Blockchain Technology

Blockchain technologies may be best known for the association with Bitcoin, the first cryptocurrency. A blockchain ledger is a list or chain of blocks of transactions recorded on the ledger. The blockchain ledger may be public, such as bltcoin ledgers, or private, such as a company inventory or accounts payable ledger. Historically, trusted third parties have been a key component of transactions between parties, but this has changed with the advent of the blockchain. Integrity criteria allow checking of blocks before adding to the blockchain and software in conjunction with strong cryptographic mechanisms provides security to identify parties, check party authority to add new transactions. Thus, blockchain is a distributed ledger technology that incorporates elements of software, open-source software, and cryptographic mechanisms. 

Our attorneys have drafted numerous patent applications for blockchain innovators, covering a wide variety of tools: cryptography, key security, inventory applications, to name a few. In addition, our attorneys are known as thought leaders and speakers in blockchain symposia and continuing legal education programs and are published authors. Our deep software and encryption expertise make the firm uniquely qualified to build patent portfolios for blockchain innovators, while our licensing experience maximizes revenue.