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Blockchain Loyalty System Tracks And Monetizes Time With Blockchain Technology

Dragonchain is a blockchain technology platform who has received a patent for a blockchain loyalty system. Time is tracked and monetized with the blockchain through the system. This is according to a document. An agency called the United States Patent and Trademark Office (USPTO) published the document on April 23, 2019.

The patent attorney of AEON Law Jonathan Olson said, “Tenure-based protocols elevate entities whose contributions have withstood scrutiny over time. They enTeable Dragonchain to allocate privileges wisely among diverse participants to minimize the need for sluggish subjective validation and thereby provide a quantum leap in administrative decision speed. The patent office approved our application with unusual speed. Dragonchain continues to expand its status as a primary nexus in blockchain innovation.”

The blockchain technology platform Dragonchain actually proposed a new mechanism called Dragon Days of Slumber Score (DDSS). DDSS is said to be a breakthrough in digital assets. It isn’t only said to be the breakthrough in the digital assets, but it is also said to be the breakthrough in loyalty rewards. The mechanism has Proof-of-Stake (PoS), Proof-of-Work (PoW), and Proof-of-Time (PoT). Tampering and manipulation can be resisted from bad actors. Time value can’t be replicated. This time value can’t just be replicated, but this time value can’t even be fluctuated.

Dragonchain is recognized as a technology leader. Blockchain-as-a-Service (BaaS) with security and scalability is provided through the platform. High performance and ease of use are combined through its public or private hybrid blockchain platform. Blockchain solutions can be developed and deployed in minutes. Empowering businesses with a solution called enterprise-grade blockchain solution is a goal of Dragonchain, PR Newswire reported.

The blockchain technology platform Dragonchain is located in Bellevue, Washington. Handling prevalent issues related to a wide range of industries is a purpose behind the design of the platform. It understands the needs of their customers, according to the official LinkedIn account of Dragonchain.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

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