Patent Filed for Blockchain-Backed Environmental Credit Scoring System Amidst Coronavirus Outbreak
Mar 13, 2020
Maher Abdelsamie, Ph.D., recently applied for another patent, after securing a patent in 2019
MARLTON, United States - March 13, 2020 /MarketersMedia/ —
MARLTON, NJ (March 13, 2020) – Dr. Maher Abdelsamie has announced the filing of a patent application for blockchain-backed methods and systems for environmental credit scoring. This application is not Abdelsamie’s first foray into climate tech. Last year, the U.S. Patent and Trademark Office (USPTO) issued patent no. 10,325,270 titled “Methods and Systems for Environmental Credit Scoring” and approved Abdelsamie’s Patent Prosecution Highway (PPH) petition after receiving a fully favorable International Search and Written Opinion (ISR/WO) following his PCT patent application.
“The new filing pertains to methods and systems comprising encrypting and storing individuals' and businesses' environmental activity data and other information on the blockchain,” said Abdelsamie when asked about the nature of his patent. Speaking about the unique nature of blockchain and its effect on the environment, he further stated, “A blockchain is an immutable, secure and distributed ledger that can enable multiple parties to transfer, track and exchange information or currency. There is a distinction between Bitcoin that uses proof of work consensus mechanism and other energy-efficient blockchains that use different consensus mechanisms in terms of energy consumption. Additionally, every product and service offered by the partners of the Environmental Credit Scoring System ECSS must be accompanied by a verified environmental product declaration.”
“Blockchain has taken the business world by storm. I believe that the crypto-economic properties of the blockchain-backed ECSS can change the way people think about environmental protection. Individuals will be incentivized based on their environmental activities. The implementation of the ECSS will also create employment opportunities for qualified individuals worldwide.”
This recent patent filing is particularly significant in light of the imminent climate change crisis. "There is a global panic over the Coronavirus (COVID-19), and many countries are taking measures to prevent the spread of COVID-19, such as suspending flights and banning travel. Climate change is already affecting the geographic, seasonal distribution and incidence of infectious diseases globally. As climate change causes are increasing, the rate of health problems and other effects associated with climate change increases. So, why don’t we panic about climate change?” said Abdelsamie when asked about the timing of his patent filing. We have less than 10 years left to prevent irreversible damage, and no ecosystem on Earth is safe from climate change. The implementation of the ECSS will help protect the future of humanity on the planet by boosting demand for verified environmentally friendly products and services.
Regarding the implications of this patent application, Dr. Maher Abdelsamie said:
“The implementation of the ECSS will create competition between product and service providers aimed at protecting the future of humanity on the planet and help them market their products and services worldwide by boosting the demand for environmentally friendly products and services. The greater the consumer demand for environmentally friendly products and services, the greater the incentive will be for entrepreneurs to enter the market. This in turn will help product and service providers adjust their business plans to become more environmentally friendly. The blockchain-backed ECSS will create opportunities for individuals, governmental entities, businesses, nonprofits and other entities to join forces to protect the environment, while also serving their own self-interests.”
An Environmental Credit Score represents the environmental footprint of an individual, business, or other entity based on their verified environmental activities. This score can be used in many decision-making areas. For example, it can be used by universities in making admission, scholarship and award decisions; similar to community service requirements. The score could also become a factor in hiring decisions and landlord-tenant decisions.
About Maher Abdelsamie
Dr. Maher holds a doctorate degree (Ph.D.) from the Universiti Putra Malaysia, Malaysia and a bachelor’s degree in Agricultural Sciences from Minia University, Egypt. Born in Egypt, Abdelsamie currently resides in the U.S.
