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ARTICLE · 09 DECEMBER 2021

Blockchain Patents And Litigation

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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Blockchain has the potential to be the new frontier of innovation and a disruptor of existing technologies, and with this, has the potential for significant patent litigation.

United StatesIntellectual Property
Kristopher B. Kastens
Kristopher B. Kastens
Timothy Layden
Timothy Layden
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Blockchain has the potential to be the new frontier of innovation and a disruptor of existing technologies, and with this, has the potential for significant patent litigation. The technology now commonly known as "blockchain"  was described by Stuart Haber and W. Scott Stornetta, and then used to describe the framework for bitcoin by a writer using the pen name Satoshi Nakamoto. The most talked-about use for blockchain has been for financial instruments, such as the aforementioned bitcoin as well as Ethereum and scores of non-fungible tokens, or NFTs. However, blockchain is being considered for numerous other areas, including energy trading, supply chain management, health care, e-commerce and life sciences. 

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