Bougalis had spent roughly a . Theyre enforcing the law in a way that doesnt have any of the normal protections that law enforcement is supposed to have. Lapse for failure to pay maintenance fees, Expired due to failure to pay maintenance fee, Information on status: patent discontinuation. 19. 69. 30. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. Ripples xRapid product has also won some converts. Ripple isnt the only blockchain startup that is after SWIFT. Ultimately this results in foreign currency exchanges and a transfer of funds, often via numerous correspondent member banks. The authors sought to characterize the structural and amyloid in vivo correlates of frPSI in cognitiv Ripple Patents VOL. A further object of the invention is to provide a distributed computer system which includes a plurality of substantially identical computers such as, but not limited to, personal computers operable for performing distributed processing. Prior art distributed computer systems which automatically shift a task from an unavailable computer to an available computer require complex programming with specially designed communication links between the computers. Each second link couples at least two computers of the low level computer means together. 4, a computer 100 includes a central processing unit (CPU) 110, a, Each of the elements within computer 100 is an off the shelf item. 2. 68. Patents Assigned to RIPPLE LABS INC. Network computing system executing programmatic adapters to implement asynchronous communications Patent number: 11551191 Abstract: A computing system can establish asynchronous network communications with exchanges to facilitate cross-medium transactions between originating and recipient clients. The method of claim 28, further including transferring portions of the task along the second link means unidirectionally. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. The computer system of claim 8, wherein said high level computer means, low level computer means and lower level computer means are operable for processing different portions of the further additional task at the same time. 5, a first distributed computer system embodiment of the invention includes a, Each computer of level III reports its status of availability through its C lines to, With the task now having been transfered to, Processing of a task on a real time basis can be performed by, Level V includes computers which are connected to the D links of, FIG. 15. The mysterious Satoshi Nakamoto is often credited with inventing blockchain - the tech behind the recent cryptocurrency and decentralization boom. Ripple loses a veteran cryptographer . 57. The method of claim 63, wherein arrangement of the network includes providing that each computer within the system is of similar construction. The invention avoids the foregoing drawbacks of distributed computer systems while providing unlimited distributed processing by providing a computer topography which allows computers of the system to communicate with each other on an efficient basis even when a large number of computers are used in the system. @JoelKatz, his Twitter handle, has more than 100,000 followers. Ripple's chief technology officer David Schwartz has offered a simple method to identify what constitutes a security or commodity. 49. Ripple's Chief Technology Officer, David Schwartz, and the self-proclaimed Bitcoin inventor, Craig Wright, have been engaging in a public exchange regarding the lawsuit outcome surrounding XRP . Crypto-anarchists were beginning to explore the bitcoin blockchain as a way to avoid central oversight. The Ripple CTO's comments about Bitcoin and XRP came during a Zoom call with TechRadar Pro a few days ago. Like a lot of banks, we have to place different bets in different areas, says Santander managing director John Whelan. Accordingly, it is desirable to provide a distributed computer system which performs distributed processing by passing portions rather than the entire task between computers. The blockchain specialist's Chief Technology Officer David Schwartz turned to Twitter to celebrate: "This is awesome news. Schwartz dismisses such objections: When you try to update a legacy system, you tend to be pressured to keep things as opposed to replacing them. when did david schwartz patent xrp - Shopnaturenow The company has recruited hundreds of the worlds largest financial institutionsfrom UBS and BBVA to American Express and the Bank of Indonesiato test Ripples new tools designed to modernize the way they move money. The computer system of claim 46, wherein the third link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. By the end of the conversation, the two had decided to see if they could build a financial infrastructure similar to bitcoin that would use far less energy and drastically reduce transaction time. 37. With Ripple's value at $4.7 billion (and XRP's market cap at $13 billion), Schwartz's net worth is estimated to be about $90 million. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. He is one of the chief architects of the XRP Ledger, but a patent filing in 1988 shows he had a similar vision for a decentralized network before there was anything called a blockchain. The computer system of claim 1, wherein each computer within the low level computer means is coupled to at least one other computer within the low level computer means through two second link means whereby the low level computer means forms a ring of computers. In this way Ripple hopes to transform XRP into a decentralized reserve currency for international banks. 40. The computer system of claim 46, wherein the number of third link means is greater than the number of fourth link means. Larsen, who received 9 billion XRP tokens as its CEO, saw his crypto holdings rise to as much as $60 billion. Computers on the higher level are used as a last resort for processing when one or more portions of the task cannot be distributed for processing to computers connected through the A, B and D. The A and B links are used to shorten the path along which a portion of a task is to be distributed. 