Circle is acquiring IBM’s blockchain patent portfolio, according to multiple outlets citing IBM and/or Circle statements. The portfolio includes more than 680 patent families and nearly 1,000 issued patents worldwide, with coverage focused particularly on supply chain applications, per Cointelegraph. The Block reports that the acquisition makes Circle the largest US blockchain patent holder, reflecting the scale of IBM’s portfolio being transferred. PYMNTS characterizes the move as support for Circle’s payments-related efforts, including the USDC stablecoin and Circle’s payments network and related products. Fortune notes that Circle has not yet detailed how it plans to use or manage the patent assets. While the reports agree on the acquisition and the general scope of the IP, they diverge primarily on interpretation: some coverage frames the move as strengthening Circle’s infrastructure for finance and blockchain applications, while Fortune highlights the potential implications of granting strong control over blockchain-related patent rights. The exact terms of the deal and Circle’s specific use of the IP have not been fully detailed in the provided accounts.
Circle to acquire nearly 1,000 IBM blockchain patents
Circle is acquiring IBM’s blockchain patent portfolio, according to multiple outlets citing IBM and/or Circle statements. The portfolio includes more than 680 patent families and nearly 1,000 issued p...
- Circle is acquiring IBM’s blockchain patent portfolio.
- The IBM portfolio includes more than 680 patent families and nearly 1,000 issued patents.
- Coverage is reported to focus on blockchain use cases including supply chain applications.
- The acquisition is reported to make Circle the largest blockchain patent holder in the United States.
- Circle’s detailed plans for using the patents are not yet fully disclosed in the accounts provided.
Circle has yet to share its plans for the IP portfolio, but the power to assert monopoly rights in the blockchain space is worrying.
3 hours agoDigital financial platform Circle acquired IBM’s blockchain patent portfolio, according to a Monday (July 27) press release. “With this acquisition, Circle becomes the leader in blockchain patent holdings in the United States,” the release said. “The expanded IP position directly supports Circle’s foundation for building the internet financial system, including USDC, Circle Payments Network, Arc, […] The post Circle Buys IBM’s Blockchain Patents to Boost Payments Network appeared first on PYMNTS.com.
6 days agoCircle acquired IBM's blockchain patent portfolio of 680+ patent families and nearly 1,000 issued patents.
6 days agoIBM’s blockchain portfolio includes more than 680 patent families and nearly 1,000 issued patents worldwide, with a particular focus in supply chain applications.
1 week ago
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