Capital One Financial had 142 patents in ecommerce during Q1 2024. Capital One Financial Corp’s patents filed in Q1 2024 focus on various innovative systems and methods. These include verifying electronic utility data records for sustainable energy utilization, detecting unauthorized transactions through messaging accounts, tracking data processing job compliance for SLAs, enabling customized navigation flows for websites/applications, and processing items or services in a container with alternative options. These patents showcase the company’s commitment to technological advancements in the financial and user experience domains. 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 ecommerce as a theme is 53% 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 allocating blockchain incentives (Patent ID: US20240104599A1)
The patent filed by Capital One Financial Corp. describes a system for verifying electronic utility data records associated with sustainable energy utilization by computing devices for blockchain mining. The system analyzes, verifies, and ranks the utility data records based on sustainable energy scores, providing incentives to devices with records above a predefined threshold level. The system dynamically adjusts the threshold level and periodically updates rankings to ensure ongoing efficiency in energy usage and incentivization.
The method outlined in the patent involves creating an oracle to compare energy data against received utility records, determining the proportion of sustainable energy usage in each record, assigning weighting factors, generating sustainable energy scores, and ranking the records accordingly. Incentives are provided to devices with records meeting the threshold level, with the system also capable of rejecting inauthentic records. The patent emphasizes real-time verification, periodic updates, and the association of incentives with mining rewards, showcasing a comprehensive approach to promoting energy-efficient blockchain mining practices through data verification and incentivization strategies.
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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.
