In addition to the previous 15 blockchain patents filed, Bank of America is now trying to patent some of the uses of the Bitcoin technology, writing a draft of 20 more patents to be sent to the U.S. Patents and Trademark Office by the end of this month.
So, it seems Bank of America is trying to take control over the Blockchain by getting 100% of the patents covering Blockchain technology. And this path was shown a year ago by Coinbase too.
In fact, some months ago Coinbase filed patents for most of the aspects of the BitcoinCT r: 8 marketplace, including: Hot wallet for holding bitcoin, User Private Key Control, Bitcoin Private Key Splitting for Cold Storage , Instant Exchange, Personal Vault, Send Bitcoin to Email address, Bitcoin exchange, Tip Button, Off-Blockchain Transaction in combination with on-Blockchain transactions .
Now CoinTelegraph has conducted a survey of Bitcoin lawyers with the following questions: How can we patent technology that was invented by an unknown person or group of persons (who we usually call Satoshi Nakamoto) to be open-source?
Is this an attempt to kill Bitcoin and the Blockchain?
How can we struggle against that?
Can we call these actions "robbery"?
So, is Bank of America trying to steal the blockchain?Bitcoin lawyer Stefano Capaccioli commented: “I think that this bank is trying to use an old manner in a new world. Registering patents was the old manner, trying to obtain a monopoly somewhere, while this innovation is pushing towards open-source and decentralization .” Also, according to Sian Jones, we cannot talk about “robbery”, because: “If it’s a novel invention then you can apply to patent it and provided someone else didn’t get there first, you may be granted the monopoly right for a period of time. That’s the law . Whether or not […]
