System for and method of engaging residents and property owners and providing residents with an ownership stake in real estate
AssigneeSeed InvestCo, LLC
InventorsRandy Etheredge, Sam Peskin, Daniel Dorfman, Larry Dorfman
Life of this patent
Estimating the term…
Abstract
A system and method is provided for enabling a first party to provide awards to a second party in exchange for the second party completing one or more challenges, for example, over a predetermined period of time, thereby incentivizing the second party to complete challenges, actions, tasks, or steps over predetermined periods of time in exchange for the first party providing awards.
Claims20
A system for enabling a first party to provide awards to a second party in exchange for the second party completing one or more challenges over one or more predetermined periods of time, comprising:
- a provider platform comprising one or more servers, each server including one or more processors and one or more non-transitory computer-readable storage mediums storing instructions that, when executed, cause the processors to:
- receive, via a second party portal executed on a second party computing device, submissions from the second party comprising evidence of completion of one or more assigned challenges;
- process the submissions using one or more assessment algorithms to verify completion of the challenges;
- calculate and allocate awards to the second party based on verified challenge completion and engagement metrics;
- provide an interface for the first party to create, assign, and monitor challenges, set reward parameters, and fund awards;
- integrate with one or more investment platforms to enable the second party to invest earned awards in financial instruments;
- and
- generate and display dashboards and reports for the first and second parties showing at least one of challenge status, reward history, or investment growth, or a combination thereof.
A computer-implemented method for incentivizing a second party to complete one or more challenges over a predetermined period of time in exchange for awards from a first party, the method comprising:
- receiving, by a provider platform, challenge assignments from the first party specifying at least one or more required actions, tasks, or steps, or a combination thereof, and associated rewards;
- notifying the second party of assigned challenges via a second party portal;
- receiving evidence of challenge completion from the second party;
- verifying completion of the challenge using automated or manual review;
- calculating and allocating awards to the second party based on challenge completion and engagement metrics;
- enabling the second party to invest allocated awards in one or more investment vehicles via an integrated platform;
- and
- updating one or more dashboards or reports, or a combination thereof, accessible to at least one of the first and second parties, or a combination thereof, to monitor at least one of engagement, challenge completion rates, or investment growth, or a combination thereof.
A platform for facilitating award-based challenges between a first party and a second party, comprising:
- a first party portal configured to allow the first party to at least one of create, manage, or monitor challenges, or a combination thereof, set reward parameters, or fund awards, or a combination thereof;
- a second party portal configured to allow the second party to view at least one of available challenges, track progress, submit evidence of completion, or claim rewards, or a combination thereof;
- a challenge engine configured to at least one of schedule, track, or verify, or a combination thereof, completion of challenges over one or more predetermined periods;
- a reward engine configured to at least one of calculate, allocate, or distribute awards, or a combination thereof, based on at least one of challenge completion or engagement metrics, or a combination thereof;
- integration with investment platforms to enable the second party to invest earned rewards;
- and
- data analytics and reporting modules configured to generate one or more dashboards or reports, or a combination thereof, for monitoring at least one of engagement, challenge completion, or investment growth, or a combination thereof.
Dependencies are inferred from the claim text.