Block had 13 patents in cybersecurity during Q2 2024. Block Inc’s patents filed in Q2 2024 focus on techniques for storing group data objects, generating user interfaces, validating security information for secure communication sessions between mobile devices and card readers, conserving power resources in a cryptocurrency management device, and facilitating seamless payments through in-app browsers within payment applications. These innovations aim to enhance user experience, security, and efficiency in cryptocurrency management and payment processes. 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 cybersecurity as a theme in Q2 2024.
Recent Patents
Application: Group data objects and associated functionality enablement (Patent ID: US20240185211A1)
Block Inc. has developed a system that involves storing group data objects linking multiple accounts and creating user interfaces for these groups. The system receives user input data related to the group accounts, determines if it is associated with the group data object, and alters elements of the user interface accordingly. This alteration triggers a command to display a payment application on a device linked to the group data object, transitioning it to the foreground for user interaction. Additionally, the system can associate incentives with the group data object, display them on the user interface, and allow users to redeem these incentives.
Furthermore, the system can determine trigger events, such as fund thresholds being met, and automatically facilitate transactions for the group of users. It can also adjust elements of the user interface based on the group's purpose, access control tiers associated with the accounts, and additional transaction data. The system utilizes machine learning models to determine element alterations based on input types, generating training datasets from feedback data for this purpose. Overall, the system streamlines group account management, incentivizes user engagement, and enhances user experience through real-time interface adjustments and automated transaction facilitation.
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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.
