Block saw the highest growth of 2.43% in patent filings in May and 0.99% in grants in April in Q2 2024. Compared to Q1 2024, Q2 2024 saw an increase in patent filings by 1.12% and grants by 0.99%. GlobalData’s DataBook provides a comprehensive analysis of Block‘s patent filings and grants. Buy the databook here.
Block has been focused on protecting inventions in United States(US) with 61 publications in Q2 2024
The United States(US) Patent Office dominates the patent filings and grants with nearly 77% filings and 86% grants. The United States(US), Australia(AU), World Intellectual Property Organization(WIPO), and European Patent Office(EPO) patent Office are among the top ten patent offices where Block is filings its patents. Among the top granted patent authorities, Block has 86% of its grants in United States(US) and 14% in Canada(CA).
Mastercard could be the strongest competitor for Block
In terms of grant share, Block stands first among its competitors followed by Mastercard and Block.
Patents related to digitalization and fintech lead Block's portfolio
Block has the highest number of patents in digitalization followed by, fintech and digital banking. For digitalization, nearly 13% of patents were filed and 14% of patents were granted in Q2 2024.
Payment services related patents lead Block portfolio followed by payments, and pos
Block has highest number of patents in payment services followed by payments, pos, mobile and electronic wallets, and mobiles, hand-helds, pdas, smartphones. For payment services, nearly 11% of patents were filed and 13% of patents were granted in Q2 2024.
For comprehensive analysis of Block's filings and grants, buy the databook here.
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