BlackRock. has been granted a patent for a universal cloud connector that utilizes an integrated API to manage client data. The system features an authentication layer for secure access and a data segregation layer for real-time synchronization of client bank records, supporting multiple clients through a multi-tenant server. GlobalData’s report on BlackRock gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on BlackRock, Insurance pricing automation was a key innovation area identified from patents. BlackRock's grant share as of July 2024 was 61%. Grant share is based on the ratio of number of grants to total number of patents.
The patent US12069185B1 outlines a method and system for integrating client data and services through a single connector at a multi-tenant server. The process begins with the reception of data requests from multiple client systems, which are routed via an application programming interface (API) management system. These requests are stored in a queueing system, and authentication keys are retrieved to authenticate each client based on their unique identifiers. The system determines different access levels for each client, allowing for tailored data access. Following authentication, the system processes the requests to generate and transmit data responses back to the clients, ensuring that each client receives information according to their specific access rights.
Additionally, the patent describes various functionalities, including the ability to handle multiple data requests asynchronously and support for different types of requests, such as synchronization and data processing exceptions. The connector can also facilitate real-time document retrieval from external providers and manage trading orders through web API calls. The system is designed to create user profiles when requests are not associated with existing profiles, enhancing user experience and data management. Overall, the patent presents a comprehensive framework for efficient data integration and service delivery in a multi-tenant 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.
