Patents Assigned to SECURRENCY, INC.
  • Publication number: 20240127233
    Abstract: A method for ensuring digital wallet security by implementation of a blockchain locking mechanism operable to prevent unauthorized digital token transfer from an owner digital wallet to a third-party digital wallet upon issuance of a paper token certificate. The blockchain locking mechanism is implemented such that compromise of the digital wallet does not results in unauthorized transfer of digital assets. The blockchain locking mechanism utilizes an unlocking code required to transfer asserts from the owner digital wallet to any third-party digital wallet. The blockchain locking mechanism implements an additional security measure and introduces physical security measures to combat cyber security threats. The paper token certificate assures investors of the safety of their digital assets by removing the vulnerability of having a single private key controlling their digital assets.
    Type: Application
    Filed: April 24, 2023
    Publication date: April 18, 2024
    Applicant: Securrency, Inc.
    Inventor: George Daniel Doney
  • Patent number: 11954212
    Abstract: A method and apparatus for secured, peer-to-peer transfer of data rights over a computer network, the method being accomplished by a distributed computing system including a distributed ledger platform. Root rights are defined and delegated to wallets in a multilevel manner to thereby isolate wallets associated with the root right from cyber risk.
    Type: Grant
    Filed: June 10, 2021
    Date of Patent: April 9, 2024
    Assignee: SECURRENCY, INC.
    Inventor: George Daniel Doney
  • Patent number: 11876915
    Abstract: A method and apparatus for cryptographically linking separated authentication and authorization processes to support data transaction signing when group or corporate authority structures are required. The apparatus provides a secure, scalable model to represent authority in an entity context while conducting distributed ledger technology transactions. The method supports a range of cryptographic methods for separating the linked authentication and authorization processes including split key encryption, multi-party computation, multi-signature authorization, and execution of decentralized smart contract authorization logic. The method supports multiple models for authorization including organizational structures, consensus models including voting, and workflow processes.
    Type: Grant
    Filed: May 27, 2021
    Date of Patent: January 16, 2024
    Assignee: SECURRENCY, INC.
    Inventors: George Daniel Doney, Ihor Yermakov, Ilya Shkapo, Oleksii Korzhuk
  • Publication number: 20240005316
    Abstract: One of the drawbacks of Distributed Ledger Technology (DLT) is the conflation of authorization and authentication of transactions on a distributed ledger. The present invention includes a highly adaptable method and system for separating, but cryptographically linking, the authentication and authorization process of signing a transaction of a distributed ledger. The present invention facilitates group authority, common in corporate structures, for proposed transactions, voting models, and even workflow decision making. The present invention supports implementation of a variety of known authorization models into a decentralized network.
    Type: Application
    Filed: September 18, 2023
    Publication date: January 4, 2024
    Applicant: Securrency, Inc.
    Inventors: George Daniel Doney, Ihor Yermakov, Ilya Shkapo, Oleksii Korzhuk
  • Publication number: 20240005307
    Abstract: A method and apparatus for secured, peer-to-peer transfer of data rights over a computer network, the method being accomplished by a distributed computing system including a distributed ledger platform. Root rights are defined and delegated to wallets in a multilevel manner to thereby isolate wallets associated with the root right from cyber risk. Root rights are revokable and reassignable, where a root wallet is able to claw back authority delegated to one or more supervisory wallets.
    Type: Application
    Filed: September 18, 2023
    Publication date: January 4, 2024
    Applicant: Securrency, Inc.
    Inventor: George Daniel Doney
  • Publication number: 20240005409
    Abstract: A system and methods for creating and managing distributed ledger non-fungible token data structures that represent the liquidity function for any two distinct representations of assets. The representations may be different assets or a single asset type with different characteristics including ledger, network, jurisdiction, availability, etc. The liquidity function is the mechanism to transform or exchange the asset including the pricing function, fees, and delivery mechanism. The investment performance of the liquidity token can be proportional to the demand for liquidity for the pair of assets.
    Type: Application
    Filed: September 18, 2023
    Publication date: January 4, 2024
    Applicant: Securrency, Inc.
    Inventor: George Daniel Doney
  • Publication number: 20240007479
    Abstract: A framework for managing data on a decentralized network is disclosed. The framework is designed to manage two conflicting forces, openness and control, in order to provide scalable trust on trustless networks. To manage this conflict, a flexible, decentralized governance model is disclosed to enable any DLT user to create and manage data contexts, a virtual boundary for controlling data rights, meaning, and value so as to produce accountable, trusted data with full provenance. The framework does not need to determine who should be trusted, how the trust network forms, or how meaning is developed while providing a governance model by which any authorized user can contribute meaning (properties) and monetize attributable data (attestations).
