By: Partner Greg Gerstenzang
Published on Massachusetts Lawyers Weekly
Intellectual property attorneys should familiarize themselves with blockchain technology to better assist internal and external clients in identifying potential opportunities to enhance business operations utilizing the technology and to develop a strategy to protect IP associated with any such business enhancements.
Blockchain technology has grown in popularity and, subsequently, the number of patent filings associated with it has recently skyrocketed. The Bitcoin cryptocurrency meteoric rise and fall in value contributed to bringing this technology into the public eye.
Although many have heard of Bitcoin, questions still surround blockchain and its uses. The following facts and observations may help provide some clarity to this subject.
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