A patent is an exclusive right granted to an inventor in exchange for the disclosure of the invention, offered by a sovereign state or intergovernmental organization. A patent is a form of intellectual property and is granted only for some period of time. Patented technology is protected against it being duplicated for the commercial use of other entities other then its inventor. Being an important part of many businesses, technological and fintech patents are strongly protected. Still, there is room for further development. For example, blockchain patents can help with validating data about the invention and in proving the time of its establishment. Blockchain network for patents, alongside networks for storing other crucial data, such as health information or renting contracts, are an important field of study and are in the process of development.
Microsoft’s new device is designed to allow developers to write code for managing tokens in a manner that is blockchain agnostic.
Microsoft wins US patent for ‘ledger-independent token service’
The sales or licensing of patents via NFTs, automated by the use of smart contracts, could benefit potential buyers, sellers, or licensees.
Nonfungible tokens: A new paradigm for intellectual property assets?
Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most-cited developer of patents in the industry.
Chinese holding firm Ping An overtakes Tencent in blockchain patents race
If blockchain companies continue to neglect to acquire patents, they will struggle to convert their ideas into commercial success.
Blockchain companies can’t afford to stay on the patent sidelines
Many gamblers may no longer need to use Bitcoin ATMs in casinos, as they could transfer their crypto directly to casino gaming accounts.
Slot machine manufacturer gets patent for crypto payment options
Coinbase will help COPA on its journey of defending against patent overreach.
Coinbase becomes a founding member of Square’s crypto patent group
Upstart blockchain firm Bots Inc. claims it can demand between $14 million and $18 million in monthly revenue after acquiring a patent to Bitcoin ATM technology...
New patent holder wants $18M a month from US Bitcoin ATM operators