    Type: Application
    Filed: September 18, 2023
    Publication date: January 4, 2024
    Applicant: Securrency, Inc.
    Inventor: George Daniel Doney
  • Publication number: 20240007329
    Abstract: A method and system for interfacing heterogenous computing networks to accomplish a cross-network that spans at least two networks and has a source node and a destination node. A graph structure is traversed to define a transaction path. The graph structure includes transaction nodes within transfer networks and bridges that span networks. Each node in the graph structure exists on a network and has an associated set of attribute variables that specify supported tokens. A bridge path defined by two nodes spanning two logical networks is determined. The source node and the destination node are also connected via one or more out of band network paths which are separate from the bridge path. Disclosed implementations link the speed and convenience of peer-to-peer conversion models with business-to-business trading channels using a ledger-agnostic overlay and computing architecture to enable value transfers and conversion spanning dissimilar digital communication networks.
    Type: Application
    Filed: September 18, 2023
    Publication date: January 4, 2024
    Applicant: Securrency, Inc.
    Inventors: George Daniel Doney, Dennis O'Connell
  • Publication number: 20230421543
    Abstract: A method and apparatus for secured, peer-to-peer transfer of data rights over a computer network, the method being accomplished by a decentralized computing system including a distributed ledger platform and an off-chain data host platform. A data owner authorizes the minting and distribution of an on-chain authorization token using the distributed ledger. The authorization token includes primary and secondary encryption levels to ensure secure data transfer. The authorization tokens are used to track data access rights, enforce access policies, and control distribution of encryption keys transferred between the data owner, an administrator, a recipient, and/or a delegate.
    Type: Application
    Filed: September 8, 2023
    Publication date: December 28, 2023
    Applicant: Securrency, Inc.
    Inventors: George Daniel Doney, Ihor Yermakov
  • Publication number: 20230359604
    Abstract: A Decentralized Trusted Control Plan (D-TCP) to provide a means to define object behaviors without the need for coding on a decentralized computing network. The D-TCP implements pluggable logic through a multitude of decentralized registries with pre-defined code snippets stored on a decentralized network. The D-TCP links the applicable code selected from the registries to create desired functionality while maintaining platform security and providing economic incentives for fostering growth of the multitude of decentralized registries.
    Type: Application
    Filed: July 20, 2023
    Publication date: November 9, 2023
    Applicant: Securrency, Inc.
    Inventor: George Daniel Doney
  • Publication number: 20230360042
    Abstract: A system and method for secured, multi-lateral, assured data transfer over a computer network for the assured exchange of data between counterparties related to qualifying transactions, the method being accomplished by a distributed computing system including a distributed ledger platform and an off-chain data host platform. On-chain authorization tokens are used to track data access rights, enforce access policies, and control distribution of encryption keys.
    Type: Application
    Filed: July 20, 2023
    Publication date: November 9, 2023
    Applicant: Securrency, Inc.
    Inventors: George Daniel Doney, Ihor Yermakov, Manuel Rensink
  • Publication number: 20230342849
    Abstract: An apparatus, computer-readable medium, and computer-implemented method to facilitate scalable compliance and issuer governance of decentralized financial transactions especially for the trade and transfer of tokenized securities. The resulting Compliance Aware Tokens contain the rulesets to restrict transactions and facilitate regulatory reporting and oversight. The embodied process, includes of a novel combination of compliance workflows, attribute verification tools, smart contracts and other ledger controls, provides a decentralized Attribute Based Access Control (ABAC) capability. ABAC patterns are extended to govern global financial transactions without the need for an active intermediary.
    Type: Application
    Filed: June 28, 2023
    Publication date: October 26, 2023
    Applicant: Securrency, Inc.
    Inventors: George Daniel Doney, Ihor Yermakov
  • Patent number: 11757639
    Abstract: A method and apparatus for secured, peer-to-peer transfer of data rights over a computer network, the method being accomplished by a distributed computing system including a distributed ledger platform and an off-chain data host platform. On-chain authorization tokens are used to track data access rights, enforce access policies, and control distribution of encryption keys.
    Type: Grant
    Filed: May 6, 2021
    Date of Patent: September 12, 2023
    Assignee: SECURRENCY, INC.
    Inventors: George Daniel Doney, Ihor Yermakov
  • Publication number: 20230281601
    Abstract: To achieve no code or low code parity in decentralized computing systems, disclosed implementations provide a data structure and trusted control plane that enables the creation and operation of composable objects, that is objects whose functions and properties are derived from configurable and upgradable templates. The templates are data structures that define the behavior of a collection of objects, the behaviors being the interfaces, functions, properties, events, triggers, error messages, and dependencies that define and object and its interaction with other objects and entities. Templates are configured by mapping the desired object behaviors to registered smart contract logic that affects the behaviors. Thus, complex objects can be composed without the need for new computer code. Additional logic to enable new behaviors can be added by authorized smart contract developers and, once certified, added to one or more templates to provide the objects access to the new capabilities.
