eBay had 11 patents in blockchain during Q1 2024. eBay Inc’s patents filed in Q1 2024 focus on technologies related to blockchain address verification, function level permissions control for smart contract execution, storing and reassembling data in a distributed application architecture, and controlling transactions on a blockchain. These technologies aim to enhance security, data storage efficiency, and transaction management on blockchain networks. GlobalData’s report on eBay gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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eBay grant share with blockchain as a theme is 45% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Blockchain-based authentication and authorization (Patent ID: US20240054437A1)
The patent filed by eBay Inc. describes a method and system for verifying ownership of a blockchain address by receiving a request from a second computing device, generating challenge content, sending the challenge content to the second device, receiving a signature with a hash of the challenge content, validating the signature using a public key associated with the blockchain address, and associating a characteristic of the user account with the blockchain address upon successful validation. The technology involves encoding the public key in the blockchain address, linking reputational scores or rankings to the user account, updating user accounts based on past transactions, and associating global unique identifiers with user accounts.
The disclosed method and computing system enable secure verification of ownership of blockchain addresses associated with user accounts by generating challenge content, validating signatures using public keys, and associating characteristics such as reputational scores, permissions, and global unique identifiers with the blockchain address. The system allows for updating user accounts based on past transaction history recorded on the blockchain, determining reputational scores, and linking reputational information to external identifiers. Additionally, the technology can be applied to cryptocurrency wallets, auction sites, and other services requiring secure verification of ownership.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
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.
