SoLVBL Solutions Inc, an innovative cybersecurity company, said its US patent application is one step closer to approval after receiving a Notice of Allowance from the United States Patent and Trademark Office (USPTO).
The company's US Patent Application No: 16/745,664 relates to its Q by SoLVBL innovation and is described as a method and system for authentication seal development in immutable transactions.
According to SoLVBL, the notice of allowance indicates the USPTO will likely issue the patent after certain formal steps have been completed.
READ: SoLVBL Solutions completes independent test validation for its Q by SoLVBL cryptographic product
Last week, the technology firm reported the completion of independent test validations of its flagship cryptographic cybersecurity product, Q by SoLVBL. The independent testing was conducted by Sonam Devgan Kaul, Ph.D., an independent cryptography expert based in Toronto.
Together with today’s news, the company confirmed Q by SoLVBL’s intellectual property is both unique and will be protected.
As noted by the company, the patent application allows Q by SoLVBL to create the following attributes: Identity, attribution, integrity, completeness, confidentiality and portability.
"Building strong intellectual property protection around our assets is a key element of our value creation strategy. This new patent confirms the uniqueness of SoLVBL and its attributes of authenticating data at high-speed with confidence. We look forward to building on our patent portfolio as we continue to grow," Raymond Pomroy, CEO of SoLVBL Solutions said in the statement.
Q is designed to authenticate data before use, allowing users to create trust instantly.
“If you have data worth forging, it's worth protecting with Q by SoLVBL,” the company said.