Quotient Technology has been granted a patent for a computer-implemented method that improves the clearance of offers in coupon campaigns. The method involves using multiple blockchains to process payout transactions and ensure privacy between different entities involved in the campaign. The patent outlines the construction of private blockchains, receiving and modifying payout metadata, and posting payout transactions on the respective blockchains. GlobalData’s report on Quotient Technology gives a 360-degree view of the company including its patenting strategy. Buy the report here.
According to GlobalData’s company profile on Quotient Technology, dynamic premium pricing was a key innovation area identified from patents. Quotient Technology's grant share as of June 2023 was 1%. Grant share is based on the ratio of number of grants to total number of patents.
Coupon campaign implementation across multiple blockchains
A recently granted patent (Publication Number: US11645670B2) describes a computer-implemented method for implementing a coupon campaign across multiple blockchains. The method involves a coupon provider server constructing two private blockchains, one between the server and a computing device controlled by a first entity, and the other between the server and a computing device controlled by a second entity.
The method includes receiving payout metadata from the first computing device, which relates to a payment for a transaction associated with a coupon from the campaign. Based on this metadata, the method generates second payout metadata that de-sensitizes the payment information. The method then posts a payout transaction on each of the private blockchains, with the first computing device restricted from accessing the second blockchain and vice versa.
The patent also mentions the possibility of forming a multi-axis payout blockchain by writing one or more payout transactions on both blockchains. Additionally, the first and second payout blockchains can be distributed to nodes within separate distributed networks.
The patent further includes instructions for initializing the blockchains before receiving payout metadata, as well as instructions for posting a payout transaction on two distinct blockchains associated with the first entity and the coupon campaign. These distinct blockchains can be separate from the first and second payout blockchains or can be the same as them.
The patent also covers non-transitory computer-readable media storing program instructions for implementing the coupon campaign across multiple blockchains. These instructions can cause processors to execute the various steps described in the method.
In summary, this patent describes a method and system for implementing a coupon campaign across multiple blockchains, allowing for secure and restricted access to payout transactions. The use of private blockchains and de-sensitized metadata helps protect sensitive payment information. The patent also mentions the possibility of forming a multi-axis payout blockchain and distributing the blockchains to nodes within distributed networks.