david schwartz ripple patentdavid schwartz ripple patent

david schwartz ripple patent28 May david schwartz ripple patent

1. Ripple is proud to have a strong bench of leaders across our executive team and board of directors. To this day Schwartz is not listed as a cofounder of Ripple, despite being employee number two and its chief architect. The computer system of claim 9, wherein each computer within the computer system is substantially similar in construction. Ripple CTO's Surprising Plan To Skyrocket XRP's Popularity 18. DLA Piper LLP (US) > San Diego (Downtown) > United States | The Legal The thing that intrigued me the most about David Schwartz filling a patent for a DLT type technology is that the patent expiration date was 2008-08-25. 15. 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. 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. Ripple's Trillion-Dollar Man - Forbes 33. SWIFT has had the monopoly for so long, says Mercury CEO Alastair Constance, Why havent they been passing down the cost and time-saving? Crypto-anarchists were beginning to explore the bitcoin blockchain as a way to avoid central oversight. Ripple loses a veteran cryptographer . 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. The computer system of claim 1, wherein each computer within the computer system is substantially similar in construction. 16. Around this time Schwartz met Jed McCaleb, the founder of the Mt Gox bitcoin exchange and an early Napster competitor called eDonkey 2000. Preferably, the distributed computer system should include a plurality of personal computers operable for performing distributed processing to avoid the need for a mainframe. Versatility of a computer system can be increased by using a plurality of small computers, such as personal computers, to perform simple tasks and a central computer for longer more complex tasks. David Schwartz is the current Chief Technology Officer at Ripple and he has been active in most of the social media platforms explaining his vision for a decentralized ledger as well as simplifying the remittance industry via Ripple products and XRP. Today, the Ripple network is so renowned that Colombia considered using it for its national land registry under the previous government administration. 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. It will thus be seen that the objects set forth above, and those made apparent from the preceding description, are efficiently attained and, since certain changes may be made in the above method and construction set forth without departing from the spirit and scope of the invention, it is intended that all matter contained in the above description and shown in the accompanying drawings shall be interpreted as illustrative and not in a limiting sense. thexrpdaily. The smartphone app allows customers to move money between four pilot countriesSpain, the United Kingdom, Brazil and Poland. EFFECTIVE: JUNE 8, 1989, GERMANY, Assignors: DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH, Arrangements for program control, e.g. 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 unidirectionally. 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. A multilevel computer system including high level computing means and low level computing means, comprising: communications link means for transferring 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 the task, for distributing for processing portions of the task to said low level computer means based on the availability, as determined by said high level computer means, of said low level computer means to process one or more portions of the task, said availability being previously communicated to said high level computer means along said first link means of said communication link means and for processing, if currently available, all undistributed portions of the task; said low level computer means including at least two computer means and operable for processing received portions of the task from the high level computer means, one of said at least two computer means operable for receiving an additional task and for processing, if currently available, portions of the additional task; said high level computer means also operable for receiving from 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 for processing by the latter based on the availability of the other of 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 of 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 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, 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 coupled to one of the at least two computer means of said low level computer means are unequal. David Schwartz Filed Patent for XRP Ledger Concept in 1988 In 1992, Schwartz and his father, a doctor of internal medicine, cofounded a medical technology company that developed a noninvasive device for recording data about heart murmurs. By requiring that the complete task be transferred from one computer to another, a state of distributed processing is created. 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. Ripple is also widely used in assisting fast payment transfers in many countries and leading banks. How many transactions rely on Ripples sanctioned validators? As for the validators, Schwartz claims that only 10 of the 150 currently supporting the network are managed by Ripple. 7. Ripple CTO David Schwartz urges adoption of Blockchain-Agnostic 37. of the central processing unit [CPU], Allocation of resources, e.g. 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. The method of claim 28, further including processing different portions of the additional task at the same time. Along the way, Schwartz developed an online persona, JoelKatz (the name was inspired by Stimpson J. Crypto trader Shuoji Zhou runs FBG Capital, Asia's hottest cryptocurrency hedge fund. xRapid frees up this capital and lowers costs by substituting the local currencies with the XRP cryptocurrency. 6 in accordance with an alternative embodiment of the invention. The A and B links (especially if used to form a comlete ring of computers on the same level) avoid such upward passing by providing communications links to computers 100 on the same level or lower levels. XRP was made to become the greatest asset ever created. The method of claim 28, further including processing different portions of the task at the same time. The method of claim 28, further including transferring portions of the task along the second link means unidirectionally. FIG. 2 is a block diagram of a token ring computer system; FIG. 4. Accordingly, it is an object of the invention to provide an improved distributed computer system in which portions of a task rather than the complete task are transferred between computers in processing of the task. And if persuading bankers to switch to the largely untested Ripple platform wasnt difficult enough, the company also faces competition from a host of other startups, including Stellar, a blockchain money-transfer firm formed in 2014 by one of Ripples founders. 