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Written by : Sydney Curpupoz |
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hello i'm jubin with dana legal services and in today's video we're going to talk about patents and cryptocurrency a lot of people are asking questions about patenting cryptocurrency what are all the different things that are happening that are related to patenting and cryptocurrency the question being asked is can i patent something related to cryptocurrency and the answer always comes down to maybe it depends on whether you're doing something novel and you're doing something that's an improvement in the field you're doing something that is a existing technology and a new application so all of those factors come in the best way to understand this and the best way to understand cryptocurrency as it relates to patentable ideas is what is it that you have innovated created or developed as it relates to cryptocurrency have you just found a different way to write the code of an existing way of doing something that is probably not going to be patentable just because you found a different way to write something it's not an improvement in the field it's just using a different language to say same thing so if i said the word how are you in english and i said the same word in four different languages i'm not saying anything new it's just a different language there's no improvement there on the other hand if you have found a problem in the cryptocurrency field and you know a solution to that that particular solution may be patentable that particular innovation that particular improvement may be patentable the other thing you got to remember is cryptocurrency and code and things that relate to this space often are touching open source concepts by open source those of you familiar with it know i'm talking about open source software open source code open libraries things like that that are relied upon to build the end product a lot of open source software have license requirements some of which impact heavily on patentability and what happens if you patent it in terms of the rights you have to assign or give back to the person that loaned you or made you aware or gave you access to the source code that you used which was open source and each open source code or open source concept is controlled by an open source license again this is all fact driven so with your facts and our knowledge of law as it relates to cryptocurrency open source code open source libraries we can help you understand what your rights may be what you can and cannot patent and set up a way by which you can go about it and give your options of course that's what the free consult is about it's about you coming to us with some facts us giving us us taking our understanding of the law and sharing it with you so that you understand what your options are and what the costs are in doing those things i'm jubin dana with dana legal services remember when it comes to cryptocurrency and whether it's patentable whether those things can be patentable whether you come up with something new or different those are all questions that we can help you answer come talk to us we'll give you some advice set up a plan a set of options and then you can go from there here's our contact info when you're ready reach out thanks
Thanks for your comment Darin Herber, have a nice day.
- Sydney Curpupoz, Staff Member
hey now with bastian to day of car
Thanks Pemanowlelonsr your participation is very much appreciated
- Sydney Curpupoz
About the author
I've studied literary criticism at Kenyon College in Gambier and I am an expert in business english. I usually feel shocked. My previous job was technical illustrator I held this position for 29 years, I love talking about fusilately (phonecard collecting) and ant-keeping. Huge fan of Meat Loaf I practice netball and collect sneakers.
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