US Patent Issued to American Express Travel Related Services on Feb. 24 for "Loyalty point distributions using a decentralized loyalty ID" (New Jersey, New York, Arizona Inventors)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,561,712, issued on Feb. 24, was assigned to American Express Travel Related Services Co. Inc. (New York).

"Loyalty point distributions using a decentralized loyalty ID" was invented by Calvin Chan (Mineola, N.Y.), Christopher Cracchiolo (Old Bridge, N.J.), Andras Ferenczi (Peoria, Ariz.) and Andrew Martin Baal Thomas (Jersey City, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A blockchain-based loyalty point distribution system may be configured to provide decentralized loyalty IDs. In one example, a system comprising a computing device that is configured to determine that a reward event has been initiated by a user and invoke executable code to d...