Open Text had 55 patents in digitalization during Q2 2024. Open Text Corp’s patents filed in Q2 2024 cover a range of technologies including circular blockchains with different structures, document capture and analysis using artificial intelligence, distributed database systems for data shard management, content management linked with business objects, and a tokenization system for data anonymization and retrieval. GlobalData’s report on Open Text gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Open Text had no grants in digitalization as a theme in Q2 2024.
Recent Patents
Application: Circular blockchains (Patent ID: US20240211936A1)
The patent filed by Open Text Corp describes a system for creating a plurality of circular blockchains with different structures, including a single genesis block, multiple genesis blocks, and a combination of genesis and connection blocks. The system involves a microprocessor executing instructions to establish these circular blockchains, where the last block in each chain links back to the genesis block(s) or connection blocks. The circular blockchains can be locked or active, and may include features like hash values, digital signatures, and locking links to ensure security and integrity.
Additionally, the patent outlines a method for creating these circular blockchains, emphasizing the linking back to genesis blocks or connection blocks. The system can also create non-circular blockchains with individual genesis blocks linked together to form a genesis blockchain. Overall, the invention provides a flexible and secure approach to organizing and connecting multiple circular and non-circular blockchains, enabling efficient management and verification of transactions within a blockchain network.
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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.
