Coinbase Global has patented a system that supports batch processing and streaming data applications by loading and processing data incrementally from blockchain nodes. The system transforms raw blockchain data into a materialized dataset for efficient storage and retrieval. GlobalData’s report on Coinbase Global gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Coinbase Global, was a key innovation area identified from patents. Coinbase Global's grant share as of April 2024 was 33%. Grant share is based on the ratio of number of grants to total number of patents.

Indexing blockchain data for batch and streaming data applications

Source: United States Patent and Trademark Office (USPTO). Credit: Coinbase Global Inc

A recently granted patent (Publication Number: US11971878B2) outlines a system designed to support both batch processing and streaming data applications. The system includes a multi-layer data platform that indexes on-chain data, with operations involving populating datasets based on receiving on-chain data from a blockchain network. The first dataset stores hexadecimal encoded data from a block in a blockchain-interface layer, while the second dataset transforms this data into a columnar format and stores it in a data lakehouse layer. The method further involves detecting new on-chain data, appending it to an unbounded table, and storing it in the second dataset, enabling efficient data processing and storage.

Additionally, the patent describes a method that includes receiving, transforming, and storing on-chain data in different formats across various layers of the system. The method involves detecting new data, modifying existing data, and generating outputs based on the processed datasets. It also includes provisions for handling blockchain network reorganizations, accessing smart contract interfaces, and optimizing workflow architectures for efficient data processing. The system aims to provide a comprehensive solution for managing on-chain data from blockchain networks, enabling seamless integration of batch processing and streaming applications while ensuring data integrity and accessibility for various query operations through static table queries.

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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.