Patents by Inventor Peter M. Shannon, III
Peter M. Shannon, III 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).
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Publication number: 20230351386Abstract: A method executed by a computing entity includes establishing a set of required cryptography-authenticated public benefit asset information for subsequent selection of a set of public benefit credit assets based on a request to identify the set of public benefit credit assets. The method further includes identifying, using a securely passing process, a secure first token representing the set of public benefit credit assets based on the set of required cryptography-authenticated public benefit asset information. The method further includes establishing, using the securely passing process, control over the secure first token representing the set of public benefit credit assets on an object distributed ledger where only a device possessing control over the secure first token may modify the secure first token.Type: ApplicationFiled: June 30, 2023Publication date: November 2, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20230342765Abstract: A method executed by a computing entity includes obtaining control over a transaction token representing a first pending transaction associated with a transaction item. The method further includes selecting a set of selected public benefit credit assets from a group of candidate public benefit credit assets based on an identity of the transaction item and an associated credit level of each candidate public benefit credit asset of the group of candidate public benefit credit assets. The method further includes generating an updated secure first token in accordance with a securely passing process to represent the selection of the selected set of public benefit credit assets to subsequently provide conversion of the set of selected public benefit credit assets to complete the first pending transaction.Type: ApplicationFiled: June 30, 2023Publication date: October 26, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20230342766Abstract: A method executed by a computing entity includes establishing a set of cryptography-authenticated public benefit asset information for a selected set of public benefit credit assets of a set of candidate public benefit credit assets to generate the selected set of public benefit credit assets. The method further includes generating, using a securely passing process, a secure first token representing the selected set of public benefit credit assets based on the set of cryptography-authenticated public benefit asset information. The method further includes establishing, using the securely passing process, control over the secure first token representing the selected set of public benefit credit assets on an object distributed ledger where only a device possessing control over the secure first token may modify the secure first token.Type: ApplicationFiled: June 30, 2023Publication date: October 26, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20230188351Abstract: A method executed by a computing entity includes obtaining a transaction token representing a first pending transaction associated with a transaction item and establishing a set of required public benefit asset information for subsequent acquisition of a set of public benefit credit assets based on the first pending transaction. The method further includes identifying, using a securely passing process, a secure first token on an object distributed ledger representing the set of public benefit credit assets based on the set of required public benefit asset information. The method further includes establishing, in accordance with the securely passing process, control over the secure first token representing the set of public benefit credit assets to produce an updated secure first token, where only a device possessing control over the secure first token may modify the secure first token.Type: ApplicationFiled: February 2, 2023Publication date: June 15, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20230186386Abstract: A method executed by a computing entity includes identifying, using a securely passing process and based on at least one of a public benefit project type and a public benefit project geographic location of selection criteria for a set of public benefit credit assets, a secure first token on an object distributed ledger representing the set of public benefit credit assets. The method further includes establishing, using the securely passing process, control over the secure first token representing the set of public benefit credit assets, where only a device possessing control over the secure first token may modify the secure first token.Type: ApplicationFiled: February 2, 2023Publication date: June 15, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20230124708Abstract: A method executed by a computing entity includes obtaining, in accordance with a securely passing process, control over a secure first token representing a first pending transaction associated with a transaction item. The method further includes obtaining a selection of a first subset of instant assets of a set of candidate instant assets that may be utilized to subsequently provide conversion of credits of a set of selected public benefit assets to complete the first pending transaction. The method further includes generating an updated secure first token in accordance with the securely passing process to represent the selection of the first subset of instant assets of the set of candidate instant assets to subsequently provide the conversion of the set of selected public benefit assets to complete the first pending transaction.Type: ApplicationFiled: December 16, 2022Publication date: April 20, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20230082168Abstract: A method executed by a computing entity includes obtaining, in accordance with a securely passing process, control over a secure first token representing a first pending transaction associated with a transaction item. The method further includes obtaining a selection of a first subset of instant assets of a set of candidate instant assets that may be utilized to subsequently provide conversion of a selected carbon credit asset to complete the first pending transaction. The method further includes generating an updated secure first token in accordance with the securely passing process to represent the selection of the first subset of instant assets of the set of candidate instant assets to subsequently provide the conversion of the selected carbon credit asset to complete the first pending transaction.Type: ApplicationFiled: November 15, 2022Publication date: March 16, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20230026112Abstract: A method executed by a computing entity includes obtaining, in accordance with a securely passing process, control over a secure first token representing a first pending transaction associated with a transaction item. The method further includes obtaining a selection of a first subset of instant assets of a set of candidate instant assets that may be utilized to subsequently provide conversion of the selected