Capital One Financial had 40 patents in cloud during Q1 2024. Capital One Financial Corp’s patents in Q1 2024 focus on innovative technologies such as generating cryptographic tokens for blockchain operations, cloud tracking systems for managing multiple accounts with a cloud computing provider, user authentication through modified images, improving cloud services through data sharing, and real-time user data collection and organization for predictive modeling. 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 grant share with cloud 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: Systems and methods for user control and exclusion of cryptographic tokenized data (Patent ID: US20240089105A1)
The patent filed by Capital One Financial Corp. describes a system and method for generating cryptographic tokens based on received records. The system involves receiving a blockchain operation request with records, encrypting the records into an encrypted payload, generating a cryptographic token based on the payload, and committing the token to a blockchain. The system allows for transferring control of the token between different cryptography-based storage applications by encrypting records with different public keys and replacing encrypted payloads. Additionally, the method enables users to access records associated with the cryptographic token by decrypting payloads using private keys and storing them in cloud storage.
The patent also includes instructions for generating payload identifiers, setting controlling addresses for tokens, and encoding payloads into tokens. It further details operations for transferring control of tokens between storage applications, retrieving payload identifiers, and replacing encrypted payloads. The system aims to provide secure and efficient access to records stored in cryptography-based applications by utilizing cryptographic tokens and blockchain technology. By encrypting records, generating tokens, and enabling controlled access to encrypted payloads, the system ensures data security and integrity while facilitating data transfer and storage across different applications.
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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.
