Gamified Microtask Platform StormX Gets Approval for Micro Payment Patent from the USPTO
Micro-task firm, StormX has recently revealed the news that the United States Patent and Trademark Office (USPTO) has approved their request for a patent for micro payments. The goal of the patent is to supposedly enhance the “gamified micro-task innovator’s reward system,” reports CryptoSlate.
Storm is excited to announce our first blockchain patent from the USPTO! Read about our on chain off chain hybrid solution to serve the micro payment space in blockchain. @Storm_Token $storm #blockchain #micropayments #gigeconomy https://t.co/QUtFuJbSA3
— Storm Play (@StormPlayApp) May 12, 2019
As for the reward system, users have the ability to earn cryptocurrency via their Storm Play application, where users can play games, and complete tasks provided by the likes of,
“Airbnb, Uber, Instacart and NexonM.”
Despite StormX’s effort in offering as many rewards as possible, they have experienced technical difficulties in actually sending out the rewards. As per CryptoSlate, StormX used the Bitcoin network, but due to its scalability concerns, the firm had to switch to the Ethereum network. This led StormX to create its native token, Storm Token, which uses a hybrid solution.
When it comes to the patent itself, StormX filed for it as a way to handle larger user numbers. Here’s what has been shared in terms of the filing:
“StormX’s proposed method included several ways of configuring transistor-based circuitry to obtain off-chain batch evaluations. This allows the company to batch evaluations of all the tasks completed by its users in a way that enables faster and more efficient on-chain batch data distribution.”
CEO of StormX, Simon Yu has since expressed gratitude in the approval of the patent, as he sees this as a confirmation that the firm is going in the right direction. He further highlighted the need for scalable solutions, which is a major concern for dealing with micropayments. Here’s as per Yu’s words:
“As awesome as it was, the current blockchain solutions had not allowed micro payments to be efficient at scale and support our 2.5+ million users who have earned through our app. With this, we can continue driving for mass user adoption and expand Gigs and the Storm ecosystem.”