Northland Power has been granted a patent for methods involving computer-generated graphical user interfaces displaying electronic order book data. The patent includes a detailed claim outlining steps for authenticating users, providing graphical displays, sending alerts, executing transactions, and notifying users of transaction confirmations. GlobalData’s report on Northland Power 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 Northland Power, was a key innovation area identified from patents. Northland Power's grant share as of February 2024 was 80%. Grant share is based on the ratio of number of grants to total number of patents.
Graphical user interfaces for digital asset exchange transactions
A recently granted patent (Publication Number: US11928732B1) outlines a method for authenticating users on a digital asset exchange platform through a mobile application. The process involves verifying user credentials, providing graphical user interface display information, sending alerts for triggering events related to digital assets, executing transactions, and notifying users of transaction completion. The method includes steps for authenticating users using biometric data, monitoring pricing data for triggering events, and charging transaction fees for executed transactions. The patent also covers various scenarios involving different digital assets like Bitcoin, Ether, and Litecoin, as well as different benchmarked assets and price thresholds for triggering events.
Furthermore, the patent details specific user authentication data such as telephone numbers, email addresses, social security numbers, government identification card information, and usernames associated with users. It also includes provisions for biometric data authentication methods like handprints, fingerprints, retinal scans, and facial analysis. The method allows for flexibility in setting price thresholds for triggering events based on target prices, rate of change, price differences between exchanges, trade volumes, and volume differences between digital asset exchanges. Overall, the patent aims to enhance user experience and security on digital asset exchange platforms by providing a comprehensive method for authentication, transaction execution, and notification processes.
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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.
