Toronto-Dominion Bank had 35 patents in ecommerce during Q4 2023. The Toronto-Dominion Bank‘s patents filed in Q4 2023 focus on securely distributing digital assets using permissioned distributed ledgers, managing loyalty program accounts, distributing and managing cryptographic keys, predicting cryptocurrency values for Buy Now Pay Later transactions, and configuring data transfers based on electronic messages. These patents showcase innovative ways to enhance security, efficiency, and user experience in financial transactions and account management. 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 ecommerce as a theme is 48% 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 validation steps and ledger recordings.
Furthermore, the patent outlines the apparatus's ability to approve requests based on digital signatures, record data on distributed ledgers, and transmit confirmation data to the recipient device. The process involves validating signatures, ensuring consistency with allocation criteria, and recording relevant data on the ledger. The system also supports referral processes, registration of devices, and successful customer registrations through a secure and transparent method. Overall, the patent details a comprehensive system for secure digital asset distribution within a computing environment, emphasizing validation, approval, and ledger recording processes to ensure transparency and security in asset transfers.
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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.
