Edatanetworks Receives Approval for Five Additional Patents

Edatanetworks Inc. has recently announced that five additional patents have been approved by the United States Patent and Trademark Office (USPTO). These patents cover various aspects of technology such as artificial intelligence, augmented reality, and automated enrollment for merchant micro-donations to non-profit organizations.

One of the approved patents, 11,763,336, focuses on the use of artificial intelligence to establish customer segmentations with detailed consumer personas. This allows local businesses to target consumers with incentives that align with their community and philanthropic preferences.

Another approved patent, 17/728,193, utilizes rich tokenized transaction data to provide actionable insights, analytics, and intelligent decision-making for ecosystem participants. This enables the direction of merchant-driven micro-donations for local communities and charitable organizations, as well as offering valuable consumer insights for merchants.

Additionally, two other patents, 11,756,067 and 17/845,531, streamline the onboarding process for businesses in a marketplace through the use of multiple data sources and algorithms. These patents aim to simplify participation and reduce barriers for businesses to join the marketplace.

Lastly, patent 17/320,824 focuses on the use of algorithms to identify and display augmented reality advertisements based on behavior patterns and real-time transaction data. This provides merchants with a way to deliver targeted advertisements and measure their effectiveness.

Edatanetworks CEO Terry Tietzen believes that these patents can transform local small and medium businesses by providing actionable insights and a measurable return on marketing spend while also strengthening local communities.

Edatanetworks Inc. is a privately-held intellectual property company that was established in 2001. They have worked with numerous organizations and have deployed multiple patented innovations to connect consumers, local merchants, charitable and community organizations, and various other financial services organizations.

Sources:
– United States Patent and Trademark Office (USPTO)
– Business Wire

Definitions:

Artificial intelligence: The simulation of human intelligence in machines that are programmed to think and learn like humans.

Augmented reality: An enhanced version of reality created by the use of technology to overlay digital information onto an image of something.

Micro-donations: Small-scale donations made by individuals or businesses to support charitable causes or non-profit organizations.

Sources:

United States Patent and Trademark Office (USPTO)

Business Wire