The Toronto-Dominion Bank (Toronto, CA)
A device is protected by a security element, which includes an internal memory that holds at least one address, a set of rules, as well as a state of the asset. The processor is designed to respond to a request to modify the asset’s state with an address. It will confirm the request in the event that it changes the asset’s state in accordance with the established rules and will reject the request in the event that it changes the state of the asset in violation of set rules. In the event that the secure element has validated the request, a communications module is attached to the secure element. The module relays information through a distributed network to processors that are peer to.
Distributed electronic ledgers, such as block chains, have generated interest in a variety of fields as a decentralized storage system that is reliable and independent validation.
A block chain is a distributed database comprising blocks of data records (e.g. transactions records). Each block is time stamped and an hash of the preceding block. Blocks are used to verify legitimate transactions. Miners, or users who are mining, perform proof-ofwork during the process of creating the blocks. The time required to carry out the proof-ofwork procedure could cause significant delays between the time an authentic transaction is received by one of the miners and the integration of the transaction into the block.
In certain embodiments devices, they include an element that is secure, which includes a memory, a processor and an electronic communications module. The memory can store at minimum one address, and at least one key associated with the address, a set rules, and a state of the asset. The processor can be set to receive a request to modify the state of the asset associated to the address. It will confirm the request if it is in accordance with the rules set out and will reject the request in the event that it alters the status of an asset in violation of the set rules. The communication module is connected to the secure elements for transmitting the request through a distributed network to peerprocessors. This permits the recording of changes in asset state in a distributed electronic ledger.
A point-of-service terminal may include one of the first secure elements which keep an address as well as the key. It also contains a set instruction and an established processor. The first processor is set according to the set of instructions. This includes: receiving the second request from a secure entity to execute the specified action. A secure element reader is coupled to the initial processor to send the first request to the second secure element, and receiving the secondrequest from the second secure element.
A method may include: creating a request to make changes to the state of the asset or its status and submitting the request to secure elements that contain at least one address and at most one key, in addition to a set of rules. Invalidating the request within secure elements in the event that changing the state of the asset in accordance with the the set of rules. Transferring the request to a distributed system to handle the request in the event that the secure element is able to validate it.
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Granted by the government to safeguard an invention, patents give the inventor with exclusive rights to create, use, sell and promote the invention? Society is benefited when a brand new technology is brought into the marketplace. The benefits may be the direct sense, since it may allow people to accomplish previously unattainable things. Or indirectly, through the economic opportunities (business expansion and job creation) that innovation provides.
Patent protection is sought out by many universities and pharmaceutical companies to aid in their work in research and development. Patents can be granted for a product, process, or method for making new materials. To be granted patent protection the invention has to be beneficial or novel, as well as not readily apparent to anyone else in the same field.
Patents are a way to reward inventors for their commercially successful inventions. They provide a reason for inventors to invent. Small businesses and inventors are certain that they will receive the most return from the investment they make in technology development via patents. They can earn a living by their work.
Patents are essential to firms and can be used to:
Create and protect innovative products and services;
Your products will be more prominent, valuable, and attractive to customers.
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Avoid accidentally using third-party content or loosing valuable information, innovative outputs or any other creative output.
Patents transform inventors’ knowledge into a commercially tradeable asset, which creates new opportunities for job creation and business growth through licensing or joint ventures.
Investors involved in the development and commercialization of technology may find small-scale businesses that have patent protection to be more attractive.
Patenting could lead to the development of new ideas and inventions. This information could encourage innovation and may qualify for protection under patents.
Patents can be used to prevent untrustworthy third-party companies from earning through the work of inventions.
The profits from technology patents that are successful and commercially viable could be used to finance research and development (R&D) and boost the likelihood of improved technology in the near future.
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Start-ups need a well-constructed business plan that leverages the IP to prove that your product/service is distinct and superior or ingenuous. Additionally, investors will be impressed when you show that your IP rights are secure or are in progress of being secure, and that they are in line with your business strategy.
