Utilities & Features

The Service Time protocol offers a wide range of utilities and features. A few of the novel utilities and features include:

Proof of Loyalty Consensus

A fundamental building block in the Service Time solution is its ability to identify loyal consumers who are willing to engage with independently owned businesses over an extended period. The Proof of Loyalty Consensus is a sub-system of algorithms, proprietary formulas, and variables that screens, ranks, and rates a consumer's loyalty based on several factors. This consensus will utilize both off-chain and on-chain analytics to determine a consumer's Loyalty Score. On-chain analytics may include factors such as a consumer wallet's reputation and wallet engagement in completing loyalty tasks. Off-chain analytics may consist of variables such as the level of detailed information provided, service experience feedback, and input from service providers. Together, these variables and loyalty formulas will converge to identify a consumer's potential for loyalty to engage with independently owned businesses.

Off-Peak Booking

Off-Peak Booking is a utility that instantly lets consumers view a service provider's off-peak calendar and book a service during that period using a blockchain token. This feature allows consumers to book a service reservation during an off-peak period by purchasing the respective subscription deal token. The service reservation calendar will be embedded in the tokenized asset.

Subscription Token

Subscription Tokens are utility features that enable service providers to convert their service deals into blockchain tokens and package each service into a subscription. After the conversion process (minting), the service deals become a tradeable real-world asset that can be consumed, resold, or auctioned. A purchase of a single Subscription Token entitles the buyer to receive the deal reservation for the entire subscription period at the same price and off-peak schedule.

AI Deal Management

AI Deal Management is an AI Integration tool dedicated to helping independent service providers interface their deals with their autonomous deal manager. These AI managers will help implement a flexible pricing strategy, where the price of a service fluctuates in real time or according to predefined intervals based on various market factors. The AI managers will analyze real-time data, including booking trends, pricing fluctuations, and client behavior, to provide actionable insights to service providers. By continuously examining market conditions and historical usage patterns, the AI Agent can optimize dynamic pricing for off-peak inventory deal tokens, ensuring prices remain competitive and maximizing revenue. It will help independent businesses respond to sudden shifts in market demand for their service deals.

Agental Resale Marketplace

Consumers and service providers can use our resale marketplace to resell or auction their unused service deals to other potential consumers. The resale marketplace is a secondary marketplace that offers additional e-commerce features and caters to consumers interested in purchasing a part or the entire unused subscription. Resellers will have access to AI Agents who can buy, sell, or auction individual unused deals or entire subscriptions on behalf of the reseller.

AI Agent Assistant

An Artificial Intelligence (AI) agent is a software tool that can autonomously learn, adapt, and perform tasks on behalf of a user (service provider or client) and the platform. The AI Agent plays a pivotal role in the proposed solution by assisting both the consumers and the deal providers respectively. Assistants will help consumers monitor the platform, looking for ways to generate an income stream. For example, a consumer agent could scan the platform to find new buyers for a deal token that the agent’s owner possesses. If successful, the agent can automatically execute the trade transaction without the owner's involvement. Similarly, deal providers will have a dedicated AI-assisting agent. The primary goals of including these AI agents into the proposed solution are to provide convenience, ease of use, and simplicity