Patents by Inventor Vincent Molinari

Vincent Molinari 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: 20190197622
    Abstract: A method includes generating CUSIP unique identifiers that are embedded in each token of a tokenized asset offering that is blockchain-based. Cryptocurrency wallets associated with managing tokens can also each have a unique identifier. As an alternative trading system manages trades of tokens having unique identifiers with buyers and sellers having wallets with associated unique identifiers, a reporting of transaction data can be made to a transfer agent that is registered with the a regulatory agency. Separately recording transaction data from the data recorded on the blockchain can enable the transfer agent to be the arbiter of ownership. Having the transaction data stored by the transfer agent can reduce or eliminate the incentive to hacked security wallets, can enable audits, and can enable regulatory compliance when thresholds, such as a number of shareholders, are met.
    Type: Application
    Filed: February 25, 2019
    Publication date: June 27, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
  • Publication number: 20190188793
    Abstract: A method includes creating a seller escrow wallet. The seller escrow wallet only displays a content of the wallet, is non-custodial, maintains an ability to return tokens stored within the wallet to an original account via a request, transfers tokens purchased by the seller to the wallet, and utilizes a master wallet to facilitate a transfer of the tokens from the seller wallet to a buyer wallet associated with the buyer. Upon a sale of the tokens, the method includes moving the tokens from the seller wallet to the master wallet using addresses that identify at least one of the seller and the buyer, receiving a payment at the master wallet from the buyer for the tokens and upon receiving the payment at the master wallet, releasing the tokens to the buyer and transferring the payment to the seller.
    Type: Application
    Filed: February 25, 2019
    Publication date: June 20, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
  • Publication number: 20190139136
    Abstract: The present invention relates to a securities trading system that utilizes a distributed blockchain ledger to conduct security transactions. Users are provided with cryptographic wallets that enable the users to access a peer-to-peer network of computing nodes on which the distributed blockchain ledger is managed. The securities made available through the network may be stored directly on the blockchain ledger itself. Smart contracts may be utilized to transfer the securities among the users and to verify that all transactions are in compliance with applicable regulatory rules and other restrictions.
    Type: Application
    Filed: December 4, 2018
    Publication date: May 9, 2019
    Inventors: Vincent Molinari, Joe Latona, Christopher J. Pallotta, Clifford H. Friedman
  • Publication number: 20190080404
    Abstract: A method is provided for generating a unique token associated with a profit participation parameter in an issuing entity for a token holder, the unique token being generated as a security according to a security regulation and being based on a determination of demand by token holders. The method includes implementing a smart contract on a blockchain to manage distributions from the issuing entity to the token holder according to the unique token, wherein the smart contract comprises a set of promises in digital form and comprises defined protocols for managing value distribution from the issuing entity to the token holder, and wherein one of the unique token and the smart contract comprises a timeframe associated with a restriction on selling the unique token, implementing a restriction on a sale of the unique token during the timeframe and enabling the sale of the unique token after the timeframe.
    Type: Application
    Filed: September 10, 2018
    Publication date: March 14, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA
  • Publication number: 20190080402
    Abstract: A method that includes generating a unique token associated with a profit participation parameter in an issuing entity for a token holder, the unique token being generated as a security according to a security regulation and being based on a determination of demand by token holders, implementing a smart contract on a blockchain to manage distributions from the issuing entity to the token holder according to the unique token, wherein the smart contract includes a set of promises in digital form and defined protocols for managing value distribution from the issuing entity to the token holder, receiving, via the smart contract, a revenue received by the issuing entity, issuing, via the smart contract and based on the revenue, to the token holder, a disbursement; and recording, by the smart contract, the disbursement and circumstances surrounding the disbursement on the blockchain.
    Type: Application
    Filed: April 20, 2018
    Publication date: March 14, 2019
    Inventors: Vincent Molinari, Christopher Pallotta
  • Publication number: 20190080406
    Abstract: A method includes creating a seller escrow wallet. The seller escrow wallet only displays a content of the wallet, is non-custodial, maintains an ability to return tokens stored within the wallet to an original account via a request, transfers tokens purchased by the seller to the wallet, and utilizes a master wallet to facilitate a transfer of the tokens from the seller wallet to a buyer wallet associated with the buyer. Upon a sale of the tokens, the method includes moving the tokens from the seller wallet to the master wallet using addresses that identify at least one of the seller and the buyer, receiving a payment at the master wallet from the buyer for the tokens and upon receiving the payment at the master wallet, releasing the tokens to the buyer and transferring the payment to the seller.
    Type: Application
    Filed: September 10, 2018
    Publication date: March 14, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
  • Publication number: 20190080407
    Abstract: A method includes generating CUSIP unique identifiers that are embedded in each token of a tokenized asset offering that is blockchain-based. Cryptocurrency wallets associated with managing tokens can also each have a unique identifier. As an alternative trading system manages trades of tokens having unique identifiers with buyers and sellers having wallets with associated unique identifiers, a reporting of transaction data can be made to a transfer agent that is registered with the a regulatory agency. Separately recording transaction data from the data recorded on the blockchain can enable the transfer agent to be the arbiter of ownership. Having the transaction data stored by the transfer agent can reduce or eliminate the incentive to hacked security wallets, can enable audits, and can enable regulatory compliance when thresholds, such as a number of shareholders, are met.
    Type: Application
    Filed: September 10, 2018
    Publication date: March 14, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
  • Publication number: 20190080405
    Abstract: A method is provided for performing a remediation process for tokens initiated an initial coin offering that were illegal or unregulated. The method includes receiving a confirmation that the issuer of tokens in the initial coin offering acted in good faith, and initiating a smart contract to manage the extinguishment of the tokens from the initial coin offering and issuing new remediated tokens to comply with regulatory requirements. The smart contract can be programmed to communicate information and receive instructions from buyers of tokens from the initial coin offering, such that an offer of rescission can be contemplated and selections can be made by the buyer for initiating the remediation process for tokens that they desire to trade on an authorized exchange. The smart contract that manages the remediation process to generate the new remediated tokens.
    Type: Application
    Filed: September 10, 2018
    Publication date: March 14, 2019
    Inventors: Vincent MOLINARI, Christopher PALLOTTA
  • Publication number: 20170011460
    Abstract: The present invention relates to a securities trading system that utilizes a distributed blockchain ledger to conduct security transactions. Users are provided with cryptographic wallets that enable the users to access a peer-to-peer network of computing nodes on which the distributed blockchain ledger is managed. The securities made available through the network may be stored directly on the blockchain ledger itself. Smart contracts may be utilized to transfer the securities among the users and to verify that all transactions are in compliance with applicable regulatory rules and other restrictions.
    Type: Application
    Filed: June 30, 2016
    Publication date: January 12, 2017
    Inventors: Vincent Molinari, Joe Latona, Christopher J. Pallotta, Clifford H. Friedman