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.
Okamoto explains why his “electronic cash” patent may have presented obstacles to Hal Finney’s plans to make his own electronic currency.
Renowned Cryptographer Says His Patent Was an Obstacle for Hal Finney
Tencent has reportedly expanded its dominance in blockchain patents after filing for DLT-based fund management, advertising and media storage solutions.
Chinese Tech Giant Tencent Files New Slew of Blockchain Patents
Oscar-winning director shares conspiracy theory which claims Microsoft’s recent crypto mining patent is satanic.
Oscar-Winner’s Satanic Conspiracy Theory on COVID-19 and Crypto Goes Viral
35 multinational companies have applied for 212 blockchain-related patents in China, including Microsoft and Mastercard.
Sony and Other Major Multinationals File 212 Blockchain Patents in China in 2020
General Motors patent uses blockchain to improve navigation maps, potentially for semi-autonomous driving systems.
General Motors Files Patent for a Blockchain-Based Navigation Map
Microsoft files crypto-based patent which would enable individuals to mine crypto using body activity data.
Microsoft Files Patent For Crypto Mining System Using Body Activity Data
Tech giant IBM cemented its patent leadership in the U.S., with over 9,000 received patents, including in AI and blockchain, in 2019.
US: IBM Leads Top Patent Assignees With Patents in AI and Blockchain