ZEKTO Registers On-Chain Payment Technology Patent… Connecting QR Codes and Blockchain Wallets
ZEKTO, a stablecoin payment infrastructure company, announced on the 18th that it has completed the registration of a patent for on-chain payment technology that connects various visual codes, including QR codes, with external blockchain wallets.
Through this, ZEKTO explained that it has secured intellectual property rights for payment technology to be used in actual commerce, following its earlier patent for stablecoin operation technology.
According to the company, the newly registered patent is titled 'Wallet-Based On-Chain Payment Method and System Using Visual Codes', and is focused on transforming digital asset remittances into a payment process that can be used in actual commercial transactions. Visual codes encompass not only QR codes but also all camera-readable one-dimensional and two-dimensional codes, including barcodes and data matrices.
When a visual code containing recipient, amount, and order information appears on a merchant's POS, kiosk, or online payment screen, users scan it with an external wallet to execute an on-chain payment. The smart contract processes asset transfers only when the consistency between the payment request and the actual transaction is verified. Electronic signatures are used to detect forgery and tampering, while random values and expiration periods prevent the reuse of expired payment requests.
ZEKTO had previously secured a patent for automating the issuance, collateral management, and liquidity adjustment of collateral-backed stablecoins.
ZEKTO has also formed a business alliance with BDACS and LK Ventures — the operator of the self photo booth brand 'Life4Cuts' — centered on the pilot introduction of a payment system. On October 1st at Korea Blockchain Week (KBW), the KRW1 Korean won stablecoin issued by BDACS will be integrated into the Life4Cuts payment environment, and the entire process from payment requests to approval, cancellation and refunds, and merchant settlement will be verified using SSDA.
"With this patent, consumers can use digital assets as naturally as a QR payment without being aware of whether it involves blockchain or not, and merchants can also manage it within their existing payment environment. We look forward to industry partner and merchant cooperation to jointly lead the proof-of-concept for real payment adoption."
Lee Yu-jin, CEO of ZEKTO
Reporter: Hwang Chi-gyu / Source: DigitalToday
※ This article has been translated from the original using AI. The original article published in Korean is the authoritative source.
Original article (DigitalToday): 젝토, 온체인 결제 기술 특허 등록...QR코드 등과 블록체인 지갑 연결 →
ZEKTO Registers On-Chain Payment Technology Patent… Connecting QR Codes and Blockchain Wallets
ZEKTO, a stablecoin payment infrastructure company, announced on the 18th that it has completed the registration of a patent for on-chain payment technology that connects various visual codes, including QR codes, with external blockchain wallets.
Through this, ZEKTO explained that it has secured intellectual property rights for payment technology to be used in actual commerce, following its earlier patent for stablecoin operation technology.
According to the company, the newly registered patent is titled 'Wallet-Based On-Chain Payment Method and System Using Visual Codes', and is focused on transforming digital asset remittances into a payment process that can be used in actual commercial transactions. Visual codes encompass not only QR codes but also all camera-readable one-dimensional and two-dimensional codes, including barcodes and data matrices.
When a visual code containing recipient, amount, and order information appears on a merchant's POS, kiosk, or online payment screen, users scan it with an external wallet to execute an on-chain payment. The smart contract processes asset transfers only when the consistency between the payment request and the actual transaction is verified. Electronic signatures are used to detect forgery and tampering, while random values and expiration periods prevent the reuse of expired payment requests.
ZEKTO had previously secured a patent for automating the issuance, collateral management, and liquidity adjustment of collateral-backed stablecoins.
ZEKTO has also formed a business alliance with BDACS and LK Ventures — the operator of the self photo booth brand 'Life4Cuts' — centered on the pilot introduction of a payment system. On October 1st at Korea Blockchain Week (KBW), the KRW1 Korean won stablecoin issued by BDACS will be integrated into the Life4Cuts payment environment, and the entire process from payment requests to approval, cancellation and refunds, and merchant settlement will be verified using SSDA.
Reporter: Hwang Chi-gyu / Source: DigitalToday
※ This article has been translated from the original using AI. The original article published in Korean is the authoritative source.
Original article (DigitalToday): 젝토, 온체인 결제 기술 특허 등록...QR코드 등과 블록체인 지갑 연결 →