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21 September 2020

Square Unveils New "Non-Patent" System for Blockchain Firms | Live Bitcoin News

Square Unveils New "Non-Patent" System for Blockchain Firms | Live Bitcoin News


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– a company led by CEO Jack Dorsey of Twitter fame – has announced a new initiative that will allow cryptocurrency and blockchain companies to form and remain innovative without all the hassles and problems associated with patents.

This is a serious problem that prevents many firms and businesses from doing their duties and establishing the blockchain space as a legitimate, mainstream arena.

However, Square is introducing what’s known as the Cryptocurrency Open Patent Alliance or COPA, which seeks to make the process a little easier.

Rather than establishing patents, the Alliance seeks to ensure that all future blockchain initiatives are open source, meaning they can readily be accessed by all who wish to work on the projects.

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