Patents by Inventor Kevin McSheehan

Kevin McSheehan 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: 20190114707
    Abstract: Disclosed herein are system, method, and computer program product embodiments for introducing and removing blockchain based cryptocurrency tokens based on usage and demand for the cryptocurrency. An embodiment operates by transmitting, to a peer-to-peer network of computing devices configured to store a blockchain of processes, instructions for execution by one or more devices of the peer-to-peer network. The instructions comprise determining a rate of change associated with an exchange price of a cryptocurrency token. The instructions further include receiving an indication that a first amount of cryptocurrency tokens has been transferred to a recipient address of a plurality of addresses and generating a second amount of cryptocurrency tokens based on the first amount of cryptocurrency tokens that has been transferred and on the determined rate of change of the exchange price associated with the cryptocurrency token. The second amount of cryptocurrency tokens is allocated to the recipient address.
    Type: Application
    Filed: October 16, 2017
    Publication date: April 18, 2019
    Applicant: Shinestack LLC
    Inventors: Kevin McSheehan, Corey Jackson, Jevjenijs Steinbuks, Robert Forster, Greg Bailey