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Bank of America Tops IBM, Payments Firms With Most Blockchain Patents (bloomberg.com)
Bank of America may not be willing to help customers invest in Bitcoin, but that doesn't mean it isn't plowing into the technology underlying the cryptocurrency. From a report: The Charlotte, North Carolina-based lender has applied for or received at least 43 patents for blockchain, the ledger technology used for verifying and recording transactions that's at the heart of virtual currencies. It is the largest number among major banks and technology companies, according to a study by EnvisionIP, a New York-based law firm that specializes in analyses of intellectual property. "Based on what's publicly out there, the technology sector hasn't embraced blockchain as much as the financial-services industry," Maulin Shah, managing attorney for EnvisionIP, said in an interview. International Business Machines Corp., which has targeted blockchain and artificial intelligence for future growth, tied with Mastercard Inc. for second on the list, with 27 each.
I want to patent gold can i patent gold while we're at it?
They didn't invent this tech yet they're patenting the shit out of it.
The people that work at the USPTO need to be shot.
Still waiting on Serviscope_minor to wake up to fucking reality and realize that Jessica Price isn't going to fuck him.
This is all for show. Blockchain is only useful in a p2p/decentralized currency. Using it within a company turns it into a cumbersome database
The article was written by someone not well versed in blockchain tech. Just look at the claim that bct will help banks to speed their processing speed. ROFL
Nor should implementing them on existing classes of hardware be allowed.
As for special-purpose hardware, yes, that's what patents are for, but you should get the patent on the hardware for what that hardware does better than existing hardware.
You wanted big government, you got it.
If not, I am here for you
Knife stabs and shreds patent. I tend to agree that the USPTO should be put to pasture. Copyright is so 200 years ago. Knowledge should be collective. And open-source ideas can't be patented. I'll show you BOFA just how well your shit holds up in court - just well enough to put down one person, because one bailiff probably couldn't restrain two people from eviscerating your ugly fucking faces.
Seriously, if the USPTO has the ability to decree from up on high who owns what idea, who owns them? They're just people; fallible, often wrong, and addicted to a capitalistic system of the world supported by yesteryear. Them handing BOFA a patent for blockchain is like a bum handing a passerby a flyer for party that happened last week and there's used bubblegum on it.
The power of a patent is confounding. Many people think of it as a way to protect a product that you will sell. It's sorta the opposite: A patent simply prevents others from using the thing. In many cases, there is no intention to create a product at all; only to prevent others. This may be one of those cases.
...omphaloskepsis often...
With our fun new "first to file" patent system, not only can corporations beat almost any inventor to locking up an idea, we've nearly completely killed open science! And while many historians consider "first to file" to be a big part of the growth of American innovation and business in the previous centuries, we needed to reprioritize to help usher in our glorious new Gilded Age. Remember children, the government is just taking care of the most important citizens! So rejoice in your serfdom, and pick up that can...
https://en.wikipedia.org/wiki/...
Banks understand that the power to manage currency is at the root of modern sovereignty. They are not going to be caught out if digital currencies become the norm. The USPTO is just one one battleground they will fight on.
And while many historians consider "first to file" to be a big part of the growth of American innovation and business in the previous centuries
You meant first-to-invent here, correct? First-to-file only started 4 years ago.
yep, caught that after post, despite preview... wish there was a last chance edit...
With our fun new "first to file" patent system, not only can corporations beat almost any inventor to locking up an idea, we've nearly completely killed open science! And while many historians consider "first to file" to be a big part of the growth of American innovation and business in the previous centuries, we needed to reprioritize to help usher in our glorious new Gilded Age. Remember children, the government is just taking care of the most important citizens! So rejoice in your serfdom, and pick up that can...
https://en.wikipedia.org/wiki/...
This should be marked misleading, not interesting. The change from first-to-invent to first-to-file was minor: it did away with opposition proceedings, where two inventors file for applications on the same invention and the patent office has a mini-trial to determine which one actually invented it first. They cost hundreds of thousands of dollars, and out of a half million patent applications a year, there were on average twenty oppositions. Not twenty thousand. Twenty.
And it has nothing to do with corporations vs. inventors. Even in the first-to-invent days, most inventors worked for corporations, so it was still corporations filing on applications.
In short, none of what you said has any basis in reality, except for your wiki link. So, good job there.
