Block had 69 patents in digitalization during Q1 2024. Block Inc’s patents filed in Q1 2024 include an adaptive collaboration platform for generating recommendations for artists to collaborate, using transaction data to present search results in a payment service computing platform, expedited transaction processing using integrated in-store and online transactions, a streaming service platform for communication sessions and payments to artists, and a cryptocurrency management system for managing cryptocurrency securely with multi-signature addresses. 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 grant share with digitalization as a theme is 65% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Adaptive collaboration recommendation platform (Patent ID: US20240086480A1)
Block Inc. has filed a patent for an adaptive collaboration platform that generates collaboration recommendations for artists based on artist data and additional artist data in an artist population. The platform uses machine learning models to process data and derive contextual attributes to recommend collaborators that align with specific collaboration objectives such as audience growth or engagement. The system also facilitates the formation of communication channels between artists and collaborators, enhancing collaboration opportunities.
The computer-implemented method outlined in the patent involves receiving requests to generate collaboration recommendations for artists, filtering artists based on contextual attributes, and exposing the recommendations via a user interface. Machine learning models are utilized to optimize collaboration recommendations by analyzing historical collaboration matches and training data. The platform aims to enhance artist collaborations by recommending suitable partners based on relevancy scores derived from audience data and potential audience growth. Additionally, the system enables the formation of communication channels between artists and collaborators, fostering efficient and effective collaborations.
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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.
