NIKE had five patents in blockchain during Q2 2024. NIKE Inc’s patents in Q2 2024 focus on integrating cryptographic digital assets into their products. This includes granting users authorization to produce physical units of footwear or apparel represented by digital assets, transferring digital assets between platforms using blockchain technology, and integrating digital assets into virtual software applications to enhance user experience. GlobalData’s report on NIKE gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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NIKE had no grants in blockchain as a theme in Q2 2024.
Recent Patents
Application: System and method for providing phygital forge of cryptographic digital assets (Patent ID: US20240195614A1)
The patent filed by NIKE Inc. describes a computer-implemented method that allows users who have acquired cryptographic digital assets representing footwear or apparel to produce limited quantities of physical units of the represented items. Users are granted authorization to produce a predetermined number of physical units based on the digital asset they own, and they can place orders for production through an electronic portal. The method involves extracting digital data associated with the digital asset, manufacturing the specified quantity of physical units, and fulfilling the order by shipping the units to the user or their customers. Additionally, the system can analyze various factors to determine production quantities, grant exclusive resale rights, and enable secondary market trading.
Furthermore, the method includes features such as linking physical units to digital assets through unique identifiers, assigning manufacturing authorizations based on user criteria, analyzing data to adjust generative algorithms for future products, and evaluating digital assets for physical production based on predefined criteria. Users are provided with portals for ordering, exclusive resale rights, and APIs or web applications for direct customer orders. The system also considers factors like asset rarity, market demand, user status, and engagement levels to determine production limits and restrictions. Overall, the method enables users to create physical products based on digital assets they own, facilitating personalized production and distribution 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.
