Blockchain Patent Attorney

Blockchain technology is rapidly evolving and is applicable in numerous fields. Blockchain techniques impact industries like payment systems and transactions, smart contracts, digital identity and security management, and supply chain tracking. When you create an innovation in blockchain technologies, you need to protect your ideas. A Blockchain patent attorney can help you safeguard your creation against infringement and help you benefit from what you have made.

The team at Bold Patents has unique experience supporting inventors of blockchain technology, and we want to help you secure your intellectual property & trademark protections and get the patents you need to protect your interests. It’s important to know how you can protect your blockchain innovations, whether you are a new start-up, a small business, or a Fortune 500 company. Protecting your creation helps you separate yourself from the competition.

What Are Blockchain Innovations?

Blockchain technology has a further reach than cryptocurrency. There are many types of blockchain technology. Many companies are leading innovation in their industry with this technology, from well-established corporations to new and upcoming start-ups to independent inventors. This includes:

• Financial and payment system improvements
  • Large company: JPMorgan Chase uses the JPM Coin for instant payment.
  • Start-up: Ripple enables transactions over borders with XRP.
  • Independent inventor: Individual developers created Ethereum decentralized payment systems.
• Smart contracts and decentralized applications (dApps)
  • Large company: IBM Hyperledger is used for blockchain solutions for global companies.
  • Medium company: Chainlink uses oracles to connect blockchain to external systems, allowing for data integration.
  • Start-up: OpenSea is a non-fungible token (NFT) pioneer start-up.
• Supply chain and logistics innovations
  • Large company: Walmart, which has used the blockchain to review and track food safety.
  • Medium company: VeChain has used the technology for transparency in the supply chain.
  • Start-up: Everledger has used blockchain authentication for diamond authenticity.
• Identity and security protections
  • Large company: Microsoft has implemented decentralized identity (DID) solutions.
  • Medium company: Civic uses ID verification and secure identity management with blockchain technology.
  • Start-up: SelfKey uses a blockchain-based system for self-sovereign identity protection.

Protecting a blockchain innovation with a patent follows a similarly structured process to other patent applications, but there may be unique complications. Our firm helps innovators with each step of the process, which includes:

1. Patent searches and prior art reviews. A prior art search determines if your invention has been previously disclosed and reviews other blockchain patents from competitors. This prevents time wasted on ideas that cannot be patented. The patent attorneys at Bold Patents have the resources and experience for these searches.
2. Patent application drafting. Drafting your application for a blockchain paint must be precise in order to provide the right protection. This includes ensuring it is enforceability-specific while being broad enough to protect your invention from competitors. The application should be tailored to on-chain and off-chain inventions. Our attorneys can help you navigate these processes.
3. Patent filing with the U.S. Patent and Trademark Office (USPTO) or an international location. It is often a complex process to apply for a patent, and an attorney helps you comply with the requirements of filing with the USPTO, the European Patent Offices, or through the Patent Cooperation Treaty. The patent attorneys at Bold Patents can help with these complex issues.
4. Office action response and negotiation of rejections. Blockchain technology patents often face issues under Section 101 or being denied as an abstract idea that cannot be patented. In 2024, there was an average of 2.4 actions per application prior to a decision being made. The first action occurred an average of 19.9 months after application, less than the 2023 average of 20.5 months. At Bold Patents, we help you negotiate, appeal, and advocate for the patentability of your innovation, demonstrating the technical improvements you have made. We work closely with the examiners of your invention.
5. Patent infringement analysis and protection. Once you have secured a patent, it is crucial to rigorously protect your rights. Our attorneys help you enforce your rights if your patent is being infringed on, monitor the industry for infringement, send cease-and-desist letters, navigate licensing issues, and provide you with support pre-litigation.
6. Monetization and licensing of patents. You can profit from your blockchain patent through licensing agreements or selling the patent. Our firm can help you negotiate and come to agreements with investors and companies. We can also help you develop your IP portfolio to support profitability and your business goals.

Why Should I Work With a Blockchain Patent Attorney?

Patenting blockchain inventions has challenges unlike other patents, including:

• Continually changing legal standards, such as whether software is eligible for patenting
• How blockchain can be protected globally
• Patenting strategies must adapt to the fast-moving technology
• Defensive patenting to prevent being locked out of your own innovations

At Bold Patents, our experienced team understands blockchain technology and leverages our knowledge to help you protect your IP and ensure it is an asset.