What is blockchain?

Blockchain refers to a collection of decentralized records protected by cryptography. Each record or block includes a time stamp and transaction data. The unique feature of blockchain is that the infrastructure is not managed by a single entity or a computer. Such control results in a distributed ledger of digital assets that can be used across a wide range of blockchain applications, like bitcoin.

Blockchain innovations require patent protection to prevent patent infringement. Examples of blockchain patents include complex innovations in the field of cryptocurrency and smart contracts. A vast majority of blockchain patents are filed by IBM, Alibaba, Oracle, Mastercard, Bank of America, Intel etc. Similarly, top patent applicants for blockchain related applications are based in countries like China and USA.

Blockchain patent attorney or blockchain patent lawyers are able to assist clients as they possess technical background in electronics, or computer science along with strong mathematics skills. Patent attorneys working with clients to file blockchain patents have extensive legal experience in drafting software related patent applications.

Advocate Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology, Intellectual Property & Corporate Laws. He is reachable at rd (at) patentbusinesslawyer (dot) com & @rdpatentlawyer on Twitter.

Quoted in and contributed to 50+ national & international publications (Bloomberg, FirstPost, SwissInfo, Outlook Money, Yahoo News, Times of India, Economic Times, Business Standard, Quartz, Global Legal Post, International Bar Association, LawAsia, BioSpectrum Asia, Digital News Asia, e27, Leaders Speak, Entrepreneur India, VCCircle, AutoTech).

Regularly invited to speak at international & national platforms (conferences, TV channels, seminars, corporate trainings, government workshops) on technology, patents, business strategy, legal developments, leadership & management.