It is crucial to keep your invention secret until you file for patent protection. It is crucial to keep an invention secret before making a patent application. Public disclosure can often cause the loss of novelty in the invention and render it inepatentable. Disclosures that are filed prior to filing, like for investors, test marketing, or any other business partners, should be done only after signing a confidentiality contract.
There are several types of patents, and understanding them is essential to protecting your invention. Utility patents protect new processes and machine creations. Design patents cover ornamental designs. Patents for utility are the most effective since they protect the owner from copycats and other competition. Most often, utility patents are issued to improve or modify existing inventions. Utility patents can also be used to cover improvements and modifications in existing inventions. A process patent would be a way to describe the actions or methods of performing a particular act. A chemical composition would include the combination of ingredients.
What is the average length of a patent? While utility patents are valid up to 20 years from their earliest filing, they are able to be extended through delays at the patent office.
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How to Search for Patents
A patent search is the very first step towards obtaining your patent. You can do a google patent search or do a USPTO search. Patent-pending is the name used to describe the product included in the patent application. You can use the public pair to locate the patent application. After the patent office approves your application, you’ll be able to do an examination of the patent number to discover the patent granted. The product you are selling will then be patentable. In addition to the USPTO search engine, you may also use other search engines such as espacenet as described below. Patent lawyers or a patent attorney can assist you with the procedure. In the US, patents are issued by the US patent and trademark office, or the United States patent and trademark office, which also reviews trademark applications.
Are you looking for similar patents? These are the steps to follow:
1. Create a list of terms to describe your invention based upon its purpose, composition, and usage.
Begin by writing down a brief, precise description of your idea. Avoid using generic terms like “device,” “process,” and “system.” Look for synonyms to the terms you initially chose. Then, note important technical terms, as well as key words.
Use the questions below to help you identify the keywords or concepts.
- What’s the goal of this invention? Is it a utilitarian device or an ornamental design?
- Is inventing a method to come up with something or to perform a function? Is it a product or process?
- What is the composition and function of the invention? What is the physical structure of the invention?
- What is the goal of this invention?
- What are the technical words and terms that describe the essence of an invention? To assist you in finding the appropriate terms, use an online dictionary of technical terms.
2. Utilize these terms to locate relevant Cooperative Patent Classifications at the Classification Text Search Tool. If you’re not able to determine the correct classification for your invention, go through the class Schemas (class schedules). Think about substituting the words you use to describe your invention if you fail to find any results in the Classification Text Search with synonyms such as the terms you used in step 1.
3. Review 3. Go over the CPC Classification Definition to verify the validity of the CPC classification you’ve located. If the chosen classification has a blue box with a “D” on its left, clicking on the link will lead you to the CPC classification definition. CPC classification definitions can be used to determine the scope of the classification and therefore you’re certain to choose the one that is relevant. These definitions may also include research tips or other suggestions that could be helpful for further investigation.
4. The Patents Full-Text Database and the Image Database allow you to search for patent documents that have the CPC classification. You can look through and narrow down the most relevant patent publications making a focus on abstract and representative drawings.
5. Use this selection of the most relevant patent publications to look at each one thoroughly for similarity to your idea. Take note of the specification and claims. Consult the applicant and patent examiner for any additional patents.
6. Find patent applications published in the public domain using the CPC classification you selected in Step 3 in the Applications Full-Text and Image Database. You may also employ the same strategy of searching you utilized in Step 4 to narrow your search results down to just the most relevant patent applications by looking over the abstracts and drawings on every page. Next, examine all published patent applications carefully with particular attention paid to the claims, and other drawings.
7. You can search for additional US patent publications using keyword searching in AppFT or PatFT databases, and also classification searching to find non-U.S. Patents as described below. Also, you can make use of search engines on the internet to find non-patent patent disclosures in literature about inventions. Examples:
- 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.