Patents by Inventor John Wesley Welborn

John Wesley Welborn 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: 20230306513
    Abstract: An asset trading system utilizing a distributed ledger and configured to: when a creation request to create a digital fund token representing at least one share of a fund having a plurality of different assets (i) is received, (ii) is electronically signed with a private key associated with a first addressed account, and (iii) indicates a composition of the at least one share of the fund: place the plurality of different assets represented by the at least one share of the fund into an escrow account; create the digital fund token, wherein the digital fund token indicates the composition of the share of the fund; and record the creation of the digital fund token on a distributed ledger.
    Type: Application
    Filed: June 1, 2023
    Publication date: September 28, 2023
    Applicant: tZERO IP, LLC
    Inventors: Alec Wilkins, Robert Christensen, John Wesley Welborn, John Tabacco, Glen Nickle
  • Patent number: 11704733
    Abstract: An asset trading system utilizing a distributed ledger and configured to: when a creation request to create a digital fund token representing at least one share of a fund having a plurality of different assets (i) is received, (ii) is electronically signed with a private key associated with a first addressed account, and (iii) indicates a composition of the at least one share of the fund: place the plurality of different assets represented by the at least one share of the fund into an escrow account; create the digital fund token, wherein the digital fund token indicates the composition of the share of the fund; and record the creation of the digital fund token on a distributed ledger.
    Type: Grant
    Filed: December 30, 2016
    Date of Patent: July 18, 2023
    Assignee: tZERO IP, LLC
    Inventors: Alec Wilkins, Robert Christensen, John Wesley Welborn, John Tabacco, Glen Nickle
  • Publication number: 20180341945
    Abstract: A multi-level distributed ledger payouts computing system, comprising one or more computing devices programmed to: instantiate one or more operating environments for processing data structures stored in at least one computer readable storage medium having instructions stored thereon, which when executed by the at least one processor causes the multi-level payout system to: receive a request to perform a first action on a first digital wallet stored using a distributed ledger, wherein a second action to be performed on a second digital wallet stored using the distributed ledger is conditional on at least the first action; determine whether the first action meets a first condition; and when the first action meets the first condition, perform the second action on the second digital wallet.
    Type: Application
    Filed: May 26, 2018
    Publication date: November 29, 2018
    Inventors: John Wesley Welborn, Susan G. Park
  • Publication number: 20170109744
    Abstract: An asset trading system utilizing a distributed ledger and configured to: when a creation request to create a digital fund token representing at least one share of a fund having a plurality of different assets (i) is received, (ii) is electronically signed with a private key associated with a first addressed account, and (iii) indicates a composition of the at least one share of the fund: place the plurality of different assets represented by the at least one share of the fund into an escrow account; create the digital fund token, wherein the digital fund token indicates the composition of the share of the fund; and record the creation of the digital fund token on a distributed ledger.
    Type: Application
    Filed: December 30, 2016
    Publication date: April 20, 2017
    Inventors: Alec Wilkins, Robert Christensen, John Wesley Welborn, John Tabacco, Glen Nickle