Patents by Inventor Amar Rajendra Tayade

Amar Rajendra Tayade 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).

  • Blockchain-based digital exchange platform with reduced latency and increased security and efficiency
    Patent number: 12211098
    Abstract: Systems and methods for executing a transaction with reduced latency and increased security and efficiency on a blockchain-based digital platform are provided. Methods may include establishing a first blockchain node associated with a first entity, identifying cross listed assets of the first entity, calculating an execution suitability index for each asset, selecting a target asset for liquidation, and establishing a second blockchain node associated with a second entity. Methods may also include receiving an agreement from the second entity to acquire the target asset from the first entity, recording the agreement on the blockchain, receiving an authorization from a financial institution to advance funds on behalf of the second entity to the first entity, transferring the funds from the financial institution to the first entity, recording the transfer of the funds on the blockchain, executing the acquisition of the target asset, and recording the acquisition of the target asset on the blockchain.
    Type: Grant
    Filed: March 30, 2022
    Date of Patent: January 28, 2025
    Assignee: Bank of America Corporation
    Inventors: Saurabh Uprit, Amar Rajendra Tayade
  • BLOCKCHAIN-BASED DIGITAL EXCHANGE PLATFORM WITH REDUCED LATENCY AND INCREASED SECURITY AND EFFICIENCY
    Publication number: 20230316397
    Abstract: Systems and methods for executing a transaction with reduced latency and increased security and efficiency on a blockchain-based digital platform are provided. Methods may include establishing a first blockchain node associated with a first entity, identifying cross listed assets of the first entity, calculating an execution suitability index for each asset, selecting a target asset for liquidation, and establishing a second blockchain node associated with a second entity. Methods may also include receiving an agreement from the second entity to acquire the target asset from the first entity, recording the agreement on the blockchain, receiving an authorization from a financial institution to advance funds on behalf of the second entity to the first entity, transferring the funds from the financial institution to the first entity, recording the transfer of the funds on the blockchain, executing the acquisition of the target asset, and recording the acquisition of the target asset on the blockchain.
    Type: Application
    Filed: March 30, 2022
    Publication date: October 5, 2023
    Inventors: Saurabh Uprit, Amar Rajendra Tayade