Open Text had two patents in mobile during Q1 2024. Open Text Corp’s patent involves a method for authorizing the use of cryptographic keys based on cryptocurrency payments. The process includes analyzing a request for a cryptographic key from a key server, and authorizing the use of the key based on the balance in a cryptocurrency wallet associated with the request. 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 grant share with mobile as a theme is 50% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Authorization of use of cryptographic keys (Patent ID: US20240020689A1)
The patent filed by Open Text Corp involves a method and apparatus for authorizing the use of cryptographic keys based on cryptocurrency payments. The system includes a key server that receives requests for cryptographic keys from devices, a wallet manager that checks the balance in a cryptocurrency wallet associated with the request, and a key authorizer that allows the use of the cryptographic key based on the wallet's state. The apparatus can withdraw funds from the wallet when the key is used and can identify the wallet based on the request or message identifier.
Furthermore, the patent includes a non-transitory computer-readable storage medium with instructions for receiving requests for cryptographic keys, determining the state of the associated cryptocurrency wallet, and authorizing key use based on the wallet's status. The instructions also cover withdrawing funds from the wallet upon key usage and identifying the wallet based on the request or message identifier. The method described in the patent involves receiving requests for cryptographic keys, checking the cryptocurrency wallet's state for threshold payments, and authorizing key use accordingly. The method also includes withdrawing funds from the wallet upon key usage and identifying the wallet based on the request or message identifier provided.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
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.
