DocuSign had three patents in blockchain during Q1 2024. DocuSign Inc’s patent filed in Q1 2024 describes a system and method for managing electronic contracts with hybrid runtime execution. The system includes a contract execution service with integrations to external resources, allowing for the establishment of electronic contracts with executable programmable components and natural language components. The system can change the state of the contract, generate contract events, and extend execution to an on-chain environment or external application resource based on the type of event triggered. 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
DocuSign grant share with blockchain as a theme is 66% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: System and method for a hybrid contract execution environment (Patent ID: US20240028587A1)
The patent filed by DocuSign Inc. describes a system and method for managing electronic contracts for hybrid runtime execution. The system includes a contract execution service with integrations to external resources, such as on-chain runtimes. The system allows for establishing electronic contracts with executable programmable and natural language components, changing the state of the contract, generating contract events, and extending execution to on-chain environments or external application resources based on the type of contract event.
The claims associated with the patent detail the specific functionalities of the system, such as determining contract events, executing contracts in on-chain environments, generating contract events based on state changes, storing data on blockchains, and mapping contract events to external application resources. The system can operate in various environments, including blockchain or distributed ledger environments, and interact with different types of resources like public blockchains, distributed ledger networks, or private servers. Overall, the patent outlines a comprehensive system for managing electronic contracts with a focus on hybrid runtime execution and integration with external resources.
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.
