Blockchain patent wars heating up among big banks

Some of the largest banks already involved in blockchain development are now in a race to snatch up patents from the technology, reports said.

The Boston Globe reported Wednesday (Dec. 28) that Bank of America and Goldman Sachs are just two of the top banks to begin pursuing the acquisition of blockchain patents. Doing so could give them a competitive advantage, reports said, as many developers of blockchain-based solutions depend on open-source technology technically owned by someone else. Read more: