FMR had one patents in blockchain during Q4 2023. The patent describes methods and apparatuses for secure storage and transmission of a cryptocurrency encryption key using a combination of quantum computing, encryption, and ultrasonic sound waves for enhanced security. GlobalData’s report on FMR gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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FMR grant share with blockchain as a theme is 0% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Secure storage and transmission of a cryptocurrency encryption key (Patent ID: US20230421363A1)
The patent filed by FMR LLC describes methods and apparatuses for secure storage and transmission of a cryptocurrency encryption key. The apparatus includes components such as a microprocessor, security module, quantum computing module, speaker, and microphone. The method involves generating private and public keys, encrypting the private key, creating signatures, and transmitting data via ultrasonic sound waves between computing devices. The process includes functions for pairing, validating software versions, creating cryptocurrency wallets, and generating deposit addresses.
The system outlined in the patent involves a first computing device with various components like a microprocessor, security module, quantum computing module, speaker, and microphone, as well as a second computing device with similar components. The method includes steps for pairing devices, validating software versions, creating cryptocurrency wallets, and generating deposit addresses. Ultrasonic sound waves are used to transmit data securely between the devices, ensuring the secure storage and transmission of cryptocurrency encryption keys. The system provides a comprehensive approach to secure cryptocurrency transactions and storage through innovative technology and processes.
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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.
