Search results: blockchain

59% of blockchain patents are owned by developers; BofA and IBM dominate financial and tech players

More than half of U.S. blockchain patents are owned by blockchain-specific developers, while 20% are owned by financial institutions, led by Bank of America (see pie chart below). Number three, Fidelity, has about a third as many patents as BofA. Number two, MasterCard, some 50% fewer. 13% are owned by traditional technology businesses, led by IBM, which owns […]

Blockchain patent applications doubled in 2017 to more than 1,200

 1,240 blockchain patent applications were filed worldwide in 2017, up from 594 in 2016 and 258 in 2015.  Among the leading filers were Bank of America, MasterCard, Goldman Sachs, Walmart, JP Morgan, and IBM. According to data collected by the Korean Intellectual Property Office, and reported in CryptoCurrency, more than 1240 applications for blockchain-related patents […]

China says it leads the U.S. in blockchain patents and investment

While China is no fan of bitcoin mining – it has moved to close mining operations – it is actively pursuing block chain patents, and is touting its leadership over the U.S. China is the leading country for blockchain patents with Alibaba and PBOC on top, claims TechNode, a Chinese IP publication that partners with […]

Bank of America is granted (another) blockchain-type patent

Bank of America was granted last week a patent on a “cryptocurrency transformation system” that comprises a platform to manage exchange rates between various currencies, transfer requests, and customer accounts. The timing could not be better. The price of a bitcoin as of December 12 is $17,756.96, up from $1,000 on January, and the premium on cryptocurrency and […]

Blockchain patent publications picked up speed in August

An uptick in recent blockchain patent publications may be an indication that the technology is quietly picking up steam, with competing big banks and tech businesses vying for leadership. “The US Patent and Trademark Office (USPTO) published in late August 2017 nine additional patent applications related to blockchain technology that was filed by Bank of America,” reports The Coin […]

Accenture upsets blockchain believers with patent filing

Consulting giant Accenture has rattled the cage of the fintech community by filing a patent for an “editable” blockchain that would allow a central administrator to edit or delete information stored in a permissioned blockchain system. Business Insider cites a Financial Times report that states a permissioned system is governed by a central administrator using agreed upon […]

Will blockchain technology fuel a new patent war or prevent one?

The race is on to gain control of a new technology that has the power to reinvent banking and make transactions and other agreements between parties cheaper, safer and easier to complete. Like disruptive inventions that preceded it, blockchain has businesses, large and small, jockeying for leadership. This means that patents are likely to play a […]

Patents for Financial Services Summit to examine IP system health

The 15th Annual Patents for Financial Services Summit will gather patent and IP counsel, as well as senior financial executives, to discuss recent trends in financial patent litigation, value, and patentability. The Summit will be held July 25-26 at the Sheraton Times Square in New York. Presentations include updates on CBMs, IPRs, Oil States vs. Greene, […]

“Strong IP Drives the Bottom Line” is theme of 2018 LESI Annual Conference

This year’s Licensing Executives Society International (LESI) Annual Conference will have a financial focus and take place in San Diego April 20-May 1. The plenary session keynote address by Mike Hoefflinger, “Think You Know Facebook’s Story …Think Again, and Learn Along the Way,” will look at the IP story behind the story. After working directly for Andy […]

Update: 62 weird but strangely useful facts about bitcoin

$100 invested in bitcoin in July 2010 is worth about $6M today. For many, it is still unclear if blockchain is a viable alternative currency, an investment or a scheme that has made some people rich. One Bitcoin today currently equals $7,416.88, up from under $500 over a year ago. With those multiples you can see […]

Automakers and tech giants are locked in a strange patent race

At time when patent certainty and value are under attack, global automobile manufacturers are competing with major technology companies for IP rights to the future, especially driverless cars.  The race is reminiscent of the competition between financial institutions, bigtech and fintech start-ups to control innovations in transactions, including those that relate to blockchain. The automakers, […]

Bitcoin prices dive: 58 bitcoin facts that will amuse and enlighten

It has been a decade since the appearance of bitcoin, the alternative or cryptocurrency based on a blockchain, a “decentralized” network or shared ledger that facilitates transparency.  The currency’s pricing gyrations have been nothing short of a roller coaster ride, with bitcoins trading in 2017 as low as $750 and as high as $5,000. Bitcoin […]