    Type: Application
    Filed: February 22, 2022
    Publication date: September 7, 2023
    Applicant: SECURRENCY, INC.
    Inventor: George Daniel Doney
  • Patent number: 11710124
    Abstract: A method and apparatus for secured, multi-lateral, assured data transfer over a computer network for the assured exchange of data between counterparties related to qualifying transactions, the method being accomplished by a distributed computing system including a distributed ledger platform and an off-chain data host platform. On-chain authorization tokens are used to track data access rights, enforce access policies, and control distribution of encryption keys.
    Type: Grant
    Filed: March 24, 2021
    Date of Patent: July 25, 2023
    Assignee: SECURRENCY, INC.
    Inventors: George Daniel Doney, Ihor Yermakov, Manuel Rensink
  • Patent number: 11430066
    Abstract: An apparatus, computer-readable medium, and computer-implemented method for creating and managing a distributed ledger non-fungible token data structures that represent the liquidity function for any two distinct representations of assets. The representations may be different assets or a single asset type with different characteristics including ledger, network, jurisdiction, availability, etc. The liquidity function is the mechanism to transform or exchange the asset including the pricing function, fees, and delivery mechanism. The investment performance of the liquidity token can be proportional to the demand for liquidity for the pair of assets.
    Type: Grant
    Filed: April 29, 2020
    Date of Patent: August 30, 2022
    Assignee: Securrency, Inc.
    Inventor: George Daniel Doney
  • Publication number: 20220271936
    Abstract: A framework for managing data on a decentralized network is disclosed. The framework is designed to manage two conflicting forces, openness and control, in order to provide scalable trust on trustless networks. To manage this conflict, a flexible, decentralized governance model is disclosed to enable any DLT user to create and manage data contexts, a virtual boundary for controlling data rights, meaning, and value so as to produce accountable, trusted data with full provenance. The framework does not need to determine who should be trusted, how the trust network forms, or how meaning is developed while providing a governance model by which any authorized user can contribute meaning (properties) and monetize attributable data (attestations).
    Type: Application
    Filed: February 22, 2022
    Publication date: August 25, 2022
    Applicant: SECURRENCY, INC.
    Inventor: George Daniel Doney
  • Patent number: 11410235
    Abstract: An apparatus, computer-readable medium, and computer-implemented method to facilitate scalable compliance and issuer governance of decentralized financial transactions especially for the trade and transfer of tokenized securities. The resulting Compliance Aware Tokens contain the rulesets to restrict transactions and facilitate regulatory reporting and oversight. The embodied process, includes of a novel combination of compliance workflows, attribute verification tools, smart contracts and other ledger controls, provides a decentralized Attribute Based Access Control (ABAC) capability. ABAC patterns are extended to govern global financial transactions without the need for an active intermediary.
    Type: Grant
    Filed: September 26, 2018
    Date of Patent: August 9, 2022
    Assignee: Securrency, Inc.
    Inventors: George Daniel Doney, Ihor Yermakov
  • Publication number: 20220188810
    Abstract: To achieve no code or low code parity in decentralized computing systems, disclosed implementations provide a data structure and trusted control plane that enables the creation and operation of composable objects, that is objects whose functions and properties are derived from configurable and upgradable templates. The templates are data structures that define the behavior of a collection of objects, the behaviors being the interfaces, functions, properties, events, triggers, error messages, and dependencies that define and object and its interaction with other objects and entities. Templates are configured by mapping the desired object behaviors to registered smart contract logic that affects the behaviors. Thus, complex objects can be composed without the need for new computer code. Additional logic to enable new behaviors can be added by authorized smart contract developers and, once certified, added to one or more templates to provide the objects access to the new capabilities.
    Type: Application
    Filed: February 22, 2022
    Publication date: June 16, 2022
    Applicant: SECURRENCY, INC.
    Inventor: George Daniel Doney
  • Patent number: 11038718
    Abstract: A method and apparatus for providing communications between dissimilar computing networks, such as distributed ledger networks. A ledger-agnostic overlay network and computing architecture spans a range of digital communication networks including transaction only DLT networks like Bitcoin's DLT, smart contract based DLT like Ethereum, and also traditional centralized systems. Implementations communicate transaction information across heterogeneous jurisdictional boundaries, payment networks, banking systems, public and private distributed ledgers, internal corporate accounting systems, and exchanges.
    Type: Grant
    Filed: April 29, 2020
    Date of Patent: June 15, 2021
    Assignee: SECURRENCY, INC.
    Inventors: George Daniel Doney, Illya Shkapo