38 min. It was a fantastic experience, Schwartz says. The function of a doorknob is to control the movement between two spaces. And then, once you have all those properties, is there some use case for that?. 28 Apr 2023 19:00:14 As many of the portions as possible are distributed for processing on the lowest level of the system. XRP Ledger upgrade is "awesome news", says Ripple CTO David Schwartz A method of distributed processing within a network of computers, comprising: establishing a communications link which includes first link means and second link means wherein the low level computers are coupled together through the second link means and at least one high level computer is coupled to the at least two low level computers through the first link means and wherein the number of first and second link means associated with each low level computer are unequal; distributing along the first link means portions of the task to be processed by currently available low level computers based on the availability of the low level computers to process one or more portions of the task, said availability being previously communicated to said at least one high level computer from at least one of the at least two low level computers along said first link means; processing the distributed portions of the task by the currently available low level computers; processing, if currently available, portions of an additional task by one of the at least two low level computers; distributing along the first link means those portions of the additional task unprocessed by said one of the at least two low level computers to the at least one high level computer if the other of said at least two low level computers is currently available for processing of the additional task; distributing along the first link means, if available, those portions of the additional task to the other of said at least two low level computers based on the availability of the other of said at least two low level computers to process one or more portions of the unprocessed additional task, said availability of the other of said at least two low level computers being previously communicated to said at least one high level computer from the other of said at least two low level computers along said first link means; processing by the second of said at least two low level computers the received portions of the additional task; and. If no computers are available within the system, however, the unprocessed portions of the task will have been transfered to a computer within the highest level of the system (e.g. 42. The computer system of claim 1, wherein each computer within the computer system is substantially similar in construction. 9. The process took seven years and was estimated to cost $400 million. 58. processing the distributed portions of the additional task by one or more currently available high level computers; wherein different portions of the task are processed at the same time and different portions of the additional task are processed at the same time and wherein portions of the task are transferred along the first link means bidirectionally. 2 is a block diagram of a token ring computer system; FIG. Spains Banco Santander, which happens to have a seat on SWIFTs board of directors, has launched a retail mobile app called One Pay FX using Ripples xCurrent payment product. Ripple CTO Explains Why XRP Does Not Use Proof-of-Work - CryptoGlobe Senior editor covering bitcoin and other blockchain applications. We want to create a payment network like SWIFT. CPUs, Servers, Terminals considering the load, International Business Machines Corporation, The United States Of America As Represented By The Secretary Of The Air Force, American Telephone And Telegraph Company, At&T Bell Laboratories. The founders of Ripple, by contrast, created all 100 billion of the XRP tokens at once in 2011. Ripple's CTO invented distributed computer system 20 years Ripple's CTO invented distributed computer system 20 years Almost 30 years ago on August 25, 1988, Schwartz filed a patent for a "multilevel distributed computer system" that would "preferably" run on " . He argued that by not limiting a technology to work only with XRP, Ripple's native digital asset, more people would be attracted to the technology and benefit from improved user experiences. Mercury FX, a London-based foreign-exchange firm that offers clients an alternative to banks when sending and receiving international currencies, will soon move from its pilot xRapid program to live production. For bitcoin, about 58% of transactions are processed by four mining pools, mostly in China. Most large banks are forced to maintain local currency accounts around the world for use during money transfers. DLA Piper LLP (US) > San Diego (Downtown) > United States | The Legal The computer system of claim 37, wherein said high level computer means and said low level computer means are operable for processing different portions of the task at the same time. David Schwartz, CTO of Ripple, is interviewed by Fortune's Jeff Roberts.This Interview was recorded on June 12th, 2019 at the Future of Fintech conference in. If information is to be sent between any two computers, the computer which is sending information must wait for the token ring to arrive. The competition has jolted SWIFT into action. 6 in accordance with an alternative embodiment of the invention. While not the same, it is eerily similar to how validation works on the XRP Ledger. David Schwartz Explains Why He's Not Leaving Ripple There are detractors inside the cryptoversewho doubt that Ripple's technology is what the company says it is decentralized and not controlled by a single authority. Notably, the networks history is often traced to 2011, when David Schwartz, Jed McCaleb, and Arthur Britto are said to have come together to develop the network. 6 is an expanded distributed computer system in accordance with the invention; FIG. David Schwartz, CTO of Ripple, recently tweeted his opinions on how adopting blockchain-agnostic solutions might hasten the spread of XRP and attract more consumers within the Ripple platform. Ripple CTO's Surprising Plan To Skyrocket XRP's Popularity b 1 through b 10. 