contingent asset to complete the first pending transaction. The method further includes generating an updated secure first token in accordance with the securely passing process to represent the selection of the first subset of instant assets of the set of candidate instant assets to subsequently provide the conversion of the selected contingent asset to complete the first pending transaction.Type: ApplicationFiled: October 4, 2022Publication date: January 26, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20230020983Abstract: A method executed by a computing entity includes obtaining, in accordance with a securely passing process, control over a secure first token representing a first pending transaction associated with a transaction item. The method further includes obtaining, in accordance with an instant asset selection approach, a selection of a first instant asset of a set of candidate instant assets that may be utilized to subsequently provide conversion of the selected contingent asset to complete the first pending transaction. The method further includes generating an updated secure first token in accordance with the securely passing process to represent the selection of the first instant asset to subsequently provide the conversion of the selected contingent asset to complete the first pending transaction.Type: ApplicationFiled: September 14, 2022Publication date: January 19, 2023Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20220414649Abstract: A method for utilizing an object distributed ledger executed by a computing entity includes obtaining, in accordance with a securely passing process, control over a secure first pending transaction associated with a transaction item. The method further includes determining a set of candidate contingent assets for the secure first pending transaction based an identity of the transaction item, an identity of a requesting computing entity, and an authenticated value of the transaction item. The method further includes facilitating selection of at least one candidate contingent asset of the set of candidate contingent assets utilizing an asset selection approach to produce a set of selected contingent assets. The method further includes generating a non-fungible token (NFT) in accordance with the securely passing process to represent a corresponding set of smart contracts of the set of selected contingent assets in the object distributed ledger.Type: ApplicationFiled: August 17, 2022Publication date: December 29, 2022Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20220414670Abstract: A method executed by a computing entity includes interpreting digital records to produce a first digital record representing a first contingent asset. The method further includes interpreting a first authenticity indicator associated with the first digital record to produce a first contingent asset risk level. When the first contingent asset risk level is greater than a contingency risk threshold level, the method further includes establishing a set of first contingent asset available terms for a corresponding set of portions of the first contingent asset, generating a set of first smart contracts to represent the set of portions to include the set of first contingent asset available terms and a contingent status. The method further includes causing generation of a non-fungible token to represent the set of first smart contracts in an object distributed ledger.Type: ApplicationFiled: June 16, 2022Publication date: December 29, 2022Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20220343331Abstract: A method includes a computing entity interpreting digital records representing a multitude of contingent assets to produce a set of contingent asset sale requests. A first contingent asset of a first contingent asset sale request assigns a potential first liability of a first payer to a first seller. The method further includes interpreting a first authenticity indicator associated with the first contingent asset sale request to produce a first contingent asset risk level. When the first contingent asset risk level is greater than a contingency risk threshold level, the method further includes establishing first available terms for the first contingent asset based on the first contingent asset sale request, generating a first smart contract to indicate availability of the first contingent asset to include the first available terms, and causing generation of a non-fungible token to represent the first smart contract in an object distributed ledger.Type: ApplicationFiled: April 19, 2022Publication date: October 27, 2022Applicant: Rebate Assets, LLCInventors: Peter M. Shannon, III, Gary W. Grube
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Publication number: 20210241376Abstract: A method executed by a computing device includes determining to enhance a legacy asset base, determining an asset selection approach, and selecting a first augmenting asset to produce a first selected augmenting asset of selected assets. The method further includes splitting the first selected augmenting asset by reassigning a future time-estimated benefit payment of the first selected augmenting asset to a benefit entity and reassigning a portion of a first series of time-certain obligated payments of the first selected augmenting asset to a sponsor entity, such that a beneficial valuation elevation is created where a sum of a benefit net present value and a liability net present value is greater than a fair market value of the selected assets. The method further includes assigning a portion of the benefit entity to a legacy asset base to leverage the beneficial valuation elevation over direct utilization of the selected assets.Type: ApplicationFiled: April 23, 2021Publication date: August 5, 2021Applicant: 2BC Innovations, LLCInventors: Thomas H. Roth, Peter M. Shannon, III, Gary W. Grube, Gregory C. Vrablik
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Publication number: 20210241375Abstract: A method executed by a computing device includes determining to enhance a legacy asset base, determining an asset selection approach, and selecting a subset of augmenting assets to produce selected augmenting assets. The method further includes splitting each of the selected augmenting assets to produce an augmenting asset bundle by reassigning a portion of a future time-estimated benefit payment of each selected augmenting asset to a benefit entity and reassigning a portion of a series of time-certain obligated payments of each selected augmenting asset to a sponsor entity, such that a beneficial valuation elevation is created where a sum of a benefit net present value and a liability net present value is greater than a fair market value of the selected augmenting assets. The method further includes assigning the benefit entity to the legacy asset base to leverage the beneficial valuation elevation over direct utilization of the selected augmenting assets.Type: ApplicationFiled: April 23, 2021Publication date: August 5, 2021Applicant: 2BC Innovations, LLCInventors: Thomas H. Roth, Peter M. Shannon, III, Gary W. Grube, Gregory C. Vrablik
