Toronto-Dominion Bank had five patents in metaverse during Q2 2024. The patent filed by The Toronto-Dominion Bank in Q2 2024 discloses a computer-implemented method for distributing value storage tokens in bulk to multiple recipient entities. The method involves receiving a request from a token sender entity, presenting a prompt for selection of supported token providers to intended recipients, generating calls to APIs for obtaining digital representations of value storage tokens, and receiving the digital representations. GlobalData’s report on Toronto-Dominion Bank gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Toronto-Dominion Bank had no grants in metaverse as a theme in Q2 2024.
Recent Patents
Application: System and method for processing bulk transfer of digital assets (Patent ID: US20240185225A1)
The patent filed by The Toronto-Dominion Bank describes a computer-implemented method for distributing value storage tokens in bulk to multiple recipients. The method involves receiving a request from a token sender entity, presenting a prompt for selecting a supported token provider, generating calls to the API of the selected provider to obtain digital representations of the tokens, and delivering these representations to the sender or recipients. The system can also create deliverable products associated with the tokens, store digital representations for later retrieval, and monitor distribution activity.
The computing system and method outlined in the patent enable efficient distribution of value storage tokens by allowing for bulk distribution to multiple recipients through a user-friendly interface. By identifying supported token providers, presenting prompts for selection, and generating calls to APIs for obtaining digital representations, the system streamlines the process of distributing tokens. Additionally, the ability to create deliverable products, store digital representations, and monitor distribution activity enhances the overall management and tracking of token distribution. The real-time delivery of digital representations in response to transactions further adds to the system's effectiveness and responsiveness.
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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.
