I participated in the European Blockchain Convention talking about IP (Intellectual Property) and Blockchain. This blog post is based on that presentation.
What if I told you that patent classes were initially defined in the 19th century when gears were the next big thing?
Government patent offices are stuck in the “Gears and Pulleys Revolution” when it comes to patent law.
Although the WIPO and the USPTO have tried to classify new ideas like AI-based or blockchain-based innovations, the whole system hasn’t been updated.
New innovations can (and should) be protected with patents, even if patent law hasn’t been able to transition from gears to tech completely.
But, the systems not being updated is not the only reason innovators don’t protect their blockchain ideas. A lot of people don’t think patents can be enforced on decentralized in decentralized autonomous tech. Read more