Patent protection for Bitcoin and other blockchain based crypto currencies is a growing issue, as discussed in the February 1, 2016 article by American Banker Magazine, “Crypto Colonizing: Bank of America’s Blockchain-Patent Strategy.”
On being asked my opinion concerning Bank of America’s blockchain patent push, I responded, “”The scope [of the patent application] would have to be limited to the specific new feature that they add,” said Paul Overhauser, managing partner at Overhauser Law Offices, a firm that specializes in intellectual property cases. “They could not get patent protection so broad as to give them any patent rights to the original source code idea of having a blockchain.”
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