Bank of America had five patents in gaming during Q4 2023. The patent filed by Bank of America Corp in Q4 2023 relates to providing authentication within a metaverse by creating a time-limited avatar overlay for users to utilize, which can be a digital representation of an identification card or a digital token. Users can authenticate themselves within the metaverse using this avatar overlay, which can be transmitted to them upon request. GlobalData’s report on Bank of America gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Bank of America grant share with gaming as a theme is 80% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Apparatus and methods for simulating authentication within the metaverse (Patent ID: US20230372830A1)

The patent filed by Bank of America Corp. describes an apparatus and methods for providing and simulating authentication within a metaverse. Users can request authentication from a computer program, which then authenticates the user and creates a time-limited avatar overlay for them to use within the metaverse. This avatar overlay can be a digital representation of an identification card or a digital token, and users can authenticate through various methods, such as providing a real identification card to the program. The patent includes claims for an authentication computer program product, a method for authenticating a user within a metaverse, and an apparatus for authenticating a user within a metaverse, all involving the creation and transmission of time-limited avatar overlays for user authentication.

The claims in the patent detail the specific functionalities of the authentication computer program product, method, and apparatus, including receiving user requests for authentication, determining the legitimacy of the requests, creating time-limited avatar overlays, and transmitting them to users for use within the metaverse. The patent also covers various methods of user authentication, such as providing government-issued identification cards, real-time biometric attributes, or passwords to the program. Additionally, the patent mentions the use of artificial intelligence/machine learning algorithms in the authentication process and the creation of time-limited digital authentication tokens with decreasing timers to indicate the time limit for their use within the metaverse.

To know more about GlobalData’s detailed insights on Bank of America, buy the report here.

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

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.