IP Trolling Becomes a Threat as More Firms File Blockchain Patents
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....
Related News
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....
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....
In addition to 15 previously filed blockchain-related patents, Bank of America is now reportedly drafting up another 20 patents that will be submitted to the US Patents and Trademark Office (USPTO) later this month. While numerous reports from regulators, settling houses and even governments talk up the potential of Bitcoin’s underlying technology – the blockchain, Bank of America (BOA) is trying to get ahead in the blockchain space as one of the few big financial institutions actively filing patents related to crypto technology. Speaking to CNBC, a spokesperson for the bank revealed that....
Recently Bitcoin.com reported on the multinational financial services firm Mastercard releasing blockchain APIs. Now the payment processing company is filing for four blockchain patents. Mastercard Files Patents for Blockchain-Based Settlement. Mastercard is taking the blockchain phenomenon very seriously. Just a few weeks after revealing its....
IBM’s partner IPwe will tokenize patents as non-fungible tokens (NFTs), according to a press release. The company will build an infrastructure to store the NFTs. The objective is to improve the way patents are traded. IPwe hopes to “bring new liquidity to this asset class for investors”. Hosted on IBM Cloud, IPwe’s platform operates as […]