Ford Motor had ten patents in blockchain during Q4 2023. Ford Motor Co’s Q4 2023 patents focus on innovative technologies for vehicles. These include utilizing vehicle computing resources for cryptocurrency mining during idle time, preventing smart tolling leakage, validating users with a permissioned blockchain for vehicle access control, and using smart algorithms to enhance safety during vehicle operations, such as reducing illegal passings and avoiding collisions. GlobalData’s report on Ford Motor gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Ford Motor grant share with blockchain as a theme is 40% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Methods and apparatuses for utilization of excess vehicular resources (Patent ID: US20230410100A1)
The patent filed by Ford Motor Co. describes a system where a vehicle's computing resources are used for cryptocurrency mining when they are not fully utilized, ensuring that power reserves are not depleted beyond a certain threshold. The system determines which resources are suitable for mining based on capability and availability, selects a profitable cryptocurrency to mine, and automatically engages in mining during the identified time period. The method also includes monitoring power needs, adjusting mining activities based on changing conditions, and ceasing mining if power reserves approach a critical level.
The patent further details the use of historical data to predict charging points, factors in wear on computing resources, and considers travel conditions when determining resource needs. It also outlines a method for re-evaluating power requirements during mining, stopping mining if necessary, and scheduling mining activities along a known route. Additionally, the system can analyze upcoming routes to predict resource usage, determine suitable resources for mining at specific locations, and automatically engage in mining when power reserves are sufficient. Overall, the patent describes a sophisticated system that optimizes cryptocurrency mining using a vehicle's computing resources while ensuring power reserves are maintained for essential functions.
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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.
