Toronto-Dominion Bank had 53 patents in cybersecurity during Q4 2023. The Toronto-Dominion Bank filed patents in Q4 2023 for systems that securely distribute digital assets using permissioned distributed ledgers, predict credit scores in real-time using machine learning, manage cryptographic keys, configure data transfers based on electronic messages, and provide restricted token usage during an onboarding phase. These systems involve receiving requests, validating digital signatures, recording data on distributed ledgers, and transmitting information to devices or computing systems for further processing. GlobalData’s report on Toronto-Dominion Bank gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Toronto-Dominion Bank grant share with cybersecurity as a theme is 47% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Secure distribution of digital assets within a computing environment using permissioned distributed ledgers (Patent ID: US20230418809A1)
The patent filed by The Toronto-Dominion Bank describes computer-implemented systems and processes for securely distributing digital assets within a computing environment using permissioned distributed ledgers. The disclosed embodiments involve receiving allocation requests with digital signatures, validating these signatures, approving the requests, and allocating digital assets accordingly. The apparatus also records public keys and asset data on distributed ledgers, generating confirmation data for the recipient device. The system ensures secure and transparent transfer of digital assets through a series of verifications and approvals.
Furthermore, the patent outlines the functionality of the apparatus in detail, including operations to approve requests, record data on distributed ledgers, and transmit confirmation data to the recipient device. The apparatus validates digital signatures, ensures consistency with allocation criteria, and facilitates the allocation of digital assets based on approved requests. Additionally, the system involves the use of public and private keys, registration objects, and allocation objects within the distributed ledger to maintain a secure and organized record of asset transfers. Overall, the patent presents a comprehensive system for managing the distribution of digital assets securely and efficiently within a computing environment using permissioned distributed ledgers.
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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.
