Thursday, 5 April 2018

VPATAPP Alert_Blockchain Technology—Patent Eligible Subject Matter or Just a Business Model?



By Fritz Wetzel

Bitcoin, Ethereum and Litecoin have become household terms. Bitcoin’s unprecedented run to $20,000 (and back down again), along with similarly impressive gains by other cryptocurrency, has created a horde of so called crypto-millionaires. But how many people—including those investing large sums of money in this volatile medium—really understand bitcoin and its underlying blockchain technology? And how is this “technology”—where new “coins” debut monthly—dealt with from a patent perspective? This article aims to provide a brief background relating to blockchain technology, with a view toward how it is treated under European patent law.


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