Developer Claims Ethereum is Stolen Intellectual Property, Files Complaints with FBI
After claiming he’d filed formal complaints with the FBI, the man who alleged that Ethereum is his stolen intellectual property says he is making his first attempt to contact the media about the theft. Although Vitalik Buterin is the identified brain behind the Ethereum project which has gained notoriety especially for its smart contract feature, Jared Mimms claims that Buterin stole his idea. Mimms’ claim. In an email to CoinTelegraph on July 9, Mimms states: “Ethereum is intellectual property stolen from me. I filed analogous property with Omega Genomics. Vitalik Buterin saw my company....
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A developer who claimed Ethereum was a stolen intellectual property and has filed a complaint with the FBI, has yet another plan of action up his sleeve. Jared Mimms is planning an ICO for his Providence project to win his case against Ethereum. He also accused the founders of Ethereum of lying over the recently completed hard fork. “With enough support,” he noted via email, “the ICO will pressurise Vitalik to license. It will raise money for the lawsuit in an international court.” He added: “Under JOBS Title III we can raise $1 million on ICO. That is enough to fulfill our stated....
While the world has evolved from storing and transferring information from paper to cloud storage, data is still not entirely protected. The existing cloud storage system used for sharing information while encrypted is centralized, and centralized systems have the inherent disadvantage of being vulnerable to hacks and attacks. However, decentralized solutions such as blockchain technology have become an excellent alternative because of their immutability. Sharing intellectual property through the blockchain network can create a more secure and reliable system because of its several....
A blockchain technology company based in Berlin called Ascribe is using the bitcoin-related ledger to help protect artists' intellectual property. The company can enable artists to retain credit to their work even when sharing their work online and can also transfer or sell their rights without having to go through a third party. These are just one of the many blockchain technology applications being harnessed currently, as some have used the ledger to create a secure land registry database or to protect digital files. Blockchain is considered immutable, as the ledger is publicly stored....
Earlier on NewsBTC we discussed about various uses of Blockchain technology. One of the applications we discussed about is regarding its use in managing and defending intellectual property. Presenting Ascribe, a company working along the same lines. Ascribe offers its intellectual property management services to the artists, collectors and galleries. Gone were the days when artists used to paint on canvas and waited days for the paint to dry so that they can paint a fresh coat. Most of the arts now used on computers or other digital devices. Unlike conventional physical paintings and....
The bitcoin block chain is well known for its use as a ledger for digital currency transactions, but it has the potential for other, more radical uses too - uses that are only now beginning to be explored. The online service Proof of Existence is an example of how the power of this new technology can have applications far beyond the world of finance, in this case, giving a glimpse of how bitcoin could one day have a substantial impact in the fields of intellectual property and law. Although in its initial stages, Proof of Existence can be used to demonstrate document ownership without....