Square, the U.S.-based financial services company headed by Twitter’s Jack Dorsey, is establishing a consortium to fight patent trolling and ensure open access to technology in the crypto sector.
The ‘Cryptocurrency Open Patent Alliance’ (COPA) seeks to democratize access to innovative technologies in the crypto sector, asserting that “open access to patents covering foundational cryptocurrency technologies is necessary for the community to grow, freely innovate, and build new and better products.”
Square is putting all of our crypto patents into a new non-profit org we’re calling the Crypto Open Patent Alliance, which will maintain a shared patent library to help the crypto community defend against patent aggressors and trolls. Join us! #bitcoinhttps://t.co/I9VopgtMz9
— jack (@jack) September 10, 2020
Members of the alliance will agree to pool crypto and blockchain patents into COPA’s library, ensuring open access to technologies developed by participating firms. The alliance website says:
“Cryptocurrency technology and its adoption is still at a nascent stage.