Live Breaking News & Updates on Building Smart Contracts
Stay updated with breaking news from Building smart contracts. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Situation Smart contracts are often mentioned in blockchain-themed patent applications and recited in claims. However, Examiners without a thorough understanding of this concept or unfamiliar with blockchain technology often equate smart contracts with legal or commercial contracts stored on blockchains. As a result, the Examiners may find claims directed to merely applying the blockchain technology to execute legal or commercial contracts, for example, as part of a commerce system, like hedging. See, e.g., Bilski v. Kappas, 561, U.S. 593, 611 (2010)). Without detailed explanations of smart contract set forth in the specification, patent prosecutors may find themselves in anuphill battle against the abstract idea finding. What makes it ....
Distinguish "Smart Contract" From Abstract Idea To Pass Blockchain Patentability Scrutiny | Sheppard Mullin Richter & Hampton LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.