Page 19 - Quarterly Q1-Q2 2018

Endless Possibilities
Blockchain has all the characteristics of being
a game changer in the networked information economy. Dozens of countries are investing
heavily on its applications, with China leading the pack with 56 % of all patent applications globally coming from Chinese companies. Because of its enormous potential, a lot of venture capital funding is available for its development.
A wide range of regulatory responses, as well
as international standards and open source development programs already in place, open doors for the widespread use of the blockchain technology. It is already used in e.g. peer-to-peer lending, currency exchange, proof of authorship, data storage, securities trading and clearing. Time will tell how blockchain will change the game in these and in many other fields – especially those with outdated systems in place.
Henrik af Ursin
Counsel, Head of Intellectual Property
TAGS
Blockchain IPR
IoT
IP Enforcement