Company Filing History:
Years Active: 2023-2025
Title: Innovations by Krishna Nellutla
Introduction
Krishna Nellutla is a notable inventor based in Singapore, SG. He has made significant contributions to the field of transaction settlement, particularly in the context of cryptocurrencies. With a total of 2 patents, his work is paving the way for innovative financial solutions.
Latest Patents
One of Krishna's latest patents is a system and method for transaction settlement that utilizes cryptocurrencies within the existing Four Party Model. This invention allows for transactions between merchants and consumers who may use or accept either fiat or cryptocurrency. An intermediary wallet entity can assume the risk associated with cryptocurrency transactions. For instance, a fiat-fiat transaction can follow the usual settlement process of the Four Party Model. In a crypto-crypto transaction, settlement can occur in real time. In cases where a fiat merchant interacts with a crypto customer, the settlement can be made from the customer's crypto wallet to an intermediary wallet. Subsequently, fiat settlement occurs between the intermediary and the merchant, adhering to the Four Party Model. Conversely, in a crypto merchant and fiat customer transaction, a transfer can be made from the intermediary wallet to the merchant's crypto wallet, with fiat settlement between the customer's bank and the intermediary following the standard process.
Career Highlights
Krishna Nellutla is currently employed at Visa International Service Association, where he continues to innovate in the financial technology sector. His work focuses on enhancing transaction processes and integrating cryptocurrency solutions into traditional financial systems.
Collaborations
Some of Krishna's coworkers include Sachin Cherian Mathew and Thai Binh Do Nguyen, who contribute to the collaborative environment at Visa.
Conclusion
Krishna Nellutla's innovative patents and contributions to transaction settlement highlight his role as a forward-thinking inventor in the financial technology landscape. His work is instrumental in bridging the gap between traditional and digital currencies, paving the way for future advancements.