Patents by Inventor Michael A. Riddle

Michael A. Riddle 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: 20220172195
    Abstract: A blockchain enabled electronic futures trading system and method provided which allows for optional computerized delivery of cryptocurrency. A trade determination system allows a buyer and seller computer system to trade a future on a cryptocurrency such as bitcoin. Additionally, the trade determination system communicates with a central clearing computer system that allows the seller to provide, using the block chain, an amount of bitcoin equal to or greater than the underlying future by transferring the bitcoin from a seller bitcoin wallet associated with the seller computer system to a central clearing bitcoin wallet associated with the central clearing computer system. Upon the expiration date of the future, the seller may optionally select to provide to the buyer the bitcoin that was previously transferred to the central clearing bitcoin wallet instead of fiat currency. Additionally, the future may be associated with an upper boundary price and a lower boundary price.
    Type: Application
    Filed: October 22, 2021
    Publication date: June 2, 2022
    Inventors: Donald R. Wilson, JR., Joel D. Nordell, David Z. Werblowsky, Michael A. Riddle, Joseph McGlawn, Matthew Trudeau, Ian Grieves