Protecting IP in the Blockchain Sector
Blockchain technology has already disrupted the financial sector and new blockchain use cases are emerging every day — from corruption-proof land registries to licensing digital assets, to tracking individual diamonds. In fact, there are many who say that blockchain technology has the potential to be as disruptive as the Internet… To stop patent trolls, the Chamber of Digital Commerce launched the Blockchain Intellectual Property Council (BIPC) this year. BIPC’s goal is to develop a global, industry-led defensive patent strategy that will nip blockchain patent trolling in the bud. Its first meeting on March 30th attracted 40 participants. In the next meeting in April, that number rose to 70. The BIPC executive committee members are the “who’s who” list of blockchain stakeholders, including Chain, Digital Asset, IBM, Microsoft, CoinDesk, Blockstream, Bloq, Civic, Cognizant, Deloitte, Digital Currency Group, Ernst & Young, Gem, Medici Ventures, T0.com, TMX and Wipfli.