Patents by Inventor Eiland Glover

Eiland Glover 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).

  • Patent number: 10346815
    Abstract: The system and method disclosed herein includes a family of distributed, self-regulating, asset-tracking cryptocurrencies using blockchain technology. One embodiment, such as a computer-implemented method, may include maintaining a stable value of an asset token relative to a value of an underlying target asset. Further, the computer-implemented method may include minting the asset token in variable quantities, applying stability fees or rewards in variable quantities, and obtaining market feedback to determine the variable quantities of fees to apply, rewards to issue, and asset tokens to mint. Market feedback may include a market price of the asset token and other data obtained from exchanges and oracles. Oracles may be used in certain embodiments to report prices and support smart contracts that aid in regulating price stability. A consensus mechanism may also be used to allow participants in the decentralized system to agree on the advancement blockchain data in an orderly way.
    Type: Grant
    Filed: September 24, 2018
    Date of Patent: July 9, 2019
    Assignee: Kowala Cayman SEZC
    Inventors: Eiland Glover, John W. Reitano
  • Publication number: 20190095880
    Abstract: The system and method disclosed herein includes a family of distributed, self-regulating, asset-tracking cryptocurrencies using blockchain technology. One embodiment, such as a computer-implemented method, may include maintaining a stable value of an asset token relative to a value of an underlying target asset. Further, the computer-implemented method may include minting the asset token in variable quantities, applying stability fees or rewards in variable quantities, and obtaining market feedback to determine the variable quantities of fees to apply, rewards to issue, and asset tokens to mint. Market feedback may include a market price of the asset token and other data obtained from exchanges and oracles. Oracles may be used in certain embodiments to report prices and support smart contracts that aid in regulating price stability. A consensus mechanism may also be used to allow participants in the decentralized system to agree on the advancement blockchain data in an orderly way.
    Type: Application
    Filed: September 24, 2018
    Publication date: March 28, 2019
    Inventors: Eiland Glover, John W. Reitano
  • Publication number: 20020042742
    Abstract: A system and method of rewarding customers is provided. Reward incentives in the form of equity in the seller are allocated to customers' accounts based on their purchasing activities. Purchase order records are periodically processed. Processing includes verification that requested equities are, available. It further includes aggregating the equity awards into larger lots that are then purchased in one or more buy transactions. The larger sized lots are then divided among the customer accounts from which the equity awards were taken. In this way orders may be processed without incurring relatively large transaction costs while allowing distribution of fractional amounts of equity shares. The method and apparatus of the present invention may be applied in particular in the context of an electronic commerce system.
    Type: Application
    Filed: August 23, 2001
    Publication date: April 11, 2002
    Inventors: Eiland Glover, Stuart R. Hogue