Law360 (February 28, 2018, 9:33 PM EST) -- Financial companies are leading the rush to file patents for tools and products based on blockchain, the ledger technology underlying bitcoin, and a wave of litigation could be on the horizon. Here is what intellectual property attorneys need to know about the patent landscape for the increasingly popular tech.
Filings Are Increasing Exponentially
Blockchain was introduced in 2008, when bitcoin's creator, an anonymous figure known by the alias Satoshi Nakamoto, published a paper describing his invention. Generally, the technology is used to create public ledgers of transactions and distribute them in a decentralized manner to several computers.
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