EDMONTON, AB, Jan. 31, 2023 /CNW/ – edatanetworks Inc. increases its intellectual property (IP) portfolio with an additional patent from the United States Patent and Trademark Office (USPTO). The USPTO approval of patent 16/446,728 enables the utilization of blockchain and Internet-of-Things (IoT) technology to drive community donations with verified impact.
“This patent builds on our IP portfolio of generating merchant-defined, consumer-directed donations from tokenized transaction data – at no cost to the consumer. Cryptographically secure chains provide for unique labeling of each transaction and donation through the incorporation of role-based digital wallets and multiple synchronized blockchains. The generated donation is used to purchase an Internet-of-Things (IoT) enabled system in which anonymous real-time usage information confirms the efficacy of the donations and provides accountability details that can be shared with the consumers and merchants,” said Chief Executive Officer, Terry Tietzen. “This further solidifies our IP’s core principle in which all donations are…