6 in terms of a flow chart. With more than 10,000 banks in SWIFTs network, Newman is hopeful that he can transition all of SWIFTs members to its new system GPI system by 2020. 62. 59. 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. By requiring that the entire task be transferred as one package from one computer to the next, interaction between the distributed computer system and user while a task is being processed is difficult. In 2001, David started . In 1990 he received a degree in electrical engineering from the University of Houston. The XRP Ledger is today one of the most used blockchain networks in real-life payment applications due to its On-Demand Liquidity (ODL), which allows enterprises to use XRP as a bridge currency for faster international transactions at a low cost. The computer system of claim 39, wherein said second link means are operable for transferring portions of the task and additional task bidirectionally. If no bank will do business with me, I dont get a hearing in a court of law, I dont get to read the law, I dont get to confront my accusers. The multilevel computer system also includes communications link means for transferring portions of the task and additional task to the plurality of computers within the system (i.e. Ripple's XRP Sales Strategy: CTO Confirms Reduction in Company Holdings The computer system of claim 8, wherein said high level means, low level means and lower level means are operable for processing different portions of the task at the same time. The computer system of claim 43, further including lower level computer means which includes at least three computer means and operable for processing received portions of the task and additional task, one of said at least three computer means operable for receiving a further additional task and processing, if currently available, portions of the further additional task, and wherein one of said at least two computer means of said low level computer means is also operable for receiving from said one of said at least three computer means of said lower level computer means portions the unprocessed further additional task and for distributing for processing, if available, those portions of the unprocessed further additional task to the other two of said at least three computer means of said lower level computer means and, if available, processing those portions of the unprocessed further additional task undistributed to said other two of said at least three computer means. 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. 22. 7 illustrates the operation of FIG. David Schwartz | Alliance for Innovative Regulation. - AIR Those validators, or nodes, are in turn organized into groups that trust each other called UNLs, or unique node lists. While validators get to choose their own UNL, the list assembled by Ripple is the default, creating a possible area of centralization. Schwartz exposes how many XRP he owns and what his relationship to Bitcoin and Ethereum looks like. Patent Documents Reveal David Schwartz May Have Come Up With XRP Ledger Concept In 1988, Former Ripple Exec: XRP Ledger Years Ahead of Ethereum As Vitalik Wanted Internship at Ripple, Binance Total LUNC Burns Surpass 31B as Exchange Burns 1.2B+ Terra Classic, Peter Brandt Says Bitcoin Will Be The Only King Of Hill If This Happens, Binance CEO Praises Shiba Inu While Responding to PEPE Listing, 11.3M Shiba Inu Burned in 24 Hours, 22M in Week, Cardano Founder Responds to Criticism of Building Nothing for Ethereum. 58. In order to reach the offices, one must first pass through a grand archway that resembles something from Italys Medici era. Ironically, Schwartz himself may be Ripples best weapon to prove that the XRP blockchain is actually decentralized, and thus trustworthy and secure. Like a lot of banks, we have to place different bets in different areas, says Santander managing director John Whelan. More particularly, the token ring is a piece of information which is part of the transmitted data stream and is required for transmitting information along one of the lines between computers. Rather, the complete task including the entire file is transferred between computers to sequentially process portions of the task. 25. Its a gateway, a barrier, and obstacle. In processing each task within the computer system, different portions of the task are processed at the same time by different computers. 1 is a block diagram of a cluster computer system; FIG. But Schwartz, who just returned from a tour of Europes banks, faces many obstacles. 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. Speaking of his job at Ripple, Schwartz says that he likes the fact that the company makes it possible for him to work with cutting-edge technologies and build not-yet-decided products. 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. Charles Schwartz has filed for patents to protect the following inventions. The computer system of claim 58, wherein each computer means within the computer system is a personal type computer. A task inputted to the system is divided into a plurality of portions. The computer system of claim 8, wherein said lower level computer means includes at least three computers and wherein said communications link means includes third link means and fourth link means, said third link means coupling said at least two computers of said low level computer means to said at least three computers of said lower level computer means, said fourth link means coupling said at least three computers of said lower level computer means together wherein the number of third link means and the number of fourth link means coupled to one of the computers on the lower level computer means are unequal. 60. 29. 67. As many of the portions as possible are distributed for processing on the lowest level of the system. 