Crypto group COPA launches bid to stop blockchain ‘patent trolls’
The Cryptocurrency Open Patent Alliance has launched a campaign targeting “patent trolls,” arguing that they block the path to crypto innovation.
Crypto advocacy group the Cryptocurrency Open Patent Alliance (COPA) and the patent-focused organization Unified Patents have launched a campaign against “patent trolls” targeting blockchain and crypto tech.
COPA said in an Oct. 1 blog post that the pair launched the “Blockchain Zone,” a campaign to target patents under the control of non-practicing entities (NPEs), which covers a slew of technology from non-fungible tokens (NFT), wallets and smart contracts.
COPA said the partnership will aim to protect blockchain firms and developers from “unwarranted and costly” legal claims by patent trolls, or NPEs, who use the high costs of a court battle to negotiate a settlement.
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Author: Jesse Coghlan
