Block had 63 patents in digitalization during Q2 2024. Block Inc’s patents in Q2 2024 focus on innovative payment processing and transaction optimization techniques. These include generating scannable identification codes for in-store purchases, using stored balances for transactions, providing discounts for combined transactions, converting appointments between in-person and virtual, and implementing a provisioning system for secure terminal transactions. GlobalData’s report on Block gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Block had no grants in digitalization as a theme in Q2 2024.
Recent Patents
Application: Merchant menus accessible to customer devices via merchant-managed identifiers (Patent ID: US20240212032A1)
Block Inc. has filed a patent for a method that involves generating an identification code scannable by a customer's device based on identifiers associated with a brick-and-mortar store and a designated area within it. The customer can then use this code to view a menu, place an order, and make a payment through their device. The method also includes customizing menus based on customer and merchant profiles, allowing for feedback and additional orders to be placed over time.
Furthermore, the patent includes provisions for downloading a progressive web application onto the customer's device, enabling the presentation of customized menus through a web browser. The method allows for various interactions between the customer and the merchant, such as placing orders, providing feedback, and making reservations. Additionally, the identification code can be associated with a customer profile, facilitating personalized menu recommendations and interactions. The patent also covers the use of different types of identifiers like barcodes, QR codes, or RFID devices for generating the identification code.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
