jiffythorn last edited by | Tip jiffythorn
Just wanted to comment on the Local type acceptance ,
I know in areaâ€s that use cell phones heavy , are in need of a Lite Android Wallet…
I have done some thinking and research on the Physical Coupon Ideaâ€¦.
I like the Coupon Idea instead of calling it a Physical Printed Wallet like most areâ€¦
I like the idea of using the Public Key to check on a Couponâ€s Value…
and to avoid fake coupons. The creator of the coupon would hold the private key (Value of the coupon) of course their LOGO, ADD (Business, etc.) would connect it to them. There would then be a PIN issued with the coupon. My research so far shows to keep it low in Characters , but we want it to remain secure. So I have seen 8 to 12 Characters as secure.
Now the reason for the PIN is to avoid Duplication. When someone uses the coupon at a place of business, trade, etc. The person receiving the coupon would be able to check the pin to verify coupon is valid, can check Public Key to verify value, then is either given, generated, or makes up new pin / writes on coupon, the coupon is now passed on and claimed by that person. The old PIN now is void and will not validate the couponâ€¦
This process could either be part of Block Chain, or Coupon Creator/Issuer has to put up way to do validate and verify Public Key and PIN (also change of pin) â€¦
PIN idea from http://kilowattcards.com/
Glad to see all the motivation behind this coinâ€¦