Patents Assigned to SECURRENCY, INC.
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Patent number: 11954212Abstract: 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: GrantFiled: June 10, 2021Date of Patent: April 9, 2024Assignee: SECURRENCY, INC.Inventor: George Daniel Doney
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Patent number: 11876915Abstract: 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: GrantFiled: May 27, 2021Date of Patent: January 16, 2024Assignee: SECURRENCY, INC.Inventors: George Daniel Doney, Ihor Yermakov, Ilya Shkapo, Oleksii Korzhuk
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Patent number: 11757639Abstract: 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: GrantFiled: May 6, 2021Date of Patent: September 12, 2023Assignee: SECURRENCY, INC.Inventors: George Daniel Doney, Ihor Yermakov
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Publication number: 20230281601Abstract: 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: ApplicationFiled: February 22, 2022Publication date: September 7, 2023Applicant: SECURRENCY, INC.Inventor: George Daniel Doney
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Patent number: 11710124Abstract: 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: GrantFiled: March 24, 2021Date of Patent: July 25, 2023Assignee: SECURRENCY, INC.Inventors: George Daniel Doney, Ihor Yermakov, Manuel Rensink
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Publication number: 20220271936Abstract: 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: ApplicationFiled: February 22, 2022Publication date: August 25, 2022Applicant: SECURRENCY, INC.Inventor: George Daniel Doney
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Publication number: 20220188810Abstract: 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: ApplicationFiled: February 22, 2022Publication date: June 16, 2022Applicant: SECURRENCY, INC.Inventor: George Daniel Doney
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Patent number: 11038718Abstract: 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: GrantFiled: April 29, 2020Date of Patent: June 15, 2021Assignee: SECURRENCY, INC.Inventors: George Daniel Doney, Illya Shkapo
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Publication number: 20200334752Abstract: An apparatus, computer-readable medium, and computer-implemented method for configuring computing systems to facilitate decentralized asset management for individual assets and composite assets such as funds. Implementations include smart contract interfaces to link fungible tokens to non-fungible asset tokens to decouple securities transaction logic and corporate functions from asset management to facilitate code reuse. Additionally, the embodied process uses token nesting to enable homogeneous or heterogeneous assets to be combined into a fund structure, and further for funds to be composed into fund of fund models. The flexible structure enables automation of fund management and is designed to facilitate broad investor access to innovative asset management strategies that leverage the disclosed structure.Type: ApplicationFiled: April 17, 2020Publication date: October 22, 2020Applicant: SECURRENCY, INC.Inventors: George Daniel Doney, Ihor Yermakov
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Publication number: 20190318427Abstract: An apparatus, computer-readable medium, and computer-implemented method for creating collateralized portfolios. A portfolio is a collection of income-producing assets. These income-producing assets are a derivative of primary sources such as real property. A portfolio is generated through transactions that exchange estimated asset value for liquid instruments in the portfolio. Asset valuation is determined through known pricing functions. Transaction elasticity is provided by liquid instruments (reserve funds and portfolio-owned shares) held in reserve in the portfolio's reservoir which provides a market smoothing function to gracefully adapt to changes in asset demand and risk. Each portfolio's reservoir is collectively owned by the shareholders; continuously replenishing itself with income generated by assets in the portfolio.Type: ApplicationFiled: April 22, 2019Publication date: October 17, 2019Applicant: SECURRENCY, INC.Inventor: George Daniel Doney
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Publication number: 20190244298Abstract: An apparatus, computer-readable medium, and computer-implemented method for creating collateralized portfolios. A portfolio is a collection of income-producing assets. These income-producing assets are a derivative of primary sources such as real property. A portfolio is generated through transactions that exchange estimated asset value for liquid instruments in the portfolio. Asset valuation is determined through known pricing functions. Transaction elasticity is provided by liquid instruments (reserve funds and portfolio-owned shares) held in reserve in the portfolio's reservoir which provides a market smoothing function to gracefully adapt to changes in asset demand and risk. Each portfolio's reservoir is collectively owned by the shareholders; continuously replenishing itself with income generated by assets in the portfolio.Type: ApplicationFiled: April 22, 2019Publication date: August 8, 2019Applicant: SECURRENCY, INC.Inventor: George Daniel Doney