With the rise of obtaining patents for blockchain technology, companies are exploring ways to avoid a patent war.
Research by attorney Marc Kaufman found that 350 blockchain-related patents exist worldwide and the number will continue to rise. Around 1,245 patents and applications are expected for 2018, up from 313 two years ago.
Financial firms are among the top blockchain patent owners, with tech companies and retail stores like Walmart not far behind.
Some say patent wars are unlikely because the U.S. Patent Office is issuing stronger patents. Additionally, the degree to which blockchain technology is built around open source software may increase collaboration between companies and help avoid a patent war.
Experts offer their opinions about blockchain patents and legal issues.