EOS Developer Block.one Wins Patent for Incentivizing Positive Feedback on Blockchain-based Social Media Networks

Block.one, a Cayman Islands-registered software program firm that developed EOS, one of many largest blockchain-based platforms for constructing decentralized functions (dApps), has been engaged on a brand new social media platform, known as Voice.

Voice has been developed utilizing the EOS protocol and it goals to reward content material creators for making contributions to the platform.

As confirmed in a doc submitted on April 28, 2020 to the US Patent and Trademark Workplace, Block.one has been awarded a patent for a blockchain-enabled bidding technique that encourages customers to supply constructive and significant suggestions on social media networks.

Block.one had filed its patent utility again in Might of final yr.

As famous within the submitting, the software program writer goals to deal with main issues with present social media platforms. Particularly, Block.one plans to supply correct incentivization strategies for social media customers, which would come with higher methods to supply constructive suggestions equivalent to upvotes, feedback, and likes. This might assist enhance the standard of interplay on these platforms.

Block.one’s patent doc notes:

“A method that posts obtain affect is thru constructive neighborhood suggestions. Though a consumer who creates content material could obtain private acclaim and recognition by way of receiving constructive suggestions, these customers who present the constructive suggestions oftentimes obtain solely restricted publicity.”

Block.one has created a brand new bidding technique that goals to provide extra publicity to customers who are usually not the writer of the particular submit. The blockchain software program growth agency’s proposed system will confirm the authenticity of a submit by way of a DLT-based platform. This shall be achieved to make sure that the content material is definitely the unique work of the writer.

After this step, customers who could need to be related to the writer’s submit will be capable to bid on it with digital tokens handed out (as a reward or incentive) by the social media community. The consumer who locations the best bid could have their profile proven in a spot on the submit the place it could be simply noticeable (so it’s simpler for them to get recognition).

This manner, the customers who place profitable bids will get publicity by way of different customers’ weblog posts. This strategy ought to assist extra customers promote their very own pursuits on the Voice platform.

A blockchain-powered platform shall be used to retailer consumer information, the patent doc confirmed. Tokens generated by way of the bidding course of shall be given to the writer. A certain quantity of tokens can even be awarded to the earlier highest bidder and the administrator.

The doc added:

“As these expert within the artwork would notice, the described implementations could also be modified in numerous alternative ways, all with out departing from the scope of the current disclosure. Accordingly, the drawings and outline are to be thought to be illustrative in nature and never restrictive.”

Brendan Blumer, the CEO at Block.one, had first introduced the Voice social media venture again in June of final yr. Voice is presently in its non-public beta stage.