Lisk Joins the Crypto Open Patent Alliance
San Francisco, California, USA, March 10th 2021 - Lisk, an open-source blockchain application platform, has become the latest member of the Cryptocurrency Open Patent Alliance (COPA). As the first blockchain developer-focused member of the rapidly growing alliance, Lisk will help bolster innovation within the blockchain community through the promotion of open patent collaboration.
Lisk joins COPA (Crypto Open Patent Alliance), alongside prominent members such as Coinbase and Blockstream, to bolster sharing of cryptocurrency-related patents.
The COPA consortium, which was launched in September 2020 by global financial services company Square, Inc., requires members to make their patents freely available for all to use except in extenuating circumstances. In combining their cryptocurrency-related patents, COPA members create a patent library, designed to directly combat offensive use of patents which stifle innovation and industry growth.
Max Kordek, CEO and Co-founder of Lisk, said:
COPA’s continued expansion and growth will create a more equitable patent environment, with the aim of boosting mass adoption of blockchain-based technology and promoting innovation within the industry. COPA is governed by a board of nine members – three members from the crypto and open source community who work towards making crypto better and available for everyone, and six representatives from member companies. Notable members include Coinbase, Blockstream, and Square.
As a member of the alliance, Lisk will make a pledge to never use their crypto patents against anyone, except for defensive purposes, making these patents free for all to use. Lisk’s blockchain interoperability solution, which is set to be released to the open source community on the 21st of May, 2021 at Lisk.js, will operate without the need for an existing patent. Lisk keeps its options open to be able to register patents for all other relevant Lisk protocols that require a patent in order to protect the technology’s accessibility among the open-source community.