Salesforce had 15 patents in regtech during Q4 2023. Salesforce Inc’s patents filed in Q4 2023 focus on authenticating database system accounts as owners of smart contracts deployed to a blockchain. The system receives blockchain information related to the smart contract, including tokens and wallets, and stores records in the database system. Additionally, a designated smart contract representation is determined based on configuration information provided by a database system account, allowing access to the smart contract template via an application exchange. This system provides computing services to multiple entities and allows for the deployment of binary executable representations of smart contracts to a blockchain. GlobalData’s report on Salesforce gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Salesforce grant share with regtech as a theme is 80% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Database representation of a public trust ledger (Patent ID: US20230368191A1)
The patent filed by Salesforce Inc. describes a method and system for authenticating a database system account as the owner of a smart contract deployed on a blockchain. The system receives blockchain information related to the smart contract, including details about tokens minted by the contract and wallets where the tokens are stored. Records are then created and stored in the database system based on this blockchain information, with separate records representing the smart contract, tokens, transactions, and wallets.
The method further includes features such as transmitting instructions to the smart contract to mint tokens, storing transaction records for token transfers, assessing risk scores for smart contracts, and denying transactions based on risk assessment thresholds. The database system maintains information about wallet objects, transactions, and tokens, stored in a dynamic schema database. Additionally, the system is designed to operate within a multi-tenant database environment, with the database system account being a tenant. Overall, the patent outlines a comprehensive approach to managing smart contracts and blockchain-related data within a database system, ensuring secure ownership verification and transaction processing.
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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.