70. Ripple CTO Offers Simple Metric To Distinguish Securities From Commodities Crypto trader Shuoji Zhou runs FBG Capital, Asia's hottest cryptocurrency hedge fund. communication) between computers is present in a distributed computer system except in regard to sharing the same hard disk drive and/or printer. As can be readily appreciated, the higher the level of the system, the more computers report their availability status to a single computer and the more likely that an available computer will be found. In the newest episode of Block Stars, Ripple CTO David Schwartz sits down with John Kraski, Director of Strategic Partnerships at NFT Thought Leaders. 2, the number of computers shown (i.e. Prior to joining Ripple, he was a director of software development at Webmaster Incorporated, a Santa Clara software developer. The C link is usually the only link along which the status (i.e. The computer system of claim 58, wherein each computer means within the computer system is a personal type computer. 3 yr. ago Heres an abstract of the 1991 patent: Patent number: 5025369 A multilevel distributed computer system for distributed processing preferably includes a plurality of personal computers. This invention relates generally to a computer system, and more particularly to distributed processing of a task by a distributed computer system. The computer system of claim 19, wherein each computer within the low level computer means is coupled to at least one other computer within the low level computer means through two second link means whereby the low level computer means forms a ring of computers. n May, as if to acknowledge his being overlooked in Ripples original creation story and hierarchy, Schwartz was discreetly named chief technology officer of the company he helped build from scratch. The following year he was awarded his first patent20 years before Satoshi Nakamoto invented the bitcoin blockchainfor a distributed computer network he designed to lighten the burden of a central processor. 36. The computer system of claim 1, wherein the number of first link means and the number of second link means associated with each computer of said low level computer means are unequal. 47. If a task is inputted to a computer which is presently unavailable to perform the task, the task is not automatically shifted to an available computer on the system since there is no continuous interaction between computers. "The endgame is just money moving invisibly, as easily as information.". He mentions a project completed in 2015, when the European Central Bank launched a new platform for linking 20 central securities depositories (CSDs). Yesterday, July 18th, author Linda P. Jones shared on Twitter a forbes story about David Schwards titled "Ripple's Trillion-Dollar Man," which spoke about one of the original creators of the Ripple Ledger, David Schwartz. 6 in accordance with a first embodiment of the invention; and. In the abstract of the patent filed by Schwartz in August 1988, he describes a distributed network of computers for distributed data processing, with each node handling portions of the data. window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). Along the way, Schwartz developed an online persona, JoelKatz (the name was inspired by Stimpson J. The first links transfer portions of the task and any additional task bidirectionally. 65. Probably plenty of videos on Youtube that will explain it in very simple . Patents Assigned to RIPPLE LABS INC. - Justia Patents Search 25. 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). Here's What XRPL Creator Said On Ripple Exec's Resignation SWIFT handles approximately 25 million such messages per day, and the result is an estimated $6.74 trillion in transfers. Restructuring (including bankruptcy): corporate in United States | Law Fabian Vandenreydt, a former head of SWIFT Global Securities, adds that the issue isnt whether Ripples technology works but whether it saves banks more money than it costs. In a tweet written last week, Schwartz revealed he owned more . communications link means for transferring portions of the task within the computer system, said communications link means including first link means and second link means, said first link means coupling said at least one computer of said high level computer means to said at least two computers of said low level computer means, each of said second link means coupling said at least two computers of said low level computer means together; wherein the availability of said low level computer means is communicated to said high level computer means and the availability of said high level computer means is communicated to said low level computer means along said first link means; and. As the companys newly appointed chief technology officer, Schwartz is on a mission to dismantle and reassemble one of the biggest gateways on the planetthe one that connects nearly every bank in the world so that trillions of dollars can move from account to account. The computer system of claim 9, wherein the number of third link means and the number of fourth link means associated with each computer of said lower level computer means are unequal. 64. The computer system of claim 20, wherein each computer means within the low level computer means is coupled to at least one other computer within the low level computer means through two second link means whereby the low level computer means forms a ring of computer means. Block Stars with David Schwartz Ripple - Apple Podcasts Is it really strong? But Schwartz, who just returned from a tour of Europes banks, faces many obstacles. Charles Schwartz has filed for patents to protect the following inventions. 