S research found a spike from 2 blockchain patents and 25 blockchain patent applications in 2015 to 32 patents and 341 applications in 2017. The blockchain, the digital ledger system that underlies the boom in cryptocurrencies like bitcoin, is an innovation born within the open-source software community, where software coders pride themselves on the sharing of information. "There's certainly a lot of money there." -Matt Rappaport, co-founder of patent strategy firm IP Checkups. The top 5 holders of bitcoin patents and/or patent applications are Game Play Network, Bank of America, IBM, Elwha (an affiliate of Intellectual Ventures) and. Recent Supreme Court rulings have eliminated the most extreme excesses of the tech patent wars, and it is now much harder to get a patent that is no more than a form of taking something already being done for years and doing it.
Edison had 1,000 lightbulb projects that failed." IBM developed a new blockchain-based payment platform to speed up cross-border payments earlier this year. "There do seem to be a large number of companies claiming some pretty fundamental blockchain technologies he added.
But retailers in the stream can combine the shipping address with the bitcoin transaction data and publish the combined data to the stream; next, telecommunications companies downstream from the retailers may correlate the IP (Internet Protocol) addresses of the transactions to countries of origin; and. Bessen, while not a blockchain expert specifically, has written widely on innovation and intellectual property and said some of the blockchain patents concern him precisely for being overly broad. Many patents ultimately acquired by patent trolls led to lawsuits against businesses large and small challenging any e-commerce transactions, and the courts sided with the patent trolls. He acknowledged that his history in the software boom might lead many to conclude that he sees dollar signs in amassing blockchain patents he bought a portfolio of tech patents in the 90s for 1 million and turned that into 150 million but Spangenberg sees. "It is a curious path how a collection of misfit trolls, geeks and wonks ended up here but we are going to crush it and make a fortune.". SeongJoon Cho Bloomberg Getty Images, the bitcoin logo is displayed on a power supply unit at a cryptocurrency mining facility in Incheon, South Korea, on Friday, Dec. Morgan and Goldman Sachs, had been involved in a big open-source blockchain project, R3, but it saw those banks and others drop out last year. Riot, -14.31 was atop the list, falling as much as 35 after a cnbc investigation revealed dubious activity among top-ranking officials. He cautioned that some of the patents he reviewed may overlap involving both bitcoin and blockchain. "There are a lot of applications out there that people do to make their company look good with press releases and fluff, when they want to make their company look good. Elsewhere, the SEC halted trading of three companies regarding the valuation of recent blockchain technology-related acquisitions.
Amazon did not immediately respond to Motherboards request for comment. Related to blockchain and bitcoin remains difficult to assess, but the growth in the past few years has been significant, according to Pedram Sameni, president and CEO of crowd-based intellectual property company Patexia. Amazon, the online retail and technology giant owned by billionaire Jeff Bezos, won a patent in the US for a subscription feed that the company claims could identify Bitcoin transaction participants for governments and law enforcement.