Community Value Creating Local Digital Currency System
OwnerMichael H Gurininventor
Life of this patent
Estimating the term…
Abstract
A system and method for price adjustment as a function of time through control and comprehensive parametric calculation of business transactions and/or task execution, particularly by issuing local currency, based on a projected velocity of money within the community in which the transaction is taking place. Additionally, the system executes the transaction by controlling and incentivizing as a function of time and local impact score through local currency adjustment to maximize community gain including maximizing demand for local products.
Claims20
A transaction system that issues a local currency used in building a transaction occurring on a transaction day, comprising:
- at least one computing device wherein the at least one computing device interacts with a dynamic pricing engine whereby the dynamic pricing engine stores and executes program instructions executable in the at least one computing device, the dynamic pricing engine comprising:
- logic that prices the transaction based on a first currency and a second currency having associated therewith a pricing mechanism, the pricing mechanism being configured to establish a transaction price in the first currency whereby the first currency is a regional currency and whereby the second currency is a local currency;
- logic that determines whether a plurality of parameters and conditions associated with the second currency are fulfilled including a community established as a local community by an at least one of a business or a client community wherein the transaction is executed;
- and logic derived by the program instructions that builds the transaction at a price having both the first currency and the second currency whereby the second currency is based on a transaction community impact within the at least one of a business or a client community using the dynamic pricing engine further comprised of a controller in communication with an at least one database, a memory coupled to the controller configured to store program instructions executable by the controller wherein the controller selects an at least one database record from the at least one database to calculate and project the transaction community impact within the at least one of the business or the client community.
Dependencies are inferred from the claim text.