Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

USA, Canada and China Launched Global Blockchain Alliance - Sharing Blockchain Patents

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/02/2017 | 05:03am EDT

SILICON VALLEY, Calif., Nov. 2, 2017 /PRNewswire/ -- On Oct. 27, 2017, a number of well-known blockchain enterprises from the United States, Canada and China launched "the Blockchain Patent Sharing Alliance" (BPSA) at Stanford University in the Silicon Valley. The world's first blockchain patent sharing alliance aims to facilitate the global patent sharing as well as to promote and adopt patent technology.

As the world's first blockchain patent sharing alliance, BPSA possesses three features of patent protection, cross-chain transactions and smart contract. It is announced that former chairman of Commodity Futures Trading Commission Dr. James E. Newsome served as the honorary chairman of the alliance, and former Nasdaq chairman John F. Wallace, academician of the National Academy of Engineering and foreign academician of Chinese Academy of Sciences Ma Zuoping served as one of the honorary advisers.

"Alliance" is one of the main modes for global blockchain researches. The establishment of BPSA is widely regarded as highly beneficial for the development of the whole blockchain industry. On the one hand, it can achieve global intellectual property rights sharing and promote the exchange and sharing of technology for every industry; on another hand, it is able to create intellectual property value assessment system to provide the basis for enterprise assets evaluation and intellectual property transactions, establishing global digital patent trading platform based on blockchain to make the effective value-cashing of patent assets possible.

It is foreseeable that, with promotion of BPSA, patent owners, whose rights are guaranteed by the alliance, could use maximum effectiveness of patent assets in the legal, safe and efficient environment. Blockchain startups could also benefit from it more directly. They could share the global latest blockchain patent technology through BPSA, which contributes to significantly reducing their spending on patent, and they could benefit from the world's biggest commercial customers in order to access the global market.

Currently, according to data, more than 20 countries around the world are investing in blockchain technology, and more than 90 central banks have joined the blockchain discussion. Over the past three years, venture investors poured more than $1.4 billion into the blockchain sector, which created more than 2,500 patents related to blockchain. The survey of Accenture also showed that in 2016, the blockchain has achieved 13.5% utilization rate in the economic field, reaching the early stage of development, and will apply more broadly in the future.

View original content:http://www.prnewswire.com/news-releases/usa-canada-and-china-launched-global-blockchain-alliance---sharing-blockchain-patents-300548297.html

SOURCE The Blockchain Patent Sharing Alliance


© PRNewswire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
03:00aPARKS ASSOCIATES : Privacy concerns increasing among smart home device owners
GL
03:00aSonoco Implementing Price Increase for Paper-Based Tubes and Cores
GL
03:00aEnBW Uses Auth0 to Improve its Customer Experience
GL
02:57aPARKMEAD : 15/10/19 Field Development Plan draft and Environmental Statemen...
PU
02:52aB P MARSH & PARTNERS : Interim Results
PU
02:52aBANK OF PALESTINE : The Health Work Committees, the Ramallah Municipality and Bank of Palestine launch the October Campaign on the importance of the early detection of breast cancer
PU
02:48aJ&J's Courtroom Losses Pile Up -- WSJ
DJ
02:48aMEREDITH : Adds 'Property Brothers' Title to Its Lineup of Magazines
DJ
02:48aGoodwill Rules Are Called Subjective, Overly Costly -- WSJ
DJ
02:48aDAVID CALHOUN : Boeing Turns to a Crisis Pro to Lead Board -- WSJ
DJ
Latest news "Companies"