Patents by Inventor Franklin Bi

Franklin Bi 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).

  • Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system
    Patent number: 11270272
    Abstract: Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system are disclosed Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system are disclosed. According to one embodiment, in an information processing apparatus for a depositary entity comprising at least one computer processor, a method for managing asset or obligation-backed virtual receipts on a distributed system may include (1) receiving confirmation of a deposit of an underlying asset, wherein the deposit encumbers the underlying asset; (2) receiving authorization to issue a virtual receipt for the deposited underlying asset; and (3) executing issuance of the virtual receipt by writing the transaction to a distributed ledger.
    Type: Grant
    Filed: January 12, 2018
    Date of Patent: March 8, 2022
    Assignee: JPMORGAN CHASE BANK, N.A.
    Inventors: Christine Moy, Franklin Bi, Alex Dockx, David Shulman, Vincent Gasbarro, Paul Martin, Tyrone Lobban
  • SYSTEMS AND METHODS FOR MANAGEMENT OF ASSET OR OBLIGATION-BACKED VIRTUAL RECEIPTS ON A DISTRIBUTED SYSTEM
    Publication number: 20180204190
    Abstract: Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system are disclosed Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system are disclosed. According to one embodiment, in an information processing apparatus for a depositary entity comprising at least one computer processor, a method for managing asset or obligation-backed virtual receipts on a distributed system may include (1) receiving confirmation of a deposit of an underlying asset, wherein the deposit encumbers the underlying asset; (2) receiving authorization to issue a virtual receipt for the deposited underlying asset; and (3) executing issuance of the virtual receipt by writing the transaction to a distributed ledger.
    Type: Application
    Filed: January 12, 2018
    Publication date: July 19, 2018
    Inventors: Christine Moy, Franklin Bi, Alex Dockx, David Shulman, Vincent Gasbarro, Paul Martin, Tyrone Lobban