27. NATURAL BORN GENIUS- David Schwartz is one of the worlds most gifted cryptographer, we view him as a genuine genius. Preferably, the A and B links connect all computers on the same level together to form a ring of computers (i.e. No continuous active interconnection (i.e. They sell the coins periodically and have distributed many to insiders. The debate centers around trust. Most large banks are forced to maintain local currency accounts around the world for use during money transfers. For a fuller understanding of the invention, reference is had to the following description taken in conjunction with the accompanying drawings, in which: FIG. Those portions unprocessed on the lowest level are distributed for processing on the next lowest level. The Ripple executive did this in a tweet yesterday, surmising his thoughts on arguments made by lawyers of former Coinbase product manager Ishan Wahi in a motion to dismiss a civil suit filed by the US Securities and Exchange Commission (SEC). Banco Santander, for example, is working with two other financial infrastructure blockchain platforms, Hyperledger Fabric and Ion, to explore other applications. As shown in FIG. In a tweet written last week, Schwartz revealed he owned more . The computer system of claim 1, further including a lower level computer means operable for receiving a further additional task, for processing, if currently available, portions of the further additional task and for distributing for processing those portions of the further additional task unprocessed by the lower level computer means to low level computer means based on the availability, as determined by said lower level computer means, of said low level computer means to process one or more portions of the unprocessed further additional task and for distributing for processing through said communications link means any remaining portions of the further additional task unprocessed by said low level computer means to said high level computer means based on the availability, as determined by said low level computer means, of said high level computer means to process one or more portions of the further additional task unprocessed by said low level computer means. David Schwartz created the XRPL way back in 1988 when they didnt even had a name for the blockchain. The computer system of claim 9, wherein the third link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. The method of claim 28, further including transferring portions of the task along the first link means bidirectionally. As of June 2018, some 180 banks were using this encrypted, non-blockchain alternative to transfer about $100 billion in cross-border payments per day. The process involves regulatory oversight, compliance checks and other layers of protection, and is facilitated via a complex series of service agreements. Application filed by David Schwartz Enterprises Inc, Assigned to DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., EAST ROCKAWAY, NY A CORP. OF NY, DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., EAST ROCKAWAY, NY A CORP. OF NY, Assigned to RWE-DEA AKTIENGESELLSCHAFT FUR MINERALOEL UND CHEMIE, RWE-DEA AKTIENGESELLSCHAFT FUR MINERALOEL UND CHEMIE, CHANGE OF NAME (SEE DOCUMENT FOR DETAILS). The method of claim 28, further including transferring portions of the task along the second link means bidirectionally. 6. When that barrier goes away, you understand it. Here's What XRPL Creator Said On Ripple Exec's Resignation 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. A task. 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 " . Meawhile he was getting interested in cryptography. He was particularly troubled by the centralized control of money. Intellectual property > Patents: licensing Tier 1 Hailed as 'the utmost trusted advisors', the group of attorneys at DLA Piper LLP (US) operates as an 'extension of the in-house team' with superb licensing expertise, which is 'only matched by their business practicality'. Describing the move as bittersweet, Schwartz said although he would no longer work with him, he is still glad of Bougalis's decision to move forward. Is it manufacturable? This invention relates generally to a computer system, and more particularly to distributed processing of a task by a distributed computer system. It didnt take long for banks to see the potential in what Ripple was creating. Consequently, only one of, Referring once again to FIG. The method of claim 63, wherein establishment of the communications link includes coupling each low level computer to at least one other low level computer through two second link means whereby the low level computers form a ring of computers. Still other objects and advantages of the invention will in part be obvious and will in part be apparent from the specification. 19. F or a company on a mission to become the connective tissue. David Schwartz - CTO @ Ripple - Crunchbase Person Profile You need to move things so that the system still works during the transition, and thats where the cost is.. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. 53. Under one embodiment of the invention no portion of a task, if possible, should be distributed so that the path of distribution of one or more portions of the task from one computer 100 to another computer 100 includes yet another computer 100 which is on a higher level of the computer system. Reach Michael del Castillo at mdelcastillo@forbes.com. 28 Apr 2023 19:00:14 In short, Schwartz wants to disrupt SWIFT, the Society for Worldwide Interbank Financial Telecommunication, a Belgian cooperative organization founded in 1973 that counts more than 10,000 financial institutions as its members and is the ultimate middleman in banking. The mysterious Satoshi Nakamoto is often credited with inventing blockchain - the tech behind the recent cryptocurrency and decentralization boom. The Ripple CTO's comments about Bitcoin and XRP came during a Zoom call with TechRadar Pro a few days ago. He mentions a project completed in 2015, when the European Central Bank launched a new platform for linking 20 central securities depositories (CSDs). SWIFT handles approximately 25 million such messages per day, and the result is an estimated $6.74 trillion in transfers. 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. In early 2011 Schwartz was looking for something new. The computer system of claim 1, wherein said first link means are operable for transferring portions of the task and additional task bidirectionally. 52. 5 is a block diagram of a distributed computer system in accordance with the invention; FIG. As CTO, Schwartz will report to CEO Brad Garlinghouse, but in terms of Ripples technical vision hes in charge. The first links couple at least one computer of the high level computer means to at least two computers of the low level computer means. Despite the fact that none of Ripples early banking partners were using XRP cryptocurrency, its penny stock price, coupled with confusion over its actual relationship to Ripple, caused XRP to soar on crypto exchanges to a peak of $3.65 in January 2018, up from $.006 only a year before. Forbes: Meet David Schwartz, Ripple's Trillion Dollar Man - Ethereum Ripple's chief technology officer David Schwartz has offered a simple method to identify what constitutes a security or commodity.

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