Optimizing patents using Proof of Stake
Proof of Stake (PoS) is a way of securing data on a cryptocurrency network and receiving rewards for doing so. In Proof of Stake (PoS) based cryptocurrencies, the creator of the next block is rewarded by being allowed to collect transaction fees for the transactions included in their block. In other words, for a transaction to take place in a Proof of Stake (PoS) cryptocurrency network, you must have a “stake” in that cryptocurrency network.
Proof of Stake (PoS) is a mechanism based on the consensus model where a set of stakeholders who have contributed to the network can earn control over their tokens. Think of it as a voting system, where everyone has a say in what happens on the network, but only those with tokens that they have contributed can vote. This can be achieved through an incentivized or anonymous way of distributing tokens and ensuring that only those with a stake can get them.
What if we use a similar model for stewarding patents?
Patents are a crucial part of how a startup makes its money. They allow the company to protect its intellectual property (IP) while creating a competitive advantage. As well as being an essential tool for the startup to grow its user base, they also become increasingly important in the not-too-distant future as pre-approved technologies become more widespread and less expensive to license.
A patent strategy is a set of tactics companies use to protect their IP (e.g. algorithms, software components, data structures, etc.).
A patent is a form of legal protection which grants a company exclusive use over the use of an idea and technology.
Run fast, test fast and fail fast. In today’s fast-paced world, we need a culture that encourages innovation, breaks silos, and fosters cross-functional collaboration. A culture that does not limit or restrict creation to the company owning the patent. But one where healthy competition and new ideas can add to build upon it.
Innovation around patents needs to be optimized and stewarded to incorporate innovation from every organization worldwide, bringing the talent of diversity to humanity.
What if we take a patent, and the original patent holder has a stake in it, then the next contributor to that patent, for advancement, gets a piece of that stake. Anyone using the improved design pays both contributors based on their stake.
The stake can be calculated using various algorithmic factors, which would provide equitable pay based on contribution, recognizing and rewarding the founders and innovators.
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