The Cryptocurrency Open Patent Alliance (COPA) has partnered with Unified Patents to launch Blockchain Zone, a new initiative aimed at protecting blockchain developers from “patent trolls.”
The campaign targets non-practicing entities (NPEs), which hold patents without developing a product and abuse high litigation costs to force companies into expensive settlements.
Protecting blockchain innovators
According to the announcement, NPEs still account for 58% of infections in the United States, a number that has remained unchanged for five years. COPA’s Blockchain Zone is home to more than 300 companies committed to reducing NPE activity and protecting blockchain technology from frivolous legal claims.
Spiral leader and COPA member Steve Lee said the organization’s extensive He emphasized his efforts.
“COPA has fought long and hard to reduce barriers to cryptocurrency innovation, and now we are taking COPA’s efforts one step further to protect the cryptocurrency community from patent trolls.”
Patent litigation can be expensive and time-consuming, and often results in settlements that halt the progress of small businesses and innovators in this field. Blockchain Zone aims to change this by providing a defense strategy that protects developers and businesses from frivolous lawsuits.
Paul Grewal, CLO of Coinbase and member of COPA, emphasized the need to stop these barriers.
“Patent trolls are a barrier in the way of innovation. They hinder technological progress and stifle the spirit of creativity, especially in the rapidly evolving world of cryptocurrencies.”
COPA also provides free pass-through protection to its members, protecting companies in the blockchain space from unnecessary and costly legal battles. This is especially important for small developers who may not have the resources to fight a lengthy legal battle.
unified patent
Unified Patents has a track record of successfully challenging copyrights that threaten innovation. The company’s Transaction Zone focuses on protecting electronic transactions, online bill payments, and authentication technologies and has successfully challenged hundreds of patent claims. It is hoped that new initiatives will follow suit and keep blockchain technology open and accessible.
Kevin Jakel, founder and CEO of Unified Patents, said: “We are excited to partner with COPA to provide a unique solution to the blockchain community.”
He described the partnership as a valuable opportunity to protect blockchain technology from unfounded patent claims, grow businesses without legal obstacles, and reduce transaction costs.
Unlike other organizations, this organization is committed to never paying copyright license fees to NPEs, ensuring that there are no financial incentives to encourage further activity.
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