Dec 5, 201609:13 PMLegal Login
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Tackling blockchain: What every business should know
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For those businesses that innovate and develop proprietary products, you will want to consider how blockchain impacts your intellectual property strategy. In just the past two years, there has been a meteoric rise in the number of patents referencing blockchain. Accordingly to Innovation.com, there has been nearly a tenfold increase during this period in the reference to the word “blockchain” in international patents filed in countries that are signatories to the Patent Cooperation Treaty.
Now is the time to start preparing for the impact of blockchain in your business. Whether you are ready for it or not, the competitive pressure to adopt will continue to grow as suppliers and customers demand the improvements offered by this technology.
Andrew Schlidt is an attorney with Husch Blackwell practicing corporate and technology law. He can be reached at firstname.lastname@example.org.
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