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Blockchain Backed Patents

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Anything related to bitcoin, crypto, blockchain

Yoda

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Nov 12, 2015
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I thought I'd open up a thread to discuss patents as they relate to blockchain, specifically.

There's an interesting "Gold Rush" going on behind the scenes, if you will, where companies (blockchain related, and non) are deeply invested (literally) in finding patents to establish.

If you think about it, there's a lot of untouched real estate to put your name on in this arena, and it's almost entirely undeveloped, relatively speaking.

Ironically, I have my own idea for my own, one which solves a massive, massive need, and it's what spurred my own research. However, as much as I can explain how (and who) could implement it, there's a pretty large gatekeeper in knowing how to get it done:
  • technological application
  • large-scale integration
  • monetization
I don't have much to add at the moment, other than I'm looking into my own solution, but figured it was a thought large enough to potentially open discussion.
 
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Roli

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Jun 3, 2015
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Interesting, I am myself working on an Ethereum blockchain solution in the area of media, I believe I'm tapping into that stream of real estate you talk of.

However I think finding patents to establish are more difficult because of the nature of the beast, what I'm seeing at the moment is a lot of people rushing to market with nonprotectable ideas, knowing full well that at this stage of the proceedings being first is as good as having a patent.

The main problems in this area are ones of distribution, there are innovative companies out there proffering solutions, however in order to get a blockchain solution implemented, you need distributed nodes to run it on, and the only way you can do that is via mining rewards, once you do this your blockchain is essentially open source and anyone can copy or fork it.

Without mining rewards, you simply have a blockchain that no one will want to run.

I believe it was Munger who said that incentive is ignored to one's peril . . .

As far as the future is concerned, I believe platforms like Ethereum, EOS, NEO, XEM, and INVACIO (to a different extent) will be the crypto leaders of tomorrow.

One day I'll write a blockchain, but for now Eth/EOS solutions will do; which I think is what most people think.

Can I ask; are you developing tokens/blockchains yourself, or you're just feeling out future opportunity in this arena?
 

LittleWolfie

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Jun 28, 2018
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Obviously one can run their own nodes, as a start. This cost of mining nodes, is a major issue behind stable coins, no rise in value means no mining inventive.
 

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