Patent published on July 11, 2023

New Patent from Ouraring Enables Seamless Transactions Using Smart Devices

The future of transactions is here, thanks to Ouraring's new patent US11699143B1. The patent promises to revolutionize the way we use smart devices for transactions.

Near field communication (NFC) has been around for a while now, enabling us to make payments with a simple tap or swipe of our credit cards or smart devices. But with the introduction of the COVID-19 pandemic, it has become increasingly important to find ways to make transactions both safe and easy.

Ouraring's new patent looks to solve this issue by introducing a two-way transceiver that can communicate with two different smart devices at different distances. This transceiver is then able to receive an identifier from a nearby device, and then process the payloads from either device, depending on the identifier.

The greatest benefit of this patent lies in its ability to reduce contact between two devices. With traditional NFC transactions, a user needs to physically touch the NFC reader device with their smart device. This introduces a risk of pathogens being transferred between the two. Ouraring's new patent reduces this risk by allowing the two devices to communicate at a distance.

In addition, this new patent also offers improved transaction speeds. The use of two-way communication between the two devices means that transactions can be completed quickly, as data can be sent back and forth between the devices with ease.

The implications of this patent extend beyond just payments. For example, it could be used in various other applications such as security access control, ticketing, or even authentication. In these cases, the device would be able to detect the presence of a user and confirm their identity without the need for any physical contact. This could be incredibly useful in areas which require secure access, such as airports, or any other public places.

When it comes to the practicality of this patent, there is still no guarantee that it will make its way into the market. But the potential for this technology to revolutionize how we use smart devices for transactions is undeniable.

To conclude, Ouraring's new patent US11699143B1 is a promising development in the world of NFC, and could provide both secure and efficient transactions in the future. The potential applications of this technology are vast, and it will be interesting to see if it will make its way into the market and become a part of our everyday lives.

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