8 Companies That Have Filed Crypto Patents
Just yesterday, CoinDesk reported eBay had filed two cryptocurrency-related patents with the US Patent and Trademark Office (USPTO) - the agency responsible for issuing patents and registering product and intellectual property trademarks. In so doing, the online giant joined a slew of crypto and non-crypto companies which have also filed applications in an attempt to protect their products. Often a topic of contention in the largely open-source bitcoin community, CoinDesk has rounded up some of the most high profile patent submissions revealed to date. 1. 21 Inc. The best-funded company in....
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With the new blockchain industry growing, the rise of filing patents has become a seemingly necessary step for people starting new projects, with entrepreneurs and developers worried about patent trolls locking them out of their own ideas. A Vast Array of Patents Surround Blockchain Technology. Over the past couple years, filing patents has become a norm....
Chinese companies are angling to overtake the United States in blockchain adoption. Recent figures published by Chinese media outlets show that companies in China have filed for over half of all global blockchain patents.According to a report titled “2020 Blockchain Industry Development”, Chinese companies have applied for 4,435 blockchain patents following Chinese president Xi Jinping’s endorsement of the industry. The study was jointly compiled by Tsinghua University, Peking University, and China Institute of Communications.During a committee session in October 2019, President Xi called....
Coinbase CEO Brian Armstrong responded to the backlash against his company when it was revealed that it filed nine Bitcoin patent applications with the US Patent and Trademark Office (USPTO). The USPTO was said to have received the submissions on March 17 of this year. Immediately after this news went public it created quite the stir in the community mostly upset with the Coinbase decision. Many took to social media to voice their opinion including Bitcoin Core developer Jeff Garzik who said: Coinbase CEO Brian Armstrong responded by telling him that they needed to research how they felt....
In addition to the previous 15 blockchain patents filed, Bank of America is now trying to patent some of the uses of the Bitcoin technology, writing a draft of 20 more patents to be sent to the U.S. Patents and Trademark Office by the end of this month. So, it seems Bank of America is trying to take control over the Blockchain by getting 100% of the patents covering Blockchain technology. And this path was shown a year ago by Coinbase too. In fact, some months ago Coinbase filed patents for most of the aspects of the Bitcoin marketplace, including: Hot wallet for holding bitcoin, User....
The Bank of America has revealed it has up to 15 patents filed in the blockchain space, and intends to file 20 more before the end of the month. It seems that every day we get news that a leading financial organization is getting involved in the bitcoin and blockchain space. Last week it was the Australian Securities Exchange; the week before that it was the Chinese government; yesterday, Greg Medcraft, the head of the International Organization of Securities Commissions (Iosco), weighed in on blockchain adoption. Today, the trend continues. We’ve just learnt that the Bank of America....