The Shareability Factor: Are Patent Pools Useful for Blockchain Innovation?
https://www.law.com/legaltechnews/sites/legaltechnews/2017/11/20/the-shareability-factor-are-patent-pools-useful-for-blockchain-innovation/
Many people agree that Blockchain has the potential to disrupt multiple fields on law. This insightful article discusses using Blockchain to openly share, cross-license or trade patents, and more.
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“[T]he Blockchain Patent Sharing Alliance (BSPA), an international organization founded by blockchain organizations in the United States, Canada and China. The alliance aims to create and manage a patent pool whereby blockchain innovators, patent investors, startups, enterprises and other entities can openly share, cross-license or trade patents.
While a potentially valuable and collaborative way to support innovation, the creation of blockchain patent pools may run into their fair share of legal and operational challenges. And in such a nascent space like blockchain, it’s difficult to tell exactly what effects, if any, IP-focused tools like BPSA will have.”
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