Patents by Inventor Michael B. Li

Michael B. Li 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).

  • Patent number: 11922402
    Abstract: Systems and methods are provided that authorize blockchain network transactions based on a work requirement. A blockchain network has a plurality of nodes. At least one node of the plurality of nodes is configured to determine whether a token has satisfied a work requirement. The work requirement represents participation of performing work within the blockchain network. The at least one node is further configured to approve a transaction as a function of determining that the work requirement has been satisfied and, to disapprove the transaction as a function of determining that the work requirement has not been satisfied. By enabling the transaction to be approved based on a work requirement, the token, for example, can be authenticated as having an inherent functional value. In this way, the blockchain network or token exchange can attest to the token not being a security, which would be subject to federal securities and regulations.
    Type: Grant
    Filed: August 11, 2022
    Date of Patent: March 5, 2024
    Assignee: FRONTAGE ROAD HOLDINGS, LLC
    Inventors: Josh Williams, Raymond A. Chiapuzio, Michael B. Li
  • Publication number: 20230118511
    Abstract: Systems and methods are provided that authorize blockchain network transactions based on a work requirement. A blockchain network has a plurality of nodes. At least one node of the plurality of nodes is configured to determine whether a token has satisfied a work requirement. The work requirement represents participation of performing work within the blockchain network. The at least one node is further configured to approve a transaction as a function of determining that the work requirement has been satisfied and, to disapprove the transaction as a function of determining that the work requirement has not been satisfied. By enabling the transaction to be approved based on a work requirement, the token, for example, can be authenticated as having an inherent functional value. In this way, the blockchain network or token exchange can attest to the token not being a security, which would be subject to federal securities and regulations.
    Type: Application
    Filed: August 11, 2022
    Publication date: April 20, 2023
    Inventors: Josh Williams, Raymond A. Chiapuzio, Michael B. LI
  • Patent number: 11468431
    Abstract: Systems and methods are provided that authorize blockchain network transactions based on a work requirement. A blockchain network has a plurality of nodes. At least one node of the plurality of nodes is configured to determine whether a token has satisfied a work requirement. The work requirement represents participation of performing work within the blockchain network. The at least one node is further configured to approve a transaction as a function of determining that the work requirement has been satisfied and, to disapprove the transaction as a function of determining that the work requirement has not been satisfied. By enabling the transaction to be approved based on a work requirement, the token, for example, can be authenticated as having an inherent functional value. In this way, the blockchain network or token exchange can attest to the token not being a security, which would be subject to federal securities and regulations.
    Type: Grant
    Filed: November 15, 2019
    Date of Patent: October 11, 2022
    Assignee: FORTE LABS, INC.
    Inventors: Josh Williams, Raymond A. Chiapuzio, Michael B. Li
  • Publication number: 20200160320
    Abstract: Systems and methods are provided that authorize blockchain network transactions based on a work requirement. A blockchain network has a plurality of nodes. At least one node of the plurality of nodes is configured to determine whether a token has satisfied a work requirement. The work requirement represents participation of performing work within the blockchain network. The at least one node is further configured to approve a transaction as a function of determining that the work requirement has been satisfied and, to disapprove the transaction as a function of determining that the work requirement has not been satisfied. By enabling the transaction to be approved based on a work requirement, the token, for example, can be authenticated as having an inherent functional value. In this way, the blockchain network or token exchange can attest to the token not being a security, which would be subject to federal securities and regulations.
    Type: Application
    Filed: November 15, 2019
    Publication date: May 21, 2020
    Inventors: Josh Williams, Raymond A. Chiapuzio, Michael B. Li
  • Patent number: 8959187
    Abstract: A network has clients and a server. The clients can discover and be discovered by each other. Discovery includes emitting requests to and acquiring identifying information from clients within a certain geographical range. A discovering client sends all identifying information to the server. The server includes client information database and topological map, comprised of nodes representing clients and edges indicating the discovery of one client by another. When the server receives identifying information from the discovering client, the server updates the topological map and determines which neighboring clients of the discovering client matches the match criteria of the discovering client. The server may determine a discovery schedule detailing which client should discover next. The server may send the match information and discovery schedule to the discovering client, discovered clients, or a third party. The server may also store this information.
    Type: Grant
    Filed: February 23, 2004
    Date of Patent: February 17, 2015
    Assignee: Apple Inc.
    Inventors: Michael B. Li, Gene Shehktman