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By J.D. Houvener
Patent Attorney and Founder

Hi everyone I’m JD Houvener and welcome to the bold today’s show for you the inventor entrepreneur business owner get your daily dose of inspiration to make the world a better place happy Monday and welcome to a new series we have all about blockchain and hopefully many of you have heard about blockchain but I know this be true that a lot of you are probably out there still wondering what it is right cryptocurrency blockchain all this different Hut you know buzz but what is it about and how’s it can affect you while this five-part series will hopefully get you at least thinking about some of that and I wanted to start out today with one of the best resources I know about cryptocurrency right just one version of blockchain technology and cryptocurrency is of course as you may have heard the most popular version is Bitcoin and it’s a virtual currency one that exists really without many paper or coins right being able to touch it and it’s its backbone is really based on this technology of verification and ledgering there’s a lot more to learn and I’m just now starting this Academy and in order to get this information to you go to is actually put together by one of my good colleagues James Perry he’s phenomenal and he has a good background in developing educational based software and so I’m actually just starting on the 101 System series today so I want you to get started and that’s your challenge for today is to sign up it’s free to start this is the one on one section I and I want you to get involved educate yourself here the last thing you want to do is start speculating and investing in this cryptocurrency is without understanding some of the back back technology and what the forecasting and market is really trying to tell you what I wanted to also talk about today in regards to the patent law is the number of filings it is amazing there are probably thousands right of applications that have been submitted many of which were not able to see but we know that in just the first couple of years we’ve already got over 500 issued patents many of these patents are currently assigned and owned by big institutions that we know bank for America JPMorgan Chase MasterCard Visa American Express Apple some of these institutions that have financial systems so let’s look at this first patent okay this one is on a smart wallet and it’s about making sure that those transactions that take place between cryptocurrencies and to individuals happen with validity and appropriately give the right information to the ledger that back up the backs of the crew the blockchain technology so this is an example of a patent right here and when I learn to focus your attention to is the law we’ve talked about before in 37 CFR 1.98 and this is a requirement to disclose right the inventor and the attorney must disclose all of their information they have about the prior art priorit meaning any reference they know anybody else doing anything like it while they’re submitting it this is through the invention and disclosure process and it’s through the IDs this is a formal form that is submitted in this patent document you’ll see on the front page that there’s only two references cited so while they searched high and low all they could find those two references that actually had filed or published anything that were related to this invention so it goes to show that this invention was quite novel when it was first filed way back in 2014 so if you’re brand new to cryptocurrency please do get started on that crypto startup Academy one on one class I’m doing it too so provide your comments in there and keep me up on your progress have a good day everyone and thanks for tuning in to the bold today’s show I’m your host JD Houvener go big go bold [Music]

[Music] at bold IP dot-com

About the Author
J.D. Houvener is a Registered USPTO Patent Attorney who has a strong interest in helping entrepreneurs and businesses thrive. J.D. leverages his technical background in engineering and experience in the aerospace industry to provide businesses with a unique perspective on their patent needs. He works with clients who are serious about investing in their intellectual assets and provides counsel on how to capitalize their patents in the market. If you have any questions regarding this article or patents in general, consider contacting J.D. at