Patents by Inventor Suresh Nichani

Suresh Nichani 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: 12165136
    Abstract: Disclosed is a method and system for managing life cycle of a tokenized real asset in a Blockchain-based ecosystem 100. The asset tokens of the real asset are put up for sale on a token issuance platform 118 and the proceeds from the sale are distributed to the asset owner, etc. The listing of asset tokens in the Blockchain-based ecosystem 100 requires project consensus which involves participation of key stakeholders who own utility tokens to participate in the community decision making. The asset tokens are then subjected to trading and maintenance which includes maintaining money flow corresponding to the real asset, selling the asset tokens by the asset token holders via an asset token exchange 808, and settlement of rewards to asset token holders via a settlement engine 810. Upon the end-of-term of the real asset, the asset tokens are terminated, and exit is enabled from the Blockchain-based ecosystem 100.
    Type: Grant
    Filed: May 15, 2020
    Date of Patent: December 10, 2024
    Inventor: Suresh Nichani
  • Publication number: 20230116401
    Abstract: Provided is a method and system for valuation and collateralization of illiquid assets in a Blockchain-based ecosystem. A price oracle system is implemented as a valuation, risk and DeFi layer that runs on top of a DeFi protocol. A live data feed engine interfaces with multiple real-world data sources to connect meaningful data to influence asset values and processes these into the correct format for a valuation engine. A valuation engine accesses real-time data feeds from the live data feed engine and a risk engine. The risk engine is a real-time risk matrix and analysis tool using machine learning algorithms that weigh a real asset and produce a risk-formatted readout for the valuation engine. The valuation engine works through real-time balancing of input and defines the price of an asset as output and communicates with a price oracle to produce real asset prices on the Blockchain.
    Type: Application
    Filed: October 12, 2022
    Publication date: April 13, 2023
    Inventor: Suresh Nichani
  • Publication number: 20220222657
    Abstract: Disclosed is a method and system for managing life cycle of a tokenized real asset in a Blockchain-based ecosystem 100. The asset tokens of the real asset are put up for sale on a token issuance platform 118 and the proceeds from the sale are distributed to the asset owner, etc. The listing of asset tokens in the Blockchain-based ecosystem 100 requires project consensus which involves participation of key stakeholders who own utility tokens to participate in the community decision making. The asset tokens are then subjected to trading and maintenance which includes maintaining money flow corresponding to the real asset, selling the asset tokens by the asset token holders via an asset token exchange 808, and settlement of rewards to asset token holders via a settlement engine 810. Upon the end-of-term of the real asset, the asset tokens are terminated, and exit is enabled from the Blockchain-based ecosystem 100.
    Type: Application
    Filed: May 15, 2020
    Publication date: July 14, 2022
    Inventor: Suresh Nichani