Company Filing History:
Years Active: 2004-2021
Title: The Innovative Contributions of Robert Michael Silverman
Introduction
Robert Michael Silverman is a notable inventor based in Westfield, NJ (US). He has made significant contributions to the field of financial technology, holding a total of 13 patents. His work focuses on systems and methods that enhance the trading and circulation of financial instruments.
Latest Patents
Among his latest patents is a system and method for issuing, circulating, and trading financial instruments with smart features. This invention provides a first device for conducting peer-to-peer transactions, which includes a memory and a communication interface. The device is designed to offer a unique address for a virtual instrument, indicating its trading status and transferability. This allows for the transfer of the virtual instrument over a peer-to-peer communication network without the involvement of a remote entity device. Additionally, a data record of the transfer is created and communicated to a remote entity device after the transfer is completed.
Another significant patent by Silverman is also related to the issuance and trading of financial instruments with smart features. This system includes a document portion and a token device that is either attached to or embedded in the document. The token device features a storage component and a communication interface, providing a unique address that includes a device identifier and a network address that changes based on the financial instrument's location. This innovation allows for secure communication with external entities to report the identity or status of the financial instrument.
Career Highlights
Throughout his career, Robert Michael Silverman has worked with prominent companies such as IBM and JPMorgan Chase Bank, N.A. His experience in these organizations has contributed to his expertise in financial technologies and innovations.
Collaborations
Silverman has collaborated with notable professionals in his field, including Fredrick K. P. Klassen and Ken Chan. These collaborations have likely enriched his work and expanded the impact of his inventions.
Conclusion
Robert Michael Silverman is a distinguished inventor whose work in financial technology has led to numerous patents and innovations. His contributions continue to shape the landscape of financial instruments and peer-to-peer transactions.