VeriSign has patented a method for providing fractional control of a domain name by multiple entities using blockchain technology. The system allows for authorizing or refusing modifications to the domain name based on the fractional control status stored in a registration database. GlobalData’s report on VeriSign 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 VeriSign, EMV tokenization was a key innovation area identified from patents. VeriSign's grant share as of February 2024 was 55%. Grant share is based on the ratio of number of grants to total number of patents.
Fractional control of domain names by multiple entities
A recently granted patent (Publication Number: US11924161B1) outlines a method and system for providing fractional control of a domain name by multiple entities. The method involves storing a representation of the domain name on a blockchain along with identifications corresponding to each entity with fractional control. This allows entities to authorize or refuse modifications related to the domain name. The system includes an executable program, a memory containing instructions, and a processor to execute the operations. The method further includes receiving requests to update domain name system data, determining authorization based on blockchain addresses, and updating the data accordingly.
Additionally, the patent describes features such as providing an interface for entities to access the executable program, determining registration status based on communications from blockchain addresses, and storing a fractional control status in a domain name registration database. The system also includes provisions for conveying registration requests to the executable program and authorizing registrations based on communications from entities associated with the domain name. The patent emphasizes the use of blockchain technology to enable fractional control of domain names, ensuring secure and transparent management of domain name modifications and authorizations. This innovative approach aims to enhance the efficiency and reliability of domain name management processes by involving multiple entities in the decision-making process.
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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.
