Block had five patents in blockchain during Q2 2024. Block Inc’s patents in Q2 2024 focus on enhancing user experience in cryptocurrency management. The first patent describes a user interface for initiating payments and displaying transaction details in a conversational view. The second patent introduces a cryptocurrency management device that conserves power by transitioning components to a sleep state, activated by user touch or proximity to a wireless device. The third patent involves a machine learning model to generate reward configurations for users based on transaction activity, distributing digital assets accordingly after a point-of-sale transaction. GlobalData’s report on Block gives a 360-degree view of the company including its patenting strategy. Buy the report here.

Block had no grants in blockchain as a theme in Q2 2024.

Recent Patents

Application: Thread augmentation to include auxiliary functionality (Patent ID: US20240185209A1)

Block Inc. has filed a patent for techniques that involve generating a user interface to display a conversational view of interactions associated with a group data object, such as messages between users. The user interface includes selectable elements for initiating payments, allowing users to input payment amounts and facilitating the transfer of funds between user accounts. The interface is updated to include representations of the payments, indicating the time of the payment relative to the interactions and the source of the payment.

The patent also includes methods for displaying payment requests, selecting currencies for payments, and indicating trusted accounts. The system utilizes a trust-based model to determine trusted accounts, displays indicators for successful payments and incentives, and allows for sharing incentives between users. Additionally, the patent covers devices that interact with a payment service to send and receive interactions related to payments, display conversational views of interactions and payments, and allow users to input payment amounts and select currencies. The device interface includes elements for facilitating payments, displaying payment information chronologically, and selecting different currencies for transactions.

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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.