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Publication number: 20210192622Abstract: A method executed by a computing device includes determining to enhance a legacy asset base, determining an asset selection approach, and selecting a first augmenting asset to produce a first selected augmenting asset of selected augmenting assets. The method further includes splitting the first selected augmenting asset by reassigning a portion of a future time-estimated benefit payment of the first selected augmenting asset to a benefit entity and reassigning a first series of time-certain obligated payments of the first selected augmenting asset to a sponsor entity, such that a beneficial valuation elevation is created where a sum of a benefit net present value and a liability net present value is greater than a fair market value of the selected augmenting assets. The method further includes assigning the benefit entity to a legacy asset base to leverage the beneficial valuation elevation over direct utilization of the selected augmenting assets.Type: ApplicationFiled: March 5, 2021Publication date: June 24, 2021Applicant: 2BC Innovations, LLCInventors: Thomas H. Roth, Peter M. Shannon, III, Gary W. Grube, Gregory C. Vrablik
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Publication number: 20210192621Abstract: A method executed by a computing device includes determining to enhance a legacy asset base, determining an asset selection approach, and selecting a subset of augmenting assets to produce selected augmenting assets. The method further includes splitting each of the selected augmenting assets by reassigning a future time-estimated benefit payment of each selected augmenting asset to a benefit entity and reassigning a series of time-certain obligated payments of each selected augmenting asset to a sponsor entity, such that a beneficial valuation elevation is created where a sum of a benefit net present value and a liability net present value is greater than a fair market value of the selected augmenting assets. The method further includes assigning a first portion of the benefit entity to the legacy asset base to leverage the beneficial valuation elevation over direct utilization of the selected augmenting assets.Type: ApplicationFiled: March 5, 2021Publication date: June 24, 2021Applicant: 2BC Innovations, LLCInventors: Thomas H. Roth, Peter M. Shannon, III, Gary W. Grube, Gregory C. Vrablik
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Publication number: 20210133877Abstract: A method executed by a computing device includes determining to enhance a legacy asset base, determining an asset selection approach, and selecting a first augmenting asset to produce a first selected augmenting asset of selected augmenting assets. The method further includes splitting the first selected augmenting asset by reassigning a future time-estimated benefit payment of the first selected augmenting asset to a benefit entity and reassigning a first series of time-certain obligated payments of the first selected augmenting asset to a sponsor entity, such that a beneficial valuation elevation is created where a sum of a benefit net present value and a liability net present value is greater than a fair market value of the selected augmenting assets. The method further includes assigning a portion of the benefit entity to a legacy asset base to leverage the beneficial valuation elevation over direct utilization of the selected augmenting assets.Type: ApplicationFiled: January 12, 2021Publication date: May 6, 2021Applicant: 2BC Innovations, LLCInventors: Thomas H. Roth, Peter M. Shannon, III, Gary W. Grube, Gregory C. Vrablik
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Publication number: 20210133876Abstract: A method executed by a computing device includes determining to enhance a legacy asset base, determining an asset selection approach, and selecting a subset of augmenting assets to produce selected augmenting assets. The method further includes splitting each of the selected augmenting assets to produce an augmenting asset bundle by reassigning a portion of a future time-estimated benefit payment of each selected augmenting asset to a benefit entity and reassigning a series of time-certain obligated payments of each selected augmenting asset to a sponsor entity, such that a beneficial valuation elevation is created where a sum of a benefit net present value and a liability net present value is greater than a fair market value of the selected augmenting assets. The method further includes assigning the benefit entity to the legacy asset base to leverage the beneficial valuation elevation over direct utilization of the selected augmenting assets.Type: ApplicationFiled: January 12, 2021Publication date: May 6, 2021Applicant: 2BC Innovations, LLCInventors: Thomas H. Roth, Peter M. Shannon, III, Gary W. Grube, Gregory C. Vrablik
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Publication number: 20210082060Abstract: A method executed by a computing device includes determining an asset selection approach and selecting a first augmenting asset from available augmenting assets to produce a first selected augmenting asset of selected augmenting assets. The method further includes splitting the first selected augmenting asset by reassigning a portion of a future time-estimated benefit payment of the first selected augmenting asset to a benefit entity and reassigning a first series of time-certain obligated payments of the first selected augmenting asset to a sponsor entity, such that a beneficial valuation elevation is created where a sum of a benefit net present value and a liability net present value is greater than a fair market value of the selected augmenting assets. The method further includes assigning the benefit entity to a legacy asset base to leverage the beneficial valuation elevation over direct utilization of the selected augmenting assets.Type: ApplicationFiled: December 2, 2020Publication date: March 18, 2021Applicant: 2BC Innovations, LLCInventors: Thomas H. Roth, Peter M. Shannon, III, Gary W. Grube
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Publication number: 20210082059Abstract: A method executed by a computing device includes determining an asset selection approach for selecting a subset of available augmenting assets and selecting the subset of augmenting assets to produce selected augmenting assets. The method further includes splitting each of the selected augmenting assets to produce an augmenting asset bundle by reassigning a portion of a future time-estimated benefit payment of each selected augmenting asset to a benefit entity and reassigning a series of time-certain obligated payments of each selected augmenting asset to a sponsor entity, such that a beneficial valuation elevation is created where a sum of a benefit net present value and a liability net present value is greater than a fair market value of the selected augmenting assets. The method further includes assigning the benefit entity to a legacy asset base to leverage the beneficial valuation elevation over direct utilization of the selected augmenting assets.Type: ApplicationFiled: December 2, 2020Publication date: March 18, 2021Applicant: 2BC Innovations, LLCInventors: Thomas H. Roth, Peter M. Shannon, III, Gary W. Grube