
• gifting, from the one product awards account to another product awards account of the plurality of accounts, the number of units for the item of value to conduct the gift transaction;
• converting, using a blockchain, the number of units to the redeemable unit based on a real-time conversion rate regulated by at least one encryption technique;
• redeeming the redeemable unit to fulfill the redemption transaction request by combining redeemable units from a plurality of the one or more product awards programs;
• and
• entering, into the blockchain, data associated with the gift transaction that is encrypted according to at least one encryption technique and data associated with the redemption transaction that is encrypted according to at least one encryption technique, wherein the data associated with the redemption transaction comprises the redeemable unit or the item of value.