FMR had five patents in cybersecurity during Q4 2023. FMR LLC filed patents in Q4 2023 for secure storage and transmission of cryptocurrency encryption keys, automatic provisioning and management of secure database resources in a cloud computing environment, and a computerized method for enrolling customers into digital services using personalized media clips and AI-generated content. 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 cybersecurity as a theme is 40% 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 and transmitting them using ultrasonic sound waves between computing devices, and creating cryptocurrency wallets. The system ensures secure storage and transmission of encryption keys by validating software versions, generating signatures, and using quantum computing for key generation.
The method outlined in the patent involves a multi-step process where computing devices exchange information through ultrasonic sound waves to securely store and transmit cryptocurrency encryption keys. The first computing device activates a pairing function, analyzes software modules, generates signatures, and transmits data to the second computing device. The second device then validates the received data, generates new keys, and creates cryptocurrency deposit addresses. The system also includes a quantum computing module for generating random strings and private keys, ensuring a high level of security in the cryptocurrency transactions. Overall, the patent details a comprehensive approach to secure key management and cryptocurrency wallet creation using innovative technologies like quantum computing and ultrasonic communication.
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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.
