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.
The retail giant submitted a total of seven patent filings, signaling plans to create its own digital currency and NFT collection.
Is Walmart gearing up to enter the metaverse?
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’
High percentage staking offers, a system for combating NFT fraud and a growing user base all suggest that VRA price has bottomed following its May lows.
3 developments signal that Verasity (VRA) price may have bottomed
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