THELOGICALINDIAN - The blockchain technologies analysis and development close Nchain has acquired three new patents that accept been issued by the European Patent Office The companys latest bookish acreage invented by Nchains arch scientist Dr Craig Wright awning agenda rights administration application blockchain
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Nchain Acquires Three New Blockchain Patents
Nchain says that the Bitcoin Cash (BCH) arrangement has the adeptness to disintermediate the accepted intermediaries aural our banking transactions. Agenda rights administration allows creators of agenda agreeable the adeptness to ensure that they are paid for their work. Nchain asserts that the three new patents issued by the European Patent Office will advice bolster agenda rights management. Furthermore, the patents chase two added EPO grants acquired by Nchain on April 11 and June 20 – which administer to BCH deterministic key generation, and a blockchain anthology and automatic administration method.
“These third, fourth and fifth apparent grants by the European Apparent Office marks authenticate the amount in Nchain’s affairs for blockchain innovation,” explains the Nchain Group CEO Jimmy Nguyen.
Digital Rights Management Using Blockchain
The three patents acquired by Nchain and invented by Dr. Craig Wright include:
Calvin Ayre: Protecting the Technology They Invent to Release Open Source
Of course, not anybody is captivated about the use of patents aural the cryptocurrency ecosystem – which is traditionally dominated by accessible antecedent projects. Some bodies aural the BCH association abhor the actuality that Nchain has been accepting state-enforced bookish acreage rights. However, the buyer of the blockchain and mining close Coingeek, Calvin Ayre, believes it is all-important for companies like Nchain to access these patents because contrarily bigger companies like Bank of America, Visa, and others will grab them first. Many ample banking incumbents accept been apparent avaricious blockchain concepts, with firms like American Express and Mastercard accepting IP aloof recently.
When Mastercard acquired a patent that facilitates bearding cryptocurrency affairs Coingeek’s Calvin Ayre stated:
What do you anticipate about Nchain accepting three new blockchain patents from the European Patent Office? Do you accede with Calvin Ayre that if Nchain doesn’t grab these patents, a abundant beyond banking bounden will? Let us apperceive what you anticipate about this accountable in the animadversion area below.
Images via Shutterstock, Twitter, and Nchain Group.
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