Patents by Inventor Michail BRYNARD

Michail BRYNARD 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: 20150324764
    Abstract: A system and method of enabling a user to transact using cryptocurrency of a value defined in relation to a different medium of exchange or financial instrument is provided. In the method, a request to create a voucher having a face value remaining defined in relation to the medium of exchange or financial instrument is received. A voucher having key data being associated with a voucher cryptocurrency address holding a token amount of cryptocurrency included therein is generated. A transaction ledger is monitored to determine whether a redeeming transaction against the voucher address has occurred against a destination cryptocurrency address. Responsive to a redeeming transaction against the voucher address occurring, an additional amount of cryptocurrency is transferred to the destination address. The additional amount of cryptocurrency being calculated such that the sum of the token and additional amounts substantially matches a cryptocurrency equivalent of the face value of the voucher.
    Type: Application
    Filed: May 6, 2015
    Publication date: November 12, 2015
    Applicant: STELLENBOSCH UNIVERSITY
    Inventors: Gert-Jan VAN ROOYEN, Herman Arnold ENGELBRECHT, Helghardt AVENANT, Michail BRYNARD