"There will be patents - Intellectual property and the blockchain" is the title of the presentation by Haakon Thue Lie at the Oslo Blockchain Day, reviewing the copyright, trademark and patent situation for blockchain technology.

Blockchain is a new type of databases that is distributed and is used by Bitcoin. The next generation of blockchain technology can be used for other types of transactions.

The financial sector is moving fast to implement new services, and the race for patents has started by Bank of America announcing more than 20 patent applications in the area. 

Interesting open source based projects include:

  •  Ethereum that provides a decentralized virtual machine that can execute peer-to-peer contracts using a crypto asset called Ether
  • Hyperledger that develops an open-standard, decentralised ledger based on blockchain technology coordinated by the Linux Foundation and supported by many large industrial companies, such as IBM.