The Man Who Claimed to Invent Bitcoin Now Wants a Patent Empire

Craig Wright, the Australian who claimed to be the inventor of bitcoin, is attempting to build a large patent portfolio around the digital currency and technology underpinning it, according to associates of his and documents reviewed by Reuters.

Since February, Wright has filed more than 50 patent applications in Britain through Antigua-registered EITC Holdings, which a source close to the company confirmed was connected to Wright, government records show.

Interviews with sources close to EITC Holdings, which has two of Wright’s associates as directors, confirmed it was still working on filing patent applications and Britain’s Intellectual Property Office has published another 11 patent applications filed by the company in the past week.

“None of this has stopped,” one person close to the company said. The person declined to be identified because they were not authorized to speak to the media.

Wright did not respond to requests seeking comment.

Get Data Sheet, Fortune’s technology newsletter.

The granting of even some of the patents would be significant for banking and other industries that are trying to exploit bitcoin technologies, as well as dozens of start-ups scurrying to build business models based around it.

Financial institutions are expected to spend more than $1 billion this year and next on

Read more ... source: TheBitcoinNews