Social Good Foundation Inc. Granted Cryptoassets Point Return System Patents

October 16th, 2019 09:00 AM Pacific Daylight Time

Social Good Foundation Inc. Granted Cryptoassets Point Return System Patents

The Social Good Foundation Inc. (Location: Tokyo, Japan, Soichiro Takaoka, Chief Executive Officer, herein referred to as SGF), was granted approval for their “Cyptoasset Point Return System” patents in Japan (patent registration numbers: 6590167 etc.), which utilize cryptoassets to support retail companies’ sales promotions.

As consumption tax increases and cashless payments become more popular, it is becoming an urgent issue for retail stores to develop promotional measures such as point systems, which are easy to use and price-effective for consumers. SGF’s point return system does not require any initial investment and there are no running costs for retailers. It works in a way that provides higher consumer benefits than cash and ordinary point return systems, and it attracts customers and contributes directly to sales. Their service was launched in March 2019 in cooperation with major international e-commerce sites, such as Amazon, Apple, eBay, and Alibaba.

Moving forward, the SGF will start to receive applications from retailers within Japan to use the cryptoasset point return system.

For details, please contact us here.

Press Release
Social Good Foundation Inc. Granted Cryptoassets Point Return System Patents