Company Filing History:
Years Active: 2008
Title: The Innovative Mind of Henry Hyunsuk Sohn
Introduction
Henry Hyunsuk Sohn is a notable inventor based in Palo Alto, CA. He is recognized for his contributions to electronic auction systems, particularly through his work at Yahoo! Inc. His innovative approach has led to the development of a unique auction redemption system that enhances user experience in online transactions.
Latest Patents
Henry holds a patent for an "Auction redemption system and method." This electronic auction system, known as the Yahoo! Auction System, allows users to conduct auction transactions using various payment units, including incentive points, credit points, and traditional currency. The system enables users to earn points through different activities, which can then be redeemed in online auctions. The Yahoo! Auction System is equipped with a web server, messaging server, database server, and various databases, including an account database that stores information about account balances, expiration dates for points, and redemption details. It offers multiple auction formats, such as Standard Auction, Dutch Auction, Progressive Auction, Buy-or-Bid Auction, and Declining Bid Auction. The system also manages bid amounts by reserving and unreserving them based on the validity of bids.
Career Highlights
Henry's career at Yahoo! Inc. has been marked by his dedication to enhancing online auction experiences. His innovative patent reflects his ability to integrate technology with user needs, making auction transactions more accessible and efficient.
Collaborations
Henry has worked alongside talented individuals such as Thomas Churchill and John Patrick Connelly, contributing to a collaborative environment that fosters innovation and creativity.
Conclusion
Henry Hyunsuk Sohn's contributions to the field of electronic auctions demonstrate his innovative spirit and commitment to improving user experiences. His patent for the Yahoo! Auction System showcases his ability to blend technology with practical applications, making a significant impact in the industry.