SYSTEM, METHOD, AND DECENTRALIZED APPLICATION FOR BLOCKCHAIN-BASED GAMBLING

Number of patents in Portfolio can not be more than 2000

United States of America

APP PUB NO 20200027315A1
SERIAL NO

16514850

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Abstract

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A system, method, and decentralized computer application may provide an efficient, distributed, immutable, and disintermediated infrastructure for offering and accepting wagers on sports, gambling, and public events using smart contracts, digital currency, digital currency wallets, and blockchains. One example method may comprise one or more of deploying a smart contract to a blockchain; displaying the smart contract's offered gambling odds related to real-world events in a front-end environment of a decentralized application; using the decentralized application to call functions of the smart contract to accept the offered gambling odds and to authorize transmissions of digital currency representing wagers; calculating commissions payable to the smart contract; retrieving data related to the subject matter of the wager using APIs and external oracle services; the smart contract determining which wagers were successful; and the smart contract transmitting digital currency to the digital wallets of users with winning wagers.

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Cotton, Justin D Atlanta, US 2 0

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