Rocket has been granted a patent for a method of updating data sets using event-based conditions. The method involves adding data points, triggering events, updating conditions, and distributing tasks to distributed services for completing the data set efficiently. GlobalData’s report on Rocket gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Rocket, was a key innovation area identified from patents. Rocket's grant share as of February 2024 was 80%. Grant share is based on the ratio of number of grants to total number of patents.

Method of updating data sets using event-based conditions

Source: United States Patent and Trademark Office (USPTO). Credit: Rocket Companies Inc

A recently granted patent (Publication Number: US11921696B1) outlines a method for updating data sets using event-based conditions. The method involves adding or verifying data points in a data set associated with a user application, triggering events to indicate changes in the data set, updating conditions for completing the data set, and causing distributed services to execute action pathways to receive missing data points or verify unverified data points. The method also includes receiving data points from external services, generating data points through user interfaces, and fulfilling conditions based on user application requirements, such as for mortgage products or services. The data set is subdivided into groups stored locally by distributed services, with requests sent through a data aggregation layer to assemble the complete data set.

Furthermore, the patent describes the registration of distributed services with a condition service, the generation of conditions by distributed services, and the use of logical operations by resolvers to determine condition fulfillment. Data points can be extracted from uploaded document files, and a computer-readable medium and system are also detailed for executing the operations described in the method. Overall, the method provides a structured approach to updating data sets efficiently by leveraging event-based triggers, distributed services, and defined action pathways to ensure the completeness and accuracy of data associated with user applications.

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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.