Blockchain Patent Sharing Alliance Names Jim Newsome Chairmanbr>
The former chairman of the Commodity Futures Trading Commission, Dr. James E. Newsome, has been appointed as the honorary chairman of the Blockchain Patent Sharing Alliance.
The new alliance aims to foster global patent sharing along with promoting and adopting patent technology. It is affiliated with Stanford University’s BOOTUP accelerator in the Silicon Valley and is directed by the Global Blockchain Business Council (GBBC).
Former Nasdaq chairman John F. Wallace, academician of the National Academy of Engineering, and foreign academician of Chinese Academy of Sciences Ma Zuoping will serve as honorary advisers to the BPSA.
The Expert Advisory Committee includes Tom Hochstatter, CSO of Dominion Harbor; John Ding, CEO of Varnergy; Matej Michalko, Co-founder & CEO of DECENT; and Jaroslav Kacina, Co-founder & CEO of Equidato.
BPSA will focus on patent protection, cross-chain transactions, and smart contracts. Patent owners, whose rights are guaranteed by the alliance, can maximize their assets in a legal, safe and efficient environment, while blockchain startups will be able to share the latest blockchain patent technology through BPSA, which will significantly reducing their spending on patents.