RE: Cisco is patenting the Blockchain

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Cisco is patenting the Blockchain

in blockchain •  7 years ago 

The real interesting thing is that with the blockchain is that it eliminates the need for patents.. On the one hand everyone can access the information and use it,, on the other hand when someones idea is on the blockchain everyone knows whos idea it is and they can get credit for that idea.
That brings up a whole lot of questions, but the over all picture is that there is a big piece of transparency that comes into play because the 3rd party to create trust is no longer needed..

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Exactly, registering trademarks and ideas is no longer necessary because proof that someone had an idea first already exists on chain.