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Racing to file a Patent Application for Blockchains

Race to File a Patent Application Why would an inventor file a patent application covering a blockchain? Recently, many American and Chinese inventors have filed for patent applications covering blockchain technologies. IBM recently was awarded a blockchain patent (US Pat. No. 10,091,228) for detecting network security breaches. Currently, IBM has 89 blockchain patents, while Alibaba Read more about Racing to file a Patent Application for Blockchains[…]

What is a Patent?

What is a Patent?  Patents are basically ownership of a tool, product, or process and once ownership of a patent is obtained, anyone hoping to use the patent must pay the owner money which is typically provided under license.  This payment is sometimes referred to as a royalty. Ownership of a patent is like owning property and Read more about What is a Patent?[…]