MUMBAI, India, Sept. 22 -- Intellectual Property India has published a patent application (202311040869 A) filed by Hughes Systique Private Limited on June 15, 2023, for Decentralized Platform For B2b Collaboration In B2c Model Using Collaborative Differentiated Value (cdv) Tokens.
Inventors include Amit Gupta; and Sushant Jain.
The application for the patent was published on September 18, 2026, under issue no. 38/2026.
Abstract: A decentralized system comprises enterprises, a decentralized blockchain platform, smart contracts, and a mobile device. The enterprises are onboarded onto the decentralized blockchain platform and are provided with credit points for the consumers. Each enterprise registers on the decentralized blockchain platform using a smart contract including rules. User performs transactions with the enterprises and the credit points are computed based on the smart contract. An issuing enterprise transfers credit tokens to a blockchain account that is generated for the consumer, and the credit tokens are redeemable at a redeeming enterprise. A mobile application of the consumer authenticates a transaction at the redeeming enterprise. The redeeming enterprise provides a quick reference code, which the consumer scans using the mobile application and authenticates the transaction. The redemption is then exchanged for a differentiated value based on the smart contracts of the issuing enterprise and the redeeming enterprise.
Disclaimer: Curated by HT Syndication.
