Patents Assigned to Bitt Inc.
  • Publication number: 20240152884
    Abstract: A system includes at least a first computing device, at a financial institution, configured to generate a currency request and apply first-level signature(s) to the currency request. A minting request is generated from the currency request and the first-level signature(s). The system also includes at least a second computing device, at a currency management department, configured to apply second-level signature(s) to the minting request to generate a signed minting request. The system also includes a third computing device, at a director's office, configured to apply third-level signature(s) to the signed minting request. The system also includes a plurality of network nodes, implementing a distributed ledger, configured to verify the first-level signature(s), the second-level signature(s), and the third-level signature(s); and mint the digital currency when the first-level signature(s), the second-level signature(s), and the third-level signature(s) are successfully verified.
    Type: Application
    Filed: January 5, 2024
    Publication date: May 9, 2024
    Applicant: Bitt Inc.
    Inventors: Michael D. Ornelas, Kent Ortell Pollard Bull, Brad Welker, Darren Sessions, Kevin Kraig Steffensen, Haresh Richardson Singh
  • Patent number: 11887072
    Abstract: A system includes at least a first computing device, at a financial institution, configured to generate a currency request and apply first-level signature(s) to the currency request. A minting request is generated from the currency request and the first-level signature(s). The system also includes at least a second computing device, at a currency management department, configured to apply second-level signature(s) to the minting request to generate a signed minting request. The system also includes a third computing device, at a director's office, configured to apply third-level signature(s) to the signed minting request. The system also includes a plurality of network nodes, implementing a distributed ledger, configured to verify the first-level signature(s), the second-level signature(s), and the third-level signature(s); and mint the digital currency when the first-level signature(s), the second-level signature(s), and the third-level signature(s) are successfully verified.
    Type: Grant
    Filed: November 25, 2020
    Date of Patent: January 30, 2024
    Assignee: Bitt Inc.
    Inventors: Michael D. Ornelas, Kent Ortell Pollard Bull, Brad Welker, Darren Sessions, Kevin Kraig Steffensen, Haresh Richardson Singh
  • Publication number: 20210182806
    Abstract: A system includes at least a first computing device, at a financial institution, configured to generate a currency request and apply first-level signature(s) to the currency request. A minting request is generated from the currency request and the first-level signature(s). The system also includes at least a second computing device, at a currency management department, configured to apply second-level signature(s) to the minting request to generate a signed minting request. The system also includes a third computing device, at a director's office, configured to apply third-level signature(s) to the signed minting request. The system also includes a plurality of network nodes, implementing a distributed ledger, configured to verify the first-level signature(s), the second-level signature(s), and the third-level signature(s); and mint the digital currency when the first-level signature(s), the second-level signature(s), and the third-level signature(s) are successfully verified.
    Type: Application
    Filed: November 25, 2020
    Publication date: June 17, 2021
    Applicant: Bitt Inc.
    Inventors: Michael D. Ornelas, Kent Ortell Pollard Bull, Brad Welker, Darren Sessions, Kevin Kraig Steffensen, Haresh Richardson Singh