Patents by Inventor Joseph LATONA

Joseph LATONA 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: 20190197622
    Abstract: A method includes generating CUSIP unique identifiers that are embedded in each token of a tokenized asset offering that is blockchain-based. Cryptocurrency wallets associated with managing tokens can also each have a unique identifier. As an alternative trading system manages trades of tokens having unique identifiers with buyers and sellers having wallets with associated unique identifiers, a reporting of transaction data can be made to a transfer agent that is registered with the a regulatory agency. Separately recording transaction data from the data recorded on the blockchain can enable the transfer agent to be the arbiter of ownership. Having the transaction data stored by the transfer agent can reduce or eliminate the incentive to hacked security wallets, can enable audits, and can enable regulatory compliance when thresholds, such as a number of shareholders, are met.
    Type: Application
    Filed: February 25, 2019
    Publication date: June 27, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
  • Publication number: 20190188793
    Abstract: A method includes creating a seller escrow wallet. The seller escrow wallet only displays a content of the wallet, is non-custodial, maintains an ability to return tokens stored within the wallet to an original account via a request, transfers tokens purchased by the seller to the wallet, and utilizes a master wallet to facilitate a transfer of the tokens from the seller wallet to a buyer wallet associated with the buyer. Upon a sale of the tokens, the method includes moving the tokens from the seller wallet to the master wallet using addresses that identify at least one of the seller and the buyer, receiving a payment at the master wallet from the buyer for the tokens and upon receiving the payment at the master wallet, releasing the tokens to the buyer and transferring the payment to the seller.
    Type: Application
    Filed: February 25, 2019
    Publication date: June 20, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
  • Publication number: 20190080406
    Abstract: A method includes creating a seller escrow wallet. The seller escrow wallet only displays a content of the wallet, is non-custodial, maintains an ability to return tokens stored within the wallet to an original account via a request, transfers tokens purchased by the seller to the wallet, and utilizes a master wallet to facilitate a transfer of the tokens from the seller wallet to a buyer wallet associated with the buyer. Upon a sale of the tokens, the method includes moving the tokens from the seller wallet to the master wallet using addresses that identify at least one of the seller and the buyer, receiving a payment at the master wallet from the buyer for the tokens and upon receiving the payment at the master wallet, releasing the tokens to the buyer and transferring the payment to the seller.
    Type: Application
    Filed: September 10, 2018
    Publication date: March 14, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
  • Publication number: 20190080407
    Abstract: A method includes generating CUSIP unique identifiers that are embedded in each token of a tokenized asset offering that is blockchain-based. Cryptocurrency wallets associated with managing tokens can also each have a unique identifier. As an alternative trading system manages trades of tokens having unique identifiers with buyers and sellers having wallets with associated unique identifiers, a reporting of transaction data can be made to a transfer agent that is registered with the a regulatory agency. Separately recording transaction data from the data recorded on the blockchain can enable the transfer agent to be the arbiter of ownership. Having the transaction data stored by the transfer agent can reduce or eliminate the incentive to hacked security wallets, can enable audits, and can enable regulatory compliance when thresholds, such as a number of shareholders, are met.
    Type: Application
    Filed: September 10, 2018
    Publication date: March 14, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA, Joseph LATONA