Toronto-Dominion Bank had six patents in blockchain during Q1 2024. The Toronto-Dominion Bank has filed patents for computer-implemented processes using a distributed notarized ledger to control the modification of reference data by multiple parties. Another patent involves a computer system that can receive and store ownership keys associated with digital assets on a payment card network, send requests to perform actions on the digital assets, receive permission signals, and execute the actions. 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 grant share with blockchain 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: Multidirectional synchronization of confidential data using distributed ledgers (Patent ID: US20240097915A1)
The patent filed by The Toronto-Dominion Bank describes computer-implemented processes using a distributed notarized ledger to control the simultaneous updating or modification of reference data by multiple parties. An apparatus receives a request to modify reference data, approves the modification based on notarization criteria within the ledger, records notarization data, and transmits it to the requesting system for local data modification. The system ensures data integrity and prevents conflicting modifications by utilizing temporal data, request times, and digital signatures to validate and approve changes.
The apparatus further includes mechanisms to handle multiple modification requests, establish notarization criteria based on identifiers, and replicate reference data elements across computing systems. By leveraging a distributed ledger, the system ensures secure and authorized modifications to reference data, maintaining consistency and integrity across systems. The patent outlines a comprehensive approach to managing data modifications through notarization, validation, and replication processes, enhancing data security and reliability in a distributed computing environment.
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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.
