Radware has been granted a patent for a method to control access to a protected entity by clients using access tokens. The system involves converting tokens based on access parameters and granting access when the tokens are received as payment from the protected entity. GlobalData’s report on Radware gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Radware, Automation system authentication was a key innovation area identified from patents. Radware's grant share as of April 2024 was 69%. Grant share is based on the ratio of number of grants to total number of patents.
Method for controlling access to protected entity using access tokens
A recently granted patent (Publication Number: US11943224B2) discloses a method for controlling access to a protected entity by a client. The method involves receiving a redirected request from the client, granting access tokens of a first type, identifying a conversion transaction to convert these tokens into a second type, determining a conversion value based on access parameters, and granting access to the protected entity upon receiving the required sum of the second type of access tokens as payment. The process includes validating the client, dynamically adjusting the conversion value based on access parameters, and logging transaction details for security and monitoring purposes.
Furthermore, the patent also describes an access system designed to implement the method. The system includes processing circuitry and memory containing instructions for receiving redirected requests, granting access tokens, identifying conversion transactions, determining conversion values, converting tokens, and granting access to the protected entity upon receiving the required sum of tokens as payment. Additionally, the system is configured to provide its public key to the client, enhancing the security and efficiency of the access control process. The system's ability to dynamically adjust conversion values based on access parameters and log transaction details adds an extra layer of security and flexibility to the access control mechanism, ensuring efficient and secure access to protected entities by clients.
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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.
