How Big Businesses Get Patent Rights on Blockchain

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Inviolability of private property and rights thereto is one of the foundations of modern developed society. And patents are one of the ways to protect this inviolability. Big companies tend to patent any invention or technology that could bring profits without giving too much consideration to the ethical side of the things.

Blockchain technology is but another victim of sharks hungry for the big buck. Institutions like Goldman Sachs (wants to use blockchain technology to replace the traditional foreign exchange), R3 CEV consortium (a distributed ledger platform designed to manage financial agreements between regulated financial institutions), and Verizon Communications (a system that may maintain a list of passcodes in a passcode blockchain) have all already filed corresponding patents. Craig Wright, who earlier failed to prove he was the

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