david schwartz ripple patent

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. However, a patent document shared by an XRP influencer known as XRP King Doggo IV indicates that Schwartz may have developed the rough concept for the network as far back as 1988. No continuous active interconnection (i.e. 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. A task inputted to the system is divided into a plurality of portions. Last year it launched its Global Payment Innovation (GPI) initiative in an effort to make its payments real-time. McCaleb and Schwartz joined forces and soon brought on another programmer, Arthur Britto, to help Schwartz finish XRP's technical architecture. The invention accordingly comprises the several steps in a relation of one or more such steps with resepct to each of the others, and the apparatus embodying features of construction, a combination of elements and arrangements of parts which are adapted to effect such steps, all is exemplified in the following detail disclosure, and the scope of the invention will be indicated in the claims. Check out his full Patent HERE In 1990 he received a degree in electrical engineering from the University of Houston. The computer system of claim 39, wherein said second link means are operable for transferring portions of the task and additional task bidirectionally. Its a bit like heart surgery, Vandenreydt says. 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'. of the central processing unit [CPU] to service a request, Allocation of resources, e.g. 65. 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. 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. The computer system of claim 46, wherein each computer means within the computer system is a personal type computer. 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. 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. 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). David is one of the original architects of the XRP Ledger. As many of the portions as possible are distributed for processing on the lowest level of the system. My personal fortune is aligned with the success of the company and its products, Schwartz says bluntly. 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. Here's What XRPL Creator Said On Ripple Exec's Resignation David Schwartz created the XRPL way back in 1988 when they didnt even had a name for the blockchain. Ripple CTO's Surprising Plan To Skyrocket XRP's Popularity 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. 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. Is it manufacturable? Additional levels of computers can be added to the system to further distribute the processing of portions of a task and additional task. of the central processing unit [CPU], Allocation of resources, e.g. Paged Memory Management Unit User s Manual by Motorola, published 1986 cover page, title page, copyright page pp. The computer system of claim 23, wherein each computer within the computer system is a personal type computer. David Schwartz, the CTO of Ripple, has offered valuable insights into the operational methods of Linqto, a fintech firm specializing in investment services.Specifically, Schwartz's commentary sheds light on the approach that Linqto employs to facilitate investments in companies like PolySign, for which he serves as a board member. ASSIGNMENT OF ASSIGNORS INTEREST. rom an early age David Schwartz was obsessed with doorknobs and locks. 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. 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 other words, Schwartz was gaining a working knowledge of cryptography at a high level. when did david schwartz patent xrp - Shopnaturenow The method of claim 28, further including processing different portions of the additional task at the same time. The method of claim 28, further including transferring portions of the task along the first link means bidirectionally. Senior editor covering bitcoin and other blockchain applications. Its expertise extends into cross-border and international restructuring matters, including in Asia and Brazil. Along the way, Schwartz developed an online persona, JoelKatz (the name was inspired by Stimpson J. 19. Ripple CTO David Schwartz Makes a Big Statement About The New - Reddit Ripple Whale David Schwartz: CTO Reveals His Crypto Portfolio One of the leading architects of the XRP ledger and current Ripple CTO David Schwartz spoke on Nik Bougalis's stepping down from his role as a director of engineering at the blockchain firm. 22. The method of claim 66, further including transferring portions of the task along the second link means unidirectionally. 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. This invention relates generally to a computer system, and more particularly to distributed processing of a task by a distributed computer system. Ironically, Schwartz, Ripples most zealous ambassador, opted for a salary and a 2% stake in Ripple, instead of the XRP cryptocurrency he helped create. Prior to joining Ripple, he was a director of software development at Webmaster Incorporated, a Santa Clara software developer. Ripple CTO: It's Time to 'Seriously Consider' Selling Some Crypto 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. 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. 28. 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. They sell the coins periodically and have distributed many to insiders. The computer system of claim 1, wherein said first link means are operable for transferring portions of the task and additional task bidirectionally. The computer system of claim 3, wherein said second link means are operable for transferring portions of the task and additional task unidirectionally. 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. Referring to FIG. