Patent Attorney and Founder
Hi everyone I’m JD Houvener and welcome to the bold today’s show for you the inventor and entrepreneur get your daily dose inspiration to make the world a better place today we’re still talking about blockchain and cryptocurrency especially and I want to talk about some trends in the market before we do that I want to give you your challenge of the day as we’ve talked over the past three days about cryptocurrency it’s got to come to mind how this is gonna impact your industry and being able to look forward so your homework of the day is gonna be how how you can implement blockchain and cryptocurrency into your business plan today I wanted to share with you today some charts these charts I found from Quinn desk calm and as you can see over the past 4 3 4 years there’s been a huge increase in number of applications patent applications it’s a slight dip in 2017 but they’re actually projections at 2018 is already going to be ahead of our 2016 was at this surge in applications is sure about to fix and it’s going to be able to be a major impact on your industry and it’s not a matter of whether it’s gonna impact your industry but how so you got to make sure you think about how these early players and this early technology are shaping the way this is going to be it’s really a good comparison to think about the internet as sort of it’s that big of a of a revelation blockchain technology is projected by all the experts to be just like the Internet and the early players in the internet if you remember that still survived today are very memorable names those of the likes of Amazon eBay and Windows Microsoft right these folks got in early and we’re able to make it through this huge surge of technology that’s what companies companies are trying to do and as you can see for this next chart early investors are banks and financial institutions well they may not know exactly what they’re doing they’re acquiring these assets so they can be the first movers by far and away Bank of America has invested the most amount of assets and resources to keeping their nearly 50 patents dude alive today so no doubt they’re trying to make a move much like Amazon did in the early 2000s and try to survive this new technology surge so if you’re getting into cryptocurrency and you want to make sure your industry is on the latest and greatest you’ve got to do research you’ve got to think about it you put it in your business plan hope you’ll enjoy today’s lesson at Boalt today’s show hope you have a wonderful day I’m your host JD Houvener go big go bold [Music]
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