Bank of America had 19 patents in future of work during Q1 2024. The Bank of America Corp filed patents related to intelligently storing data using robotic process automation and blockchain, integrating real-world interactions into a virtual environment, parsing electronic resource segments using a machine learning engine, tracking and analyzing bot performance, and a virtual assistant factory supporting back office operations. These patents focus on improving data storage, user interactions, resource parsing, bot performance, and virtual assistant support within computing systems. GlobalData’s report on Bank of America gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Bank of America grant share with future of work as a theme is 42% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Intelligently storing data in a fault tolerant system using robotic process automation and blockchain (Patent ID: US20240095225A1)
The patent filed by Bank of America Corp. describes a method and system for intelligently storing data in a fault-tolerant system using robotic process automation and blockchain technology. The system involves generating a parent table to store data points, assigning commit numbers and row numbers to each data point, and creating ledger systems to illustrate relationships between the data points. The system can receive requests to modify or restore the parent table, and based on authorization, make changes to the ledgers to reflect modifications to the data points.
The method outlined in the patent involves generating commands to store data points, creating commit nodes and row hash nodes, and generating ledger systems to track relationships between data points. The system can receive requests to modify data points, identify corresponding nodes in the ledger systems, and update the relationships accordingly. Additionally, the system can determine authorization for modifying data points based on access authorization databases. The patent also covers the process of restoring the parent table to a previous state by removing data points and nodes linked to removed data points. Overall, the patent describes a comprehensive system for storing and managing data in a fault-tolerant manner using blockchain and robotic process automation technologies.
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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.
