BANK OF AMERICA CORPORATION (Charlotte, NC)
What is a Patent for Security system that is adaptive in authentication based on chaining tokenization
Common ways to prevent unauthorized access to user resources includes device and user identity impersonation. Although authentication checks are utilized to protect against unauthorised access, compromised information could make authentication methods vulnerable to access by an unauthorised person. There is a need to enhance the system to generate authentic, secure authentication tokens during interaction between authorized devices and users.Click here to view the patent on USPTO website.
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What is a patent?
Patents are granted by the government in order to protect an invention. It grants the inventor the right to develop, utilize and sell the idea. Society gains when new technology is introduced to market. Benefits can be realized in the direct sense, since it can allow people to accomplish previously unattainable things, or indirectly due to the opportunities for economic growth (business expansion and job creation) that innovation provides.
Many pharmaceutical companies and researchers at universities seek patent protection for their research and development. Patents may cover an abstract or physical product or process, or even the method or composition of materials unique to the area. Patent protection is granted to an invention that is useful or novel and is not yet known by other people in the same field.
Patents reward inventors who have commercially successful inventions. They provide a motivation for inventors to create. Patents allow inventors and small businesses to know that there’s an excellent chance that they will receive a return on their time, effort and money spent on the development of technology. They can make a living by their work.
Businesses that have the capacity to:
Protect innovative products and services;
Enhance the value, popularity, and appeal of your products market;
Differentiate your business and products from the rest;
Access technical and business knowledge and information;
Avoid accidentally downloading third-party content or losing valuable information, original outputs or any other creative output.
Patents convert knowledge of the inventor into a valuable asset which creates new opportunities to create jobs by licensing joint ventures and joint ventures.
Investors involved in the development and commercialization of technology will appreciate small-scale businesses that have patent protection appealing.
Patenting can lead to innovative ideas and inventions. This information could encourage the development of new ideas and could qualify for patent protection.
Patents can be used to prevent untrustworthy third parties from profiting through the work of inventions.
Patent-protected technology that is commercially profitable could be used to finance research and development (R&D) that increases the likelihood for better technology in the future.
You can leverage the intellectual property rights of your company to convince investors and lenders that your product has commercial value. Sometimes, a single patent could lead to a variety of financing possibilities. Patents as well as other IP assets are able to be used as collateral or security to finance debt. Investors can also see the patents you own to increase their company valuation. Forbes and other publications have reported that each patent can add between $500,000 and one million dollars to company valuation.
Startups require a carefully-crafted business plan that leverages the IP to demonstrate that your product or service is distinctive, superior, or innovative. Investors will also be impressed if you have IP rights are secured or are in the process of becoming secure, and if they are in line with your business strategy.
It is vital to protect an invention prior to filing for patent protection. Making an invention public prior to filing can often destroy its novelty and render it patent-infringing. Disclosures that are filed prior to filing, like for investors, test-marketing, or other business partners, must be done following the signing of a confidentiality agreement.
There are many kinds of patents and knowing these is vital to safeguard your invention. Patents on utility cover inventions and processes that are new. Design patents cover ornamental designs. Utility patents are the best since they protect the owner from copycats and other competitors. In most cases, utility patents are issued for alterations or improvements to existing inventions. Utility patents also cover improvements and changes in existing inventions. A process patent will cover the acts or methods to perform a particular action. However, a chemical composition could be a combination of ingredients.
What is the length average of a patent? Although utility patents last for 20 years from the date of their earliest filing, they may be extended through delays at the patent office.
Are you considering patenting your ideas? As patents are only granted to first-time applicants and you must start filing quickly. Call an attorney for patents at PatentPC to file your invention now!
When drafting an application for patents it is recommended to conduct a patent search, as the search will give you some insight into other people’s ideas. You’ll be able reduce the nature of your idea. Furthermore, you’ll learn about state of the art in your field of invention. You’ll be able to get a better idea of what your idea should be and be better prepared for writing your patent application.
How to Search for Patents
A patent search is the initial step towards obtaining your patent. You can do a google patent search or do a USPTO search. Once the patent application is submitted, the product that is subject to the patent can be called patent-pending, and you will be able to locate the patent application online on the public pair. Once the patent office has approved your application, you will be able do a patent number look to locate the issued patent. Your product now has the potential to be patentable. You can also use the USPTO search engine. Check out the following article for more information. It is possible to seek help from an attorney for patents or a patent attorney. In the US Patents are issued by the US trademark and patent office, or the United States patent and trademark office, which is also responsible for examining trademark applications.
Are you interested in similar patents? These are the steps to follow:
1. Brainstorm terms that describe your invention based on the purpose, composition and usage.
Write down a brief, but precise description of the invention. Be sure to avoid using terms that are generic such as “device,” “process,” and “system.” Consider synonyms for the terms you initially chose. Also, make note of key technical terms and key words.
To help you recognize terms and keywords, you can use the questions below.
- What is the objective of this invention? Is it a utilitarian device or an ornamental design?
- Does the invention consist of a method of creating something or some function? Or is it a thing or procedure?
- What is the nature and purpose of the invention? What is the invention’s physical constitution?
- What is the goal of the invention?
- What are technical words and terms that describe the characteristics of an invention? To help you find the appropriate terms, use an online dictionary of technical terms.
2. Utilize these terms to locate pertinent Cooperative Patent Classifications for your invention at the Classification Text Search Tool. To find the best classification for your invention, look through the class scheme of the classification (class schedules). If you don’t see any results using the Classification Text Search, you may want to consider replacing the words that describe your invention with synonyms.
3. Check 3. Check the CPC Classification Definition for confirmation of the CPC classification you found. If the chosen classification has a blue box with the letter “D” on its left, clicking on the hyperlink will direct you to a CPC classification description. CPC classification definitions can be used to determine the relevant classification’s scope and therefore you’re sure to select the most pertinent. They may also provide research tips or other suggestions that can be useful for further study.
4. Find patent documents that have the CPC classification from the Patents Full-Text and Image Database. You can look through and select the most relevant patent publications by focusing first on the abstract and the drawings that are representative.
5. This selection of patent publications is the most appropriate to check for similarity to your idea. Pay attention to the claims and specification. It is possible to find additional patents by referring to the patent examiner and applicant.
6. It is possible to find published patent applications that match the CPC classification you picked in Step 3. It is possible to use the same search strategy as Step 4, narrowing your search results down to the most pertinent patent application by examining the abstract and representative drawings that appear on each page. After that, you must review all published patent applications carefully with particular attention paid to the claims as well as other drawings.
7. You can find other US patent publications using keywords searching in AppFT or PatFT databases, and also search for patents classified as not issued in the United States as according to below. Additionally, you can utilize web search engines to find non-patent-related documents that describe inventions in the literature. For instance:
- Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
- Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
- European Patent Office (EPO) provides esp@cenet to access a network of Europe’s patent databases with access to machine translation of European patents.
- Japan Patent Office (JPO) – with access to machine translations of Japanese patents.
- World Intellectual Property Organization (WIPO) offers PATENTSCOPE with a full-text search of published international patent applications and machine translations for some documents, as well as a list of international patent databases.
- Korean Intellectual Property Rights Information Service (KIPRIS)
- State Intellectual Property Office (SIPO) with machine translation of Chinese patents.
- Other International Intellectual Property Offices with online patent databases include Australia, Canada, Denmark, Finland, France, Germany, Great Britain, India, Israel, Netherlands, Norway, Sweden, Switzerland, and Taiwan.
- Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.
To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.