The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 04, 2020
Filed:
May. 25, 2016
Applicant:
Tzero Group, Inc., New York, NY (US);
Inventors:
Alec Wilkins, Salt Lake City, UT (US);
Eric Nathaniel Fish, Salt Lake City, UT (US);
Trent Norman Larson, Salt Lake City, UT (US);
Assignee:
tZERO Group, Inc., New York, NY (US);
Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/04 (2012.01); G06Q 20/38 (2012.01); G06Q 20/40 (2012.01); G06Q 40/00 (2012.01);
U.S. Cl.
CPC ...
G06Q 20/382 (2013.01); G06Q 20/401 (2013.01); G06Q 40/04 (2013.01); G06Q 40/12 (2013.12); G06Q 2220/00 (2013.01);
Abstract
Methods and systems described herein prevent traders from using order intent and hardware solutions to advance their order position by obfuscating the order until execution and by using a digital ledger to assign priority of the orders. As described herein, using a series of cryptographic key pairs, one side of a transaction can be created, matched, and executed while a public record is recorded and maintained but obfuscated (i.e., not publicly transparent) until after the transaction is completed.