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class. The Crypto Basic is not responsible for any financial losses. David Schwartz is Chief Technology Officer (CTO) and Chief Cryptographer at Ripple. The computer system of claim 9, wherein the number of third link means is greater than the number of fourth link means. The competition has jolted SWIFT into action. In a bizarre blockchain era twist, Ripple is accused of being as centrally controlled as SWIFT itself. Schwartz went on to help build two financial tools that would become Ripples first core products: xVia, a payment interface designed to let users send payments globally with increased transparency, and xCurrent, enterprise software that lets banks initiate and settle transactions. The multilevel computer system is particularly well suited for use in an office, corporation or the like wherein a hierarchy of personnel exists. 7 is a flow chart of FIG. r/Ripple The Ripple CBDC team will be collaborating with the Central Bank of Montenegro CBCG on a pilot project to create a CBDC or . In 2012, while Schwartz and Britto wrote code, veteran tech executive Chris Larsen, who previously worked at Prosper Loans, joined Ripple as its first chief executive. 67. Patents Assigned to David Schwartz Enterprises, Inc. During his decade there he also consulted for the National Security Agency (NSA), helping integrate the agencys networking software with the existing security and public key infrastructure technology. Ripple's chief technology officer David Schwartz has offered a simple method to identify what constitutes a security or commodity. 9. This idea of disintermediating these shadow regulators that are not democratically accountable and are not elected but act as policemen kind of resonated with me. Ripple's CTO David Schwartz shared his opinion on the potential advantages of embracing blockchain-agnostic solutions. Owner name: The computer system of claim 9, wherein each computer within the computer system is a personal type computer. David Schwartz cto of ripple who worked for the NSA and - Reddit But to truly decentralize the system, Schwartz is urging others to build on the XRP blockchain the way ethereum has. We dont know is the official response from a company spokesperson. The computer system of claim 1, 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. A task inputted to the system is divided into a plurality of portions. 61. ;ASSIGNOR:SCHWARTZ, DAVID J.;REEL/FRAME:004938/0770, Owner name: 49. Davids not a guy who is going to require a lot of micromanagement, Garlinghouse says. US5025369A - Computer system - Google Patents Abstract A multilevel distributed computer system for distributed processing preferably includes a plurality of personal computers. No two computers transmit on the same line at the same time. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. The two discuss the current state of NFTs, the communities involved in the space and look ahead at the evolution of this technology. In processing each task within the computer system, different portions of the task are processed at the same time by different computers. 1. GPI isnt a rebuild of their entire back office, says Harry Newman, SWIFTs global head of banking. Leading life sciences, manufacturing and technology companies rely on the group's high level of expertise for . The method of claim 63, wherein arrangement of the network includes providing that each computer within the system is of similar construction. The debate centers around trust. Ripple (aka XRP): International Payments Platform Blockchain - David 3. 60. In 2001 he landed at a company in Santa Clara, California, called WebMaster Inc., where he helped design an early cloud-based storage system. 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 and operable for transferring portions of the task and additional task bidirectionally, 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 to process one or more portions of the task is communicated to said high level computer means and the availability of said high level computer means to process one or more portions of the unprocessed additional task is communicated to said low level computer means along said first link means; and. six computers) is to be understood as merely exemplary. Preferably, the distributed computer system should include a plurality of personal computers operable for performing distributed processing to avoid the need for a mainframe. 68. 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. 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. of the central processing unit [CPU] to service a request the resource being a machine, e.g. And then, once you have all those properties, is there some use case for that?. The process involves regulatory oversight, compliance checks and other layers of protection, and is facilitated via a complex series of service agreements. A distributed computer system performing distributed processing with more than about six computers is difficult to work with since many of the same lines, disk drives, printers and other equipment must be shared by each computer. CHANGE OF NAME;ASSIGNOR:DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH;REEL/FRAME:005244/0417, Free format text: Bougalis had spent roughly a . 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. David Schwartz Explains Why He's Not Leaving Ripple Ripple Labs - Wikipedia At least two low level computers are operable for receiving an additional task, for processing, if they can, portions of the additional task and distributing for processing those portions of the additional task unprocessed by the low level computers to the at least one high level computer if the latter is currently available for processing. Ripple CTO David Schwartz urges adoption of Blockchain-Agnostic Under Schwartzs technical leadership, Ripple would like to bring global money transfers into the 21st century. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. Intercomputer communication control apparatus and method. or a company on a mission to become the connective tissue for global banks, the location of Ripples ultramodern headquarters in San Franciscos financial district couldnt be more auspicious. 4 is a block diagram of a computer in accordance with the invention; FIG. XRP was made to become the greatest asset ever created. The C link of each computer 100 is used to communicate/transfer information to or receive information from another computer 100 which is on a higher level of the system. 