DocuSign’s patented method involves coordinating multiple trust service providers to perform different trust actions on the same electronic document. The process includes selecting providers based on the requested action, obtaining proof of completion, and can involve actions like authentication, authorization, and digital signatures. GlobalData’s report on DocuSign 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 DocuSign, Smart Contracts was a key innovation area identified from patents. DocuSign's grant share as of April 2024 was 43%. Grant share is based on the ratio of number of grants to total number of patents.
Coordinating multiple trust actions on electronic documents
A recently granted patent (Publication Number: US11962578B2) outlines a method involving the use of processors to receive transaction requests related to trust actions on electronic documents. The method includes selecting trust service providers based on the requested trust action, coordinating with the selected providers for action performance, obtaining proof of action completion, and validating recipient signatures or initials within the document. The trust actions can include authentication, authorization, digital signatures, or electronic signatures. The method also involves using authorization codes issued by a digital transaction management platform to identify transaction requests and determining the type of trust action based on various factors such as sender identity, location, organization association, and document content.
Furthermore, the patent describes a non-transitory computer-readable medium with instructions for executing the method, including obtaining proof of trust action completion from the selected service providers, validating recipient signatures, and performing actions on rasterized images of electronic documents. The instructions also involve determining the type of trust action based on sender and recipient settings, authentication token properties, and document content. Additionally, the patent includes a system comprising memory with encoded instructions and processors to execute the method, select trust service providers, coordinate action performance, obtain proof of completion, and validate recipient signatures or initials within the electronic document. The system also involves determining the type of trust action based on various factors such as sender identity, location, organization association, and document content.
To know more about GlobalData’s detailed insights on DocuSign, 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.