Who wants to bet: BoA isn't really interested in BlockChain. They are interested in being able to attack targets at will with their patent lawyers. Who cares if they patent existing technology? Or obvious extensions thereof? By the time anyone survives a patent lawsuit, they are a few million poorer, and have been seriously distracted from whatever they were doing.
Whatever you think of digital currencies, the pace of innovation is currently breathtaking. Once people start having to dodge stupidly obvious patents, well, that will serve as a huge brake on the process.
Can we please finally drive a stake through the heart of software patents?
Enjoy life! This is not a dress rehearsal.
So, who are you trolling for ?
In the past any inventor who could produce documentation proving they invented something could gain priority over one filed by some who learned of the invention and had their legal team rush out a patent. Under "first to file" open science is basically dead, as any group collaborating openly online is at perpetual risk of having their work patented by anyone who learns of it and files before they can.
This has massively stifled online collaboration, as important inventions made in private now result in the inventor taking out a loan and going dark for 5-7 years while they wait for the USPTO to get around to their application.
It has also emboldened corporations to accelerate preexisting efforts to file as many patents as possible on anything promising.
The commons, like most public resources, are being privatized, and patents are a major drag on nearly every aspect of innovation.
So Bank of America is oficially in the patent-troll game now?
sudo rm -r -f --no-preserve-root /
So, who are you trolling for ?
Reality? I'm a patent attorney. The way you described it is not how it works. It's not how any of this works. I don't care if you're pro- or anti-patent, but you should have the basic facts right.
In the past any inventor who could produce documentation proving they invented something could gain priority over one filed by some who learned of the invention and had their legal team rush out a patent.
... provided they also filed for a patent application, as "secret" invention has never been protected, even under first-to-invent. And now, under first-to-file, an inventor who can produce documentation proving that they invented something can still gain priority over an earlier application by someone who learned of the invention from them and had their legal team rush out a patent. It's called a derivation proceeding.
Under "first to file" open science is basically dead, as any group collaborating openly online is at perpetual risk of having their work patented by anyone who learns of it and files before they can.
Under "first to invent", open science was similarly dead, because no company worth their salt would let inventors collaborate openly online about new inventions without having filed at least a provisional application, since they would lose their ability to file in most overseas jurisdictions.
Or, conversely, open science is just as alive as ever, if you want to collaborate and not obtain patents. Obviously, the changes to the patent system don't affect unpatented inventions given to the public domain.
This has massively stifled online collaboration
I'm sure you have a citation?
as important inventions made in private now result in the inventor taking out a loan and going dark for 5-7 years while they wait for the USPTO to get around to their application.
Not at all - the inventor files a provisional application, at a whopping $140 for a small entity or as low as $70 for a micro entity, and then can freely discuss their invention openly.
Furthermore, even if they wait and file the full non-provisional application, they don't have to wait for "5-7 years" for the Office to get around to the application - heck, it's going to be published in 18 months anyway. But their priority is secured, and they can start discussing it immediately.
Also, forgive me for making an assumption, but this is Slashdot, so... are you primarily discussing software and computer patents? Or pharma? Because the former would be obsolete in 5-7 years, and no one files an application and then sits on their thumbs for that long without doing anything. Pharma, with its various clinical trial requirements, has a much longer term... but even then, they're doing public trials, so it wouldn't make any sense to "stay dark" for 5-7 years.
It has also emboldened corporations to accelerate preexisting efforts to file as many patents as possible on anything promising.
That does not seem to be supported by the numbers. If it was true, we would expect to see more files post-AIA than pre-. But we don't. In fact, the numbers have been pretty steady relative to the economy as a whole.
The commons, like most public resources, are being privatized, and patents are a major drag on nearly every aspect of innovation.
Again, this doesn't seem to be supported by the statistics. It is an opinion, and perhaps a popular one among people on Slashdot who haven't got any patents, but it's one based in prejudice and blind faith, rather than evidence. So, I guess if anti-patentism is your religion, then there's really nothing I could say to change your mind.
Where did I store my pitch fork? I loose every single time I really need it. Damn!
> I'm a patent attorney.
If you patent gizmo X in the real physical world, you are not allowed to patent "using gizmo X in process Y to make process Y better" in addition. Otherwise it would allow anybody to look after patent done, then avoid licensing by patenting using the initial patent but for their own process. Only in in place where you can patent software that sort of shit happens.
> So, I guess if anti-patentism is your religion, then there's really nothing I could say to change your mind.
gee. I wonder which side of the fence you fall on.
>
I know where you come from and I don't like you. Also, the double posting isn't helping your case.