Patents by Inventor Adam Olsen

Adam Olsen has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20240062189
    Abstract: A method for executing a transaction on a blockchain or other distributed ledger that enables a user holding only non-native tokens to execute the transaction. A backend wallet managed by a backend server maintains different native token types for different blockchain types and is used to execute the transaction on behalf of the user. The backend server then reconciles the cost with the user's own wallet.
    Type: Application
    Filed: August 17, 2023
    Publication date: February 22, 2024
    Inventors: Eric Parker, David Hurst, Brendan Wanlass, David Bland, Adam Olsen
  • Publication number: 20240062204
    Abstract: A method for executing a transaction on a blockchain or other distributed ledger that protects the user from other blockchain users attempting to front run or rerun an approved transaction. A backend server searches the blockchain for existing transactions that use the same approval.
    Type: Application
    Filed: August 17, 2023
    Publication date: February 22, 2024
    Inventors: Eric Parker, David Hurst, Brendan Wanlass, David Bland, Adam Olsen
  • Publication number: 20240062203
    Abstract: A method for executing a transaction on a blockchain or other distributed ledger that reduces transaction gas fees. A backend server estimates gas fees based on recent successful transactions and obtains user approval before submitting the transaction to blockchain.
    Type: Application
    Filed: August 17, 2023
    Publication date: February 22, 2024
    Inventors: Eric Parker, David Hurst, Brendan Wanlass, David Bland, Adam Olsen
  • Publication number: 20240062192
    Abstract: A method for using metadata to consolidate two transactions into one to execute a smart contract as a single transaction on a blockchain or other distributed ledger. Compared to the previous two-step smart contract execution process, this one-tap process (such as for staking an amount to a pool) allows specifying a predefined amount to execute instead of an exploitable infinite amount.
    Type: Application
    Filed: August 17, 2023
    Publication date: February 22, 2024
    Inventors: Eric Parker, David Hurst, Brendan Wanlass, David Bland, Adam Olsen
  • Patent number: 11907936
    Abstract: A method for securing a split private key (such as used with a cryptocurrency or other non-custodial electronic wallet) amongst a password, biometrics, and a social service. The process may use a sharding scheme such as Shamir's Secret Sharing to ensure that multiple key shards must be obtained before the entire private key can be obtained. The user may select the number of shards required to retrieve the private key thereby controlling the security of the account. An additional shard may be held on an encrypted server and allows for account recovery even while maintaining non-custodial ownership of the wallet.
    Type: Grant
    Filed: April 12, 2023
    Date of Patent: February 20, 2024
    Assignee: DefiQ, Inc.
    Inventors: Eric Parker, Ethan Parker, David Hurst, Brendan Wanlass, David Bland, Adam Olsen
  • Publication number: 20230325815
    Abstract: A method for securing a split private key (such as used with a cryptocurrency or other non-custodial electronic wallet) amongst a password, biometrics, and a social service. The process may use a sharding scheme such as Shamir's Secret Sharing to ensure that multiple key shards must be obtained before the entire private key can be obtained. The user may select the number of shards required to retrieve the private key thereby controlling the security of the account. An additional shard may be held on an encrypted server and allows for account recovery even while maintaining non-custodial ownership of the wallet.
    Type: Application
    Filed: April 12, 2023
    Publication date: October 12, 2023
    Inventors: Eric Parker, Ethan Parker, David Hurst, Brendan Wanlass, David Bland, Adam Olsen