Distributed e-commerce system using a tokenized proof-of-position (tpp)
OwnerTorbjor Anderson, Per Andersoninventors
Life of this patent
Estimating the term…
Loading patent…
OwnerTorbjor Anderson, Per Andersoninventors
Estimating the term…
Described is a distributed e-commerce system using a tokenized proof-of-position (TPP) that operates within a blockchain. The blockchain includes a plurality of nodes that, in the aggregate, allow for operation of an e-commerce store through smart contracts that issue customer, funder, and affiliate TPPs. An item ordered is represented as a TPP in combination with a smart contract that holds the customer's funds in an escrow until the customer's TPP is canceled or redeemed for the product. Funders can provide liquidity to a store, if needed, to produce the product for the consumer for a return on their investment paid directly from the funds in escrow when the customer TPP is redeemed. Separately, affiliates can market the product and receive a TPP representing their commission on the sale. Redemption of the respective TPP results in shipment of the product, payment of the funder's investment, or payment of the affiliate commission.
A distributed e-commerce system using a tokenized proof-of-position (TPP), comprising:
A computer program product for a distributed e-commerce system using a tokenized proof-of-position (TPP), the computer program product comprising:
A computer implemented method for a distributed e-commerce system using a tokenized proof-of-position (TPP), the method comprising acts of:
Dependencies are inferred from the claim text.