eBay had three patents in regtech during Q2 2024. eBay Inc filed patents for systems and methods to generate tokenized reputation scores for service providers, where user activity is rewarded with reputation tokens transferred to a blockchain account. Another patent focuses on high granularity metric (HGM)-based control for smart contract execution on a blockchain, where function calls are monitored and blocked based on control rules and detected HGMs. GlobalData’s report on eBay gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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eBay had no grants in regtech as a theme in Q2 2024.
Recent Patents
Application: Generating a tokenized reputation score (Patent ID: US20240169388A1)
The patent filed by eBay Inc. describes systems and methods for generating tokenized reputation scores. The process involves receiving data describing user activity associated with a service provider account, determining eligibility for a reputation reward, calculating the reputation reward based on the user activity data, transferring reputation tokens to a blockchain account address, generating a reputation score based on the tokens, and displaying the reputation score in relation to the service provider account. The method also includes verifying the transfer of reputation tokens, invoking smart contracts on a decentralized blockchain system, and determining redemption criteria for the reputation reward.
The system outlined in the patent includes modules such as a reputation manager, eligibility module, blockchain interaction manager, and transfer verification module implemented in hardware of a computing device. These modules work together to receive user activity data, determine eligibility for a reputation reward, calculate the reward using a decentralized blockchain system, and verify the transfer of reputation tokens to the appropriate blockchain account. The system also includes features for detecting fraudulent activity, updating reputation scores based on token amounts, and completing calls to exchanges through APIs for verification purposes. Overall, the patent details a comprehensive system for tokenizing reputation scores based on user activity and blockchain technology.
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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.