LinkedIn: https://www.linkedin.com/in/maherabdelsamie/
Contact Info:
Name: Maher Abdelsamie
Email: Send Email
Organization: -------------------------
Website: http://www.maherabdelsamie.com
Source: MarketersMedia
Release ID: 88949769
More News
27 Theme Park Essentials That’ll Make You Feel Like The Most Prepared Person There
Before you walk thousands of steps, sweat your off, and ride allllll the roller coasters, stock up on these products. View Entire Post ›
Hotel Review: Lanson Place Mall of Asia – Tranquility Amid the Bustle
An understated address near Manila’s airport exceeds expectations The post Hotel Review: Lanson Place Mall of Asia – Tranquility Amid the Bustle appeared first on Business Traveller.
Does hot lemon and ginger cola really help with cold and flu symptoms?
Hot lemon and ginger cola is a uniquely Hong Kong drink. A few slices of ginger are heated in cola until boiling, then the mixture is poured into a glass and topped with a few fresh lemon slices. While some older-style restaurants or traditional Hong Kong-style cha chaan teng cafes still serve it, it is usually an off-menu item, known only to older Hongkongers. The drink is widely believed to help cure colds and flu. But does it really? The TCM perspective Ginger is a warming rhizome and a...
Style Edit: Max Mara’s new K11 Musea store gets a stunning Hong Kong skyline installation
When Angela Yuen first tried on a Max Mara coat, her instinct was to take it apart. “I found it magical how perfectly it carried any woman’s silhouette,” says the Hong Kong artist, “which made me wonder about the secrets hidden within its paper pattern.” That curiosity became Interwoven Shadows, the installation marking the opening of Max Mara’s new boutique at K11 Musea on the Tsim Sha Tsui waterfront. On view outside the store until the end of December, it centres on a translucent acrylic...
Style Edit: Rolex celebrates centenaries of CHI Geneva show jumping and the Oyster watch
Precisely 100 years ago, history was made in Geneva, Switzerland – twice. Lovers of equestrian excellence were treated to the first ever edition of the Concours Hippique International de Genève, better known as CHI Geneva, a highlight of the annual show-jumping calendar to this day. For lovers of fine horology, meanwhile, 1926 brought a development of equal magnitude: the birth, in Rolex’s ateliers, of the Oyster: the legendary waterproof, screw-down case that came to define modern...
Chinese high jewellery: how Feng J, Anna Hu and Michelle Ong are fusing styles
It is easy to imagine that Claude Monet, the French Impressionist acclaimed for the paintings of his gardens at Giverny, would have been captivated by the ethereal landscape of West Lake in Hangzhou, where Feng J chose to stage her 10th anniversary solo exhibition in the Manao Temple. Feng J has long been influenced by the artist in the impressionistic way she sets her rose-cut gemstones like dabs of watercolour in overlapping layers on her nature-inspired jewels. “My first encounter with Monet,...
How K-hiking is reaching new heights as tourists flock to Seoul’s urban mountain trails
Eighteen international hikers from diverse backgrounds gather outside exit 1 of Gwanaksan station to kick off the three-week “2026 Seoul Hiking Week: Autumn”. Their objective for day 1 is to climb Mount Hoam, one of the peaks on the larger Mount Gwanak in southern Seoul, an “extreme course” route designed to showcase the South Korean capital’s rugged urban terrain. Running until November 15, Seoul Hiking Week is centred around three mountains in the city: Mount Bukhan, Mount Bugak and Mount...
Guns on Amtrak Trains? A Workers Union Is Up in Arms.
A new policy would allow firearms to be brought on passenger cars, as opposed to being locked in baggage cars. A union leader called it “sheer lunacy.”
Future You Will Be So Happy To Have These 27 Products On Your Next Cruise
Just here to help you fight seasickness, stay protected from the sun, and have the best time ever on your next cruise. View Entire Post ›
Washington Dulles Opens Its First New Concourse in Nearly 20 Years
Washington Dulles opens its $745 million Concourse E with 14 United Airlines gates, a massive new lounge and improved passenger facilities, as the airport undertakes an ambitious $20 billion redevelopment program. The post Washington Dulles Opens Its First New Concourse in Nearly 20 Years appeared first on Business Traveller.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.