Since no one does crypto IP due diligence, I'll step in once again with this #PSA. nChain has a patent in the UK, EU, and US for #MPC, which is the method used in the cold storage of most #BTC . If you don't know, now you know! LISTEN here

@nChainGlobal So that’s mainly an issue for companies like #FireBlocks monetising #MPC right? Or you see a bigger issue?

I'm not a lawyer, so I can't (and won't) advise you, but this is what a generative AI chatbot has to say on the topic. Remember, this is just a search and does not reflect my thoughts or opinions at all. I can't say this enough, thus will say it again. If nChain holds patents from the European Patent Office (EPO) and the United States Patent and Trademark Office (USPTO) on multiparty computing technologies, particularly if these technologies are applied in the context of storing Bitcoin (BTC) for exchange-traded funds (ETFs), and if exchanges and financial companies are found to infringe on these patents within these jurisdictions, there are several potential consequences: 1. **Legal Action and Injunctions**: nChain could initiate legal proceedings against the infringing parties for patent infringement. If successful, nChain could obtain court orders (injunctions) that prevent the infringing parties from continuing their use of the patented technology. 2. **Financial Compensation**: nChain could seek financial compensation for past use of their patented technology. This could include damages for lost profits or a reasonable royalty for the use of the technology. 3. **Licensing Agreements**: The companies found infringing could negotiate licensing agreements with nChain to legally use the technology. This could result in ongoing royalty payments or a lump sum payment. 4. **Operational Impact**: If financial institutions and exchanges are heavily reliant on the patented technology for their operations, particularly for the custody and storage of Bitcoin for ETFs, finding an alternative solution or facing an injunction could disrupt their operations significantly. This might also impact the broader market, depending on the scale of the infringement and the importance of the technology in question. 5. **Market Confidence and Reputation**: Legal disputes over patent infringement can affect market confidence, particularly if the services offered by the infringing parties are central to the cryptocurrency market. It could also impact the reputation of the parties involved, potentially influencing investor decisions. 6. **Regulatory Scrutiny**: The situation could attract regulatory attention, especially given the innovative nature of cryptocurrency and blockchain technologies. Regulators might scrutinize the practices of involved parties more closely, potentially leading to additional regulatory requirements or actions. 7. **Innovation and Competition**: Long-term, such patent disputes could have implications for innovation and competition within the cryptocurrency and blockchain industry. If nChain's patents are broad and central to the operation of Bitcoin ETFs, this could limit competition or innovation in this space, potentially requiring companies to develop alternative technologies or methods. The actual outcome would depend on the specifics of the patent claims, the extent of the alleged infringement, and the legal arguments presented by both sides. In patent law, the details matter significantly, including the scope of the patent claims and the specific technologies used by the alleged infringers.

@nChainGlobal Judging by your tweets you support patent trolls🙄

@nChainGlobal Judging by your tweets, you support patent pirates?

@nChainGlobal Whole thread of tweets: @tc_xavier @Blinddave2 @_CLINTWESTWOOD_ @duubdigital

@nChainGlobal This man’s been robbed of his work! $VERI #VERITASEUM Most, if not the entire DeFi and the P2P Capital Markets ecosystem are/have been infringing on #US11196566 and #JP6813477 #Coinbase #UniSwap #ETHEREUM #SEC #BlackRock #Aladdin #AI_Trades

@nChainGlobal Thankyou for sharing.

@nChainGlobal Reggie, I’ve been following you for years and you are the biggest hidden gem in all of crypto - maybe all of finance, as we may soon see.

@nChainGlobal There's some of us retailers that do... 🙃

@DanielKrawisz @nChainGlobal When did @FireblocksHQ launch ? 2018 or 2019 ?