Telefonaktiebolaget LM Ericsson has been granted a patent for a method that allows a system hosted on a mobile entity to establish trust relationships with cooperating systems. The method involves negotiating transactions between digital representatives and initiating resource use or provision based on the established trust. GlobalData’s report on Telefonaktiebolaget LM Ericsson 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 Telefonaktiebolaget LM Ericsson, IoT-5G convergence was a key innovation area identified from patents. Telefonaktiebolaget LM Ericsson's grant share as of May 2024 was 48%. Grant share is based on the ratio of number of grants to total number of patents.
Method for operating system on mobile entity to connect network
A recently granted patent (Publication Number: US12003511B2) outlines a method for operating a system hosted on a mobile entity, focusing on establishing trust relationships and facilitating resource sharing between different systems. The method involves digital representatives of systems negotiating transactions, controllers seeking to establish trust with cooperating systems, and initiating resource usage based on the negotiated transactions. The resources exchanged can include data, communication network bandwidth, processing capacity, data storage, and functionality of the mobile entity hosting the cooperating system.
Furthermore, the patent details the process of seeking to establish trust relationships by obtaining and verifying identities or security credentials of cooperating systems. It also includes steps for verifying transaction tokens, detecting the presence of cooperating systems, and sending resource usage requests. The method emphasizes the importance of determining resource sharing requirements, performing discovery processes to find cooperating systems, and utilizing existing smart contracts for transaction negotiations. Additionally, the patent covers the role of controllers in facilitating resource exchanges and providing information about negotiated transactions between systems. This innovative method aims to streamline interactions between mobile entities and enhance resource utilization efficiency in networked environments.
To know more about GlobalData’s detailed insights on Telefonaktiebolaget LM Ericsson, buy the report here.
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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.
