Patent counsel, to manage and grow the firm’s portfolio of blockchain-related IP, is being sought in London by nChain. The company was founded by self-proclaimed bitcoin inventor Craig S. Wright. nChain is recruiting a lawyer to protect its Crypto-patents.
The company is only accepting applications from qualified European Patent Attorneys, who have a keen interest in bitcoin and blockchain. The company’s job advertisement states that the ideal candidate should also possess a first degree in computer science, electronics, physics, or mathematics.
The London-based position will conduct for its patents:
- “patent drafting”
- “global prosecution”
- “significant responsibility for creating and exploiting commercially valuable IP assets”
Wright is best known for declaring himself to be bitcoin’s pseudonymous creator Satoshi Nakamoto, without any evidence. He is also an avid collector of patents related to the technology.
Wright was first connected with a company called EITC Holdings Ltd (which later became nChain) by a Reuters report two years ago. It was stated that he had filed over 50 patent applications in the U.K. related to blockchain technology through that company. Earlier this month it was announced by Jimmy Nguyen, chairman of nChain’s strategic advisory board, that the firm had filed 666 patent applications.
nChain is recruiting a lawyer to protect its Crypto-patents. According to data provided by the UK Intellectual Property Office, EITC has submitted a range of patent applications focused on the technology in recent years, including ones for the following:
- “implementing logic gate functionality using a blockchain”
- an “operating system for blockchain IOT devices”
- “methods and systems for the efficient transfer of entities on a peer-to-peer distributed ledger”
“Non-Practising Entities (NPEs),” sometimes referred to as “patent trolls,” can flourish by seeking and enforcing patent rights due to the explosion of R&D related to blockchain.
Patent disputes are expensive and to be avoided, therefore have been described as the ‘sport of kings’. Last decade’s smartphone patent wars are a prime example of this.
So far there have been no reports of nChain or Craig Wright becoming involved in patent disputes.
“nChain has made it clear that they are aggressively pursuing patent protection for their developments. They have also made it clear that they intend to leverage their patents to support the Bitcoin Cash blockchain and more recently the Bitcoin SV fork from Bitcoin Cash,” a partner at law firm Rimon, Marc Kaufman, told a media source.
Adding that it was not surprising that nChain is looking to hire an internal patent attorney as, “by their own assertions, patents seem to be the largest part of their revenue model. In fact, the job description states that they want to put [the patent portfolio] to use in support of nChain’s commercial objectives.”