Chamber Of Digital Commerce Forms New Group to Fight Blockchain IP Abuse

Announcements, Blockchain, FinTech | March 21, 2017 By:

The Chamber of Digital Commerce, a trade association dedicated to promoting digital assets and blockchain technology, has formed the Blockchain Intellectual Property Council (BIPC). The initiative seeks to promote innovation in blockchain and distributed ledger technologies (DLT) by addressing intellectual property issues.

Over 40 institutions across technology, finance, academia and law have already committed to the council, including Blockstream, Bloq, Civic, Cognizant, Deloitte, Digital Currency Group, Ernst & Young, Gem, Medici Ventures, Microsoft, T0.com, TMX and Wipfli.

The council will be chaired by Marc Kaufman, Partner at Rimon Law; Patrick Murck, Special Counsel, Cooley & Fellow at Berkman Klein Center at Harvard; and James Murdock, Chief Business Officer and General Counsel at Blockstream.

“Developing an industry-led defensive patent strategy is paramount to help protect innovation and drive wide adoption of blockchain-enabled technologies,” said Perianne Boring, founder and president of the Chamber of Digital Commerce.

In an interview with CoinDesk, Boring positioned the council as beneficial to a healthy blockchain ecosystem, regardless of one’s stance on intellectual property.

“No matter where you are in the patent landscape, if you’re a purist who doesn’t believe in patents, or if you’re a company that is filing patents, this is a major factor in the innovation, and future innovation of the industry,” said Boring. “Some of the big issues we’ve seen are issues of patent trolls and when the community can come together and work together in terms of addressing that, it will be very effective. [Intellectual property] effects the entire ecosystem, and that’s what makes it important from a foundational perspective.”