Square joins patent non-aggression pact through Open Invention Network

advertisement

Payments company Square has become a member of the Open Invention Network (OIN), an organization that aims to reduce patent aggression in favor of open-source software, according to a Tuesday release

By joining as a member of OIN, Square can cross-license its patents to other members on a royalty-free basis — reducing patent risk while growing open-source platforms, apps, and services. 

“As a global leader in the effort to democratize financial services, we are pleased that Square is committed to patent non-aggression in core Linux and adjacent open source technologies,” Keith Bergelt, CEO of OIN, said in the release. 

The OIN is funded by Google, IBM, the Japanese computer and tech firm NEC, Philips, Sony, the German open-source software company SUSE, and Toyota. The Network has over 3,500 members, who gain access to over 2.6 patents and applications and OIN’s portfolio of over 1,000 IP assets when signing up.

Square helped establish the Crypto Open Patent Alliance (COPA), whose members vow to avoid using their crypto technology patents unless in defensive scenarios.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More