17. The computer system of claim 9, wherein each computer within the computer system is a personal type computer. Its a gateway, a barrier, and obstacle. David is one of the original architects of the XRP Ledger. As shown in FIG. To lessen the load of computers in the high level computer means, a pyramid-like network is constructed wherein the number of first links associated with any computer of the high level computer means is preferably greater than the number of second links associated with any computer of the low level computer means. The computer system of claim 8, wherein said high level computer means, low level computer means and lower level computer means are operable for processing different portions of the additional task at the same time. DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., E, ASSIGNMENT OF ASSIGNORS INTEREST. GPI isnt a rebuild of their entire back office, says Harry Newman, SWIFTs global head of banking. The computer system of claim 48, wherein the fourth link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. The computer system of claim 46, wherein the number of third link means and the number of fourth link means associated with each computer means of said lower level computer means are unequal. 53. chwartzs background mirrors that of many of todays technologists. availability) is reported of lower level computers. The number of first links coupled to at least one computer of the high level computer means and the number of second links coupled to one of the at least two computers of the low level computer means are unequal. Ripple has upgraded its XRP Ledger with the Negative UNL amendment, which provides resilience for the network when multiple validators are offline. Who is David Schwartz? - onXRP Currently, David Schwartz is Chief Technology Officerat Ripple. The computer system of claim 37, wherein each computer means within the low level computer means is coupled to at least one other computer means within the low level computer means through two second link means whereby the low level computer means forms a ring of computer means. Marshall Huebner is considered an expert in risk management bankruptcy advisory work. By moving the transactions to a shared, distributed ledger that only permissioned users can access, Ripple claimed to be able to facilitate transactions in as little as a few seconds instead of days. David Schwartz - CTO - Ripple | LinkedIn Patent Documents Reveal David Schwartz May Have Come Up With XRP Ledger The computer system of claim 37, wherein each computer means within the computer system is substantially similar in construction. For example, floating, The eleven communications links A, B, C, D, The A and B links are used as communications lines for computers 100 which are on the same level within the distributed computer system. The endgame is just money moving invisibly, as easily as information.. EFFECTIVE: JUNE 8, 1989, GERMANY, Assignors: DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH, Arrangements for program control, e.g. 66. . Around this time Schwartz met Jed McCaleb, the founder of the Mt Gox bitcoin exchange and an early Napster competitor called eDonkey 2000. A multilevel computer system including high level computer means and low level computer means, comprising: communications link means for transferring the portions of a task within the computer system, said communications link means including first link means and second link means; said high level computer means including at least one computer means and operable for receiving a task, for distributing portions of the task to said low level computer means for processing of said portions based on the availability of the low level computer means to process one or more portions of the task, said availability being previously communicated to said high level computer means from said low level computer means along first link means of communication link means and for processing, if currently available, all undistributed portions of the task; said high level computer means also operable for receiving from said one of said at least two computer means of said low level computer means portions of the unprocessed additional task and for distributing for processing those portions of the unprocessed additional task to the other of said at least two computer means based on the availability of the other said at least two computer means to process one or more portions of the unprocessed additional task, said availability of the other of said at least two computer means being previously communicated to said high level computer means from the other of said at least two computer means along said first link means, and, if available, processing those portions of the unprocessed additional task undistributed to said other of said at least two computer means; said communications link means also for communicating to said high level computer means along said first link means from said low level computer means the current availability of said low level computer means to process one or more portions of the task and for communicating to said high level computer means along said first link means from the other of said at least two computer means the current availability of the other of said at least two computer means to process one or more portions of the unprocessed additional task, said first link means coupling said at least one computer means of said high level computer means to said at least two computer means of said low level computer means and operable for transferring the portions of the task and additional task bidirectionally, each of said second link means coupling said at least two computer means of said low level computer means together; wherein the number of first link means and the number of second link means associated with each computer means of said low level computer means are unequal and wherein said high level computer means and said low level computer means are operable for processing different portions of the task at the same time and for processing different portions of the additional task at the same time and wherein each computer means within the low level computer means is coupled to at least one other computer means within the low level computer means through two second link means whereby the low level computer means forms a ring of computers.