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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.
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.