Implementation of a loyalty program and exchange system utilizing a blockchain

Abstract

A method of implementing a reward program and exchange system utilizing a blockchain comprising executing a reward transaction between a first party and a second party; the first party presenting a mobile device to the second party, the mobile device storing a blockchain ledger; the second party executing a permission routine requesting permission to add a reward transaction block to the blockchain ledger; if the permission routine grants permission to add a reward transaction block to the blockchain ledger, then generating a new reward transaction block as a function of a previous reward transaction block and the reward transaction being executed between the first party and the second party; adding the new reward transaction block to the blockchain ledger; and synchronizing the blockchain ledger with the second party.

Dependencies are inferred from the claim text.