Bitcoin Forum

Economy => Economics => Topic started by: Byzantium101 on March 05, 2018, 09:47:25 PM



Title: Agressive Patenting
Post by: Byzantium101 on March 05, 2018, 09:47:25 PM
I just read this article about PayPal presenting a patent application for a typically blockchain based technology.

https://cointelegraph.com/news/paypal-files-patent-for-system-to-speed-up-cryptocurrency-transaction-times (https://cointelegraph.com/news/paypal-files-patent-for-system-to-speed-up-cryptocurrency-transaction-times)

Many companies have gotten used to make patents not to innovate, but to prevent others from actually being able to innovate without being at risk of getting sued, many times without any real ground. This prevents small companies to evolve as the minefield is plagued with terribly expensive intellectual property torts.

Could this become a problem in the crypto world?