Increasing Use Of IP For Blockchain Inventions

While there is no agreed upon definition of blockchain, this technology is often associated with an append-only, tamper-resistant, distributed ledger of peer-to-peer transactions maintained by a decentralized network of participants. As the name suggests, blockchain consists of 'blocks' of transactions that are cryptographically linked together. Blockchain technology has gained immense popularity in the field of financial transactions, particularly due to high costs associated with conventional means of monitoring and managing instances of fraud in traditional bank transactions.

While blockchain is popularly associated with cryptocurrencies (like Bitcoin, or Ethereum) and other 'fintech' applications, the use cases of blockchain continue to expand into many other real-world applications. For example, voter registration is being facilitated via blockchain-based projects such as Agora and Voatz. Companies like IBM, Walmart and Unilever are using blockchain to enable