International Game Technology had six patents in blockchain during Q4 2023. The patents filed by International Game Technology Plc in Q4 2023 focus on a gaming system and method that involves selecting gaming devices to validate a digital ledger, allocating work units to each device, tracking play activity, and rewarding players based on their activity. GlobalData’s report on International Game Technology gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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International Game Technology grant share with blockchain as a theme is 66% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Cryptocurrency mining progressive pools (Patent ID: US20230421401A1)
The patent filed by International Game Technology Plc describes a gaming system and method that involves selecting a subset of gaming devices to operate in a digital ledger validation mode to validate a set of data records defining a digital ledger. Each gaming device is allocated a work unit, and based on play activity, a player is selected to receive a reward. The gaming machines track player activity, operate in different modes, and use hashing algorithms to validate transactions in the digital ledger. The system also involves notifying players of cryptocurrency balances, receiving side wagers, and updating data structures associated with player accounts.
The gaming machines described in the patent utilize a set of validation rules, generate hash values to validate transaction data, and determine successful validation by different gaming machines. Players are notified of rewards, and the system tracks player activity, operates in different modes, and involves selecting players to receive rewards based on random input values. The patent also details the allocation of rewards between subsets of gaming machines, updating data structures associated with player accounts, and selecting players based on various factors. Additionally, the system involves updating a progressive pool, using pseudorandom number generators, and selecting gaming machines for digital ledger validation based on specific factors.
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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.
