Atlanta, Georgia, United States
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Jerry Perullo is the Founder and CEO of Adversarial Risk Management (adversarial.com), a…

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  • Adversarial Risk Management

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  • Multi-signature verification network

    Issued US 10621579B2

    This patent describes a novel method for applying on-chain multi-signature verification to create a payment system satisfying several unique criteria. First, it removes reliance on any single depository institution to hold customer assets. Second, it provides an alternative revenue stream for traditional depository institutions aligned with their investment banking experience. Finally, it minimizes fraud by aligning the interests of the financial institutions with those of the consumer. The…

    This patent describes a novel method for applying on-chain multi-signature verification to create a payment system satisfying several unique criteria. First, it removes reliance on any single depository institution to hold customer assets. Second, it provides an alternative revenue stream for traditional depository institutions aligned with their investment banking experience. Finally, it minimizes fraud by aligning the interests of the financial institutions with those of the consumer. The system creates a competitive algorithmic market to assess and compete to acquire transaction risk at the individual payment level in real-time. Consumers begin a transaction; multiple banks assess the risk with micro latency similar to high frequency trading systems; and the consumer picks the best rate and has the transaction guaranteed against fraud - automatically if they wish.

    See patent

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