Let's Create A Blockchain-Based Trademark Registry

Law360 (May 12, 2020, 6:33 PM EDT) -- From cryptocurrency to Web 4.0, to an interactive, decentralized worldwide network of all things, people and systems, distributed ledger technology, or DLT, is a potentially paradigm-shifting technology, with applications limited only by the imagination and mass adoption.

As the name might imply, DLT is a ledger (i.e., a database or record of transactions) that is kept by a distributed network of computers called nodes, which share, verify and sync a complete record of the activity that has occurred on a given network. While blockchain,[1] the technology underlying bitcoin and other cryptocurrencies, is perhaps the most well-known type of DLT, the applications...

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