Seattle startup StormX granted patent for micropayment distribution technology

StormX, a popular gamified microtask platform based in Seattle, has recently patented innovative micropayments technology that allows for better scalability by creating a hybrid solution of off and on chain transactions using bolts and Storm Token, the company said in a press release shared with CryptoSlate.

StormX, Inc., the blockchain-powered adtech and gamified micro-task innovator, has recently patented an innovative micropayments technology that will allow the company to improve its rewards app.

Despite the app catching on fast, the company experienced issues when sending out payments to users, as the Bitcoin network it was based on had scaling issues.

While the hybrid solution allowed the company to process over a million transactions a month, issues with Ethereum's scalability hindered the app's full potential.

Last year, company executives told CryptoSlate that it was exploring more ways to integrate Storm Play with distributed ledger technology.

In March 2018, StormX filed a patent with the United States Patent and Trademark Office, detailing a new method of operating a data distribution system when dealing with a large number of participants.

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.

"We're excited the hard work into developing this technology was officially recognized by the US Patent Office. Since 2014, when we were able to send two-tenths of a penny to users half way across the world with minimal fees, we realized the potential of blockchain technology. 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."

The USPTO officially published StormX's participant-configurable batch content transfer patent on May 7th, adding to its list of innovative patents filed by crypto companies.

The company plans on using the technology to grow its user base and provide better and more varied services that will create a whole new way of job advancement.