An introduction to patenting blockchain
Blockchain is making its way into every facet of technology, and for such a prevalent innovation, it is still widely misunderstood.
Many consider the technology to be synonymous with cryptocurrency, but in essence, blockchain is more akin to a secure and transparent digital ledger—providing the basis for patentable inventions.
Every large tech company right now is looking at how they can apply the technology to their own sector, and companies such as IBM are securing hundreds of patents to position themselves as a core standards leader in blockchain.
But how valuable are these patents? And how will that change over the coming years?