Capital One Financial had 32 patents in blockchain during Q2 2024. Capital One Financial Corp filed patents in Q2 2024 for systems and methods related to enhancing security in decentralized computing systems, identifying malicious wallet addresses, managing user accounts based on risk values, verifying authenticity of items using blockchain operations, and recovering lost blockchain wallet seed phrases. These patents focus on improving security, preventing malicious activities, and providing secure access to sensitive information in blockchain environments. GlobalData’s report on Capital One Financial gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Capital One Financial had no grants in blockchain as a theme in Q2 2024.
Recent Patents
Application: User authentication in decentralized computing system environment (Patent ID: US20240211564A1)
The patent filed by Capital One Financial Corp. describes a computing system that authenticates users before allowing blockchain functions, using biometric information, smart contracts, and network usage costs to prevent brute force attacks. The system employs a smart contract to assist with user authentication, increasing network usage costs as authentication attempts fail to deter malicious actors. Additionally, the system utilizes various biometric information for enhanced verification and security during the authentication process.
The patent outlines a method for user authentication in a distributed system, involving obtaining user information, generating authentication input requests, and increasing network usage costs for failed authentication attempts. By incorporating smart contracts and biometric data, the system aims to prevent brute force attacks by making it cost-prohibitive for malicious actors to continue such attacks. The method also includes features such as location-based authentication, anomaly detection models, and secret reproduction verification to further enhance security measures and protect against unauthorized access.
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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.
