Twitter plays defense with its patents, Square has launched a consortium — which includes Coinbase — to pool crypto patents and Alibaba (NYSE:BABA) is well on its way with its mission to overtake IBM (NYSE:IBM) in the blockchain patent wars.
Many startups don’t take the necessary steps to protect their innovations, and that’s a big mistake. Particularly in blockchain, an open-source philosophy embedded in the space makes many entrepreneurs eschew the competitive, territorial landscape of patent applications. In fact, a lot of startups believe patents can’t be enforced on decentralized autonomous technology. That’s not true. In keeping their distance, they do themselves, and the community, a disservice.
D’vorah Graeser is a U.S. patent agent and CEO of KISSPatent, which uses artificial intelligence models to help businesses navigate the patent application process and conduct business intelligence.
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