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 . Another object of the invention is to provide an improved distributed computer system in which there is a continuous active interconnection between computers. Reach Michael del Castillo at mdelcastillo@forbes.com. 53. Lessening of the load that any one computer is requested to process results. 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. Paged Memory Management Unit User's Manual by Motorola, published 1986-cover page, title page, copyright page pp. 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. of the central processing unit [CPU] to service a request the resource being a machine, e.g. The computer system of claim 44, wherein said communications link means includes third link means and fourth link means, said third link means coupling said at least two computer means of said low level computer means to said at least three computer means of said lower level computer means, said fourth link means coupling said at least three computer means 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 computer means on the lower level computer means are unequal. 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. David Schwartz Distributed Computer Network Patents 20 You dont need our permission, and we cant stop you, Schwartz says. 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 method of claim 28, further including transferring portions of the task along the second link means bidirectionally. 63. 17. Theyre enforcing the law in a way that doesnt have any of the normal protections that law enforcement is supposed to have. When such specific and detailed instructions are provided a distributed computer system performing distributed processing can not pass portions of a task from one computer to another computer. 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. David Schwartz - CTO @ Ripple - Crunchbase Person Profile But Schwartz, who just returned from a tour of Europes banks, faces many obstacles. Around this time Schwartz met Jed McCaleb, the founder of the Mt Gox bitcoin exchange and an early Napster competitor called eDonkey 2000. 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. 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. 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. In 2014, McCaleb became disgruntled and departed, forking, or copying, XRPs code to start rival venture Stellar. 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. Still other objects and advantages of the invention will in part be obvious and will in part be apparent from the specification. While the XRP blockchain was designed to be open to anyone and therefore independent and trustworthy, Ripple has historically had disproportionate influence over its governance. 2. By requiring that the complete task be transferred from one computer to another, a state of distributed processing is created. Ripple isnt the only blockchain startup that is after SWIFT. DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., E, ASSIGNMENT OF ASSIGNORS INTEREST. 38 min. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the. Some 57% of ether production is controlled by three mining pools. 45. Craig Wright Claims XRP is No More, Ripple CTO Responds . He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). And that really, philosophically, bothers me, Schwartz says. It is also to be understood that the following claims are intended to cover all the generic and specific features of the invention herein described and all statements of the scope of the invention, which, as a matter of language, might be said to fall therebetween. David Schwartz: Getting Ripple Stock Instead of XRP was Probably a Big The computer system of claim 46, wherein the number of third link means is greater than the number of fourth link means. 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. As a precocious preschooler in suburban Long Island in the 1970s, he began programming his fathers Texas Instruments and Hewlett-Packard calculators, mostlyto create pictures on their tape readouts. 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 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 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. 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. 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. 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. Is it really light? David Schwartz, Ripple's Chief Technology Officer (CTO), has confirmed that the majority of the company's revenue comes from selling its XRP holdings. Disclaimer: This content is informational and should not be considered financial advice. In this way Ripple hopes to transform XRP into a decentralized reserve currency for international banks. Ironically, Schwartz himself may be Ripples best weapon to prove that the XRP blockchain is actually decentralized, and thus trustworthy and secure. 35. Company, Inc., St. Petersburg, Fla., under the registered trademark ETHERNET; FIG. 36. However, a patent document shared by an XRP influencer known as XRP King Doggo IV indicates that Schwartz may have developed the rough concept for the network as far back as 1988. Cover image by Jamel Toppin for Forbes. 24. Since they launched it with the name XRPL it never got hacked nor being halted. The Ripple CTO's comments about Bitcoin and XRP came during a Zoom call with TechRadar Pro a few days ago. 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. "The endgame is just money moving invisibly, as easily as information.". Ripple's CTO invented distributed computer system 20 years before The bitcoin network came into existence with the mining of the genesis block of bitcoin on 2009-01-03. David Schwartz - CTO - Ripple | LinkedIn 32. While not the same, it is eerily similar to how validation works on the XRP Ledger. 50. 2, the number of computers shown (i.e. 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 " . DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., E, Free format text: 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. 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. 14. 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).

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