Patents by Inventor Thomas Chippas

Thomas Chippas 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).

  • Electronic Trading and Settlement System For Blockchain-Integrated Cryptographic Difficulty-Based Financial Instruments
    Publication number: 20220343425
    Abstract: A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using physical delivery of the underlying cryptocurrency. The cryptographic difficulty-based financial instruments are based on an expected value including the predetermined reward per block of cryptocurrency, a predetermined hashrate, a predetermined financial instrument length, the predetermined nonce value of the underlying cryptocurrency, and the current difficulty level employed by the underlying cryptocurrency, and may vary as the difficulty level varies. The clearinghouse settlement system calculates daily variation margin in valuation of the financial instrument and provides for physical delivery of the underlying cryptocurrency to satisfy the variation margin.
    Type: Application
    Filed: July 5, 2022
    Publication date: October 27, 2022
    Inventors: Matthew Trudeau, Joseph McGlawn, Thomas Chippas
  • Electronic trading and settlement system for blockchain-integrated cryptographic difficulty-based financial instruments
    Patent number: 11436677
    Abstract: A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using physical delivery of the underlying cryptocurrency. The cryptographic difficulty-based financial instruments are based on an expected value including the predetermined reward per block of cryptocurrency, a predetermined hashrate, a predetermined financial instrument length, the predetermined nonce value of the underlying cryptocurrency, and the current difficulty level employed by the underlying cryptocurrency, and may vary as the difficulty level varies. The clearinghouse settlement system calculates daily variation margin in valuation of the financial instrument and provides for physical delivery of the underlying cryptocurrency to satisfy the variation margin.
    Type: Grant
    Filed: December 9, 2020
    Date of Patent: September 6, 2022
    Assignee: ERIS DIGITAL HOLDINGS, LLC
    Inventors: Matthew Trudeau, Joseph McGlawn, Thomas Chippas
  • Electronic Trading and Settlement System For Blockchain-Integrated Cryptographic Difficulty-Based Financial Instruments
    Publication number: 20210174442
    Abstract: A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using physical delivery of the underlying cryptocurrency. The cryptographic difficulty-based financial instruments are based on an expected value including the predetermined reward per block of cryptocurrency, a predetermined hashrate, a predetermined financial instrument length, the predetermined nonce value of the underlying cryptocurrency, and the current difficulty level employed by the underlying cryptocurrency, and may vary as the difficulty level varies. The clearinghouse settlement system calculates daily variation margin in valuation of the financial instrument and provides for physical delivery of the underlying cryptocurrency to satisfy the variation margin.
    Type: Application
    Filed: December 9, 2020
    Publication date: June 10, 2021
    Inventors: Matthew Trudeau, Joseph McGlawn, Thomas Chippas