Coinbase Global. has been granted a patent for a system that enhances the indexing of custom smart contracts by identifying specific bytecode landmarks. This system retrieves and analyzes bytecode samples to determine their correspondence to known landmarks, facilitating improved transaction identification and indexing in blockchain operations. GlobalData’s report on Coinbase Global 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 Coinbase Global, was a key innovation area identified from patents. Coinbase Global's grant share as of June 2024 was 35%. Grant share is based on the ratio of number of grants to total number of patents.
Improved indexing of custom smart contracts in blockchain
The patent US12033144B2 introduces a system and method for enhancing the indexing of non-standardized, custom smart contracts by utilizing known landmarks in blockchain bytecode. The system comprises processors and memory that execute instructions to retrieve bytecode samples from a blockchain node, identify known bytecode token-type landmarks associated with non-fungible tokens (NFTs), and parse the bytecode samples to establish correlations between the bytecode and the NFTs. A key feature of the method involves determining the probability that specific portions of the bytecode correspond to these landmarks and generating index records in a blockchain index for the identified NFTs based on this analysis.
Additionally, the patent outlines various operations that can be performed to improve the indexing process. This includes retrieving multiple non-standardized NFTs, determining their respective known bytecode landmarks, and utilizing similarity metrics to assess the correspondence between bytecode samples and landmarks. The method also incorporates artificial intelligence models to enhance the parsing of bytecode samples. Furthermore, the system allows for the generation of multiple index records that reflect the temporal relationships between different blockchain operations related to the same NFT, thereby providing a comprehensive indexing solution for non-standardized smart contracts in blockchain environments.
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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.
