Telefonica has patented a method to enhance Distributed Ledger Technology (DLT) network performance by creating a federation of interconnected DLT networks. The method involves transmitting control blocks between networks, ensuring data consistency and wider consensus. This innovation aims to improve trust and integrity in DLT networks. GlobalData’s report on Telefonica gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
According to GlobalData’s company profile on Telefonica, Quantum key distribution was a key innovation area identified from patents. Telefonica's grant share as of April 2024 was 45%. Grant share is based on the ratio of number of grants to total number of patents.
Enhancing performance of distributed ledger technology networks
A recently granted patent (Publication Number: US11943287B2) outlines a method for enhancing the performance of Distributed Ledger Technology (DLT) networks. The method involves transmitting control blocks containing Proof of History information between computing nodes of different DLT networks connected by communication networks. These control blocks are validated and added to a distributed ledger, with new control blocks generated after a certain number of transactions. The method also includes requesting previously transmitted control blocks from other DLT networks and retransmitting them if confirmation messages are not received from a specified number of networks within a certain timeframe. Parameters such as Tc, Kc, and Tl are selected based on the level of trust or Detection Trust Index required in the network.
Furthermore, the patent describes a system that implements this method, comprising a group of independent DLT networks connected by communication networks. The system includes computing nodes that transmit control blocks, receive confirmation messages, and request previously transmitted blocks. The validity of control block transmission is determined based on the number of confirmation messages received from different DLT networks. The system aims to enhance the performance of DLT networks by ensuring the integrity and reliability of data transmission between nodes. Additionally, a non-transitory digital data storage medium is provided for storing a computer program that enables the execution of the method outlined in the patent. This innovation in DLT technology could potentially improve the efficiency and security of blockchain networks by optimizing data transmission and validation processes.
To know more about GlobalData’s detailed insights on Telefonica, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
