Open Text had four patents in blockchain during Q1 2024. Open Text Corp’s patents in Q1 2024 focus on securing distributed blockchain ledgers by validating nodes and scanning data for malware/anomalies before adding new blocks. They also involve validating and installing software applications from a blockchain ledger and authorizing cryptographic key use based on cryptocurrency payments. GlobalData’s report on Open Text gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Open Text had no grants in blockchain as a theme in Q1 2024.
Recent Patents
Application: Private secure blockchain (Patent ID: US20240106631A1)
The patent by Open Text Corp describes a system for securing a distributed blockchain ledger where a first node validates all remaining nodes in the ledger using encrypted packages or split-key fragments to generate unique session keys or common keys. The system allows for the addition of new nodes by distributing split-key fragments and regenerating them if necessary, ensuring secure connections between nodes without a consensus protocol.
The method outlined in the patent involves validating all nodes in the distributed blockchain ledger by the first node using encrypted packages or split-key fragments to establish secure connections and add new blocks without a consensus protocol. The method also includes regenerating split-key fragments if insufficient, ensuring all nodes validate each other, and associating different authentication levels with exchanged encryption packages or split-key fragments. This approach offers a unique way to secure blockchain ledgers without relying on traditional consensus algorithms.
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