What are the IP aspects of financial tools created using
blockchain technology?
Whilst crypto currencies have been in the news recent as a
result of their falling values, their long term utility especially
Bitcoin and Ethereum seem assured. There are many IP considerations
when it comes to this asset class. The article explores the IP
aspects of financial tools created using blockchain technology,
namely cryptocurrencies and related financial tech in the
decentralised finance or “DeFi” world.
What exactly is crypto?
Let's start with some crypto basics. There are many types
of cryptocurrencies, from Bitcoin to Ethereum to Solana to
Dogecoin. Cryptocurrencies are best understood as stores of
financial value. For some, they are investments and for others,
they are currencies to use for payments, from buying products to
criminal ransoms! However, these investments are incredibly
volatile, as has been demonstrated by the recent plunge in most
crypto values.
