[*world's first*] COR Issues Five Digital MicroPatents™ Using The Bitcoin Blockchain as Registering Authority
CEO, Jesse Adams, pointed out, "the word patent comes from the French for 'open letter'. The idea of a patent is to provide an open letter registered with an authority. As you can see, blockchain technology is an immutable distributed trustless authority and a perfect way to register an 'open letter'. The digital micropatent™ is a great way to protect each idea along the way in this first to file patent world where strength traditionally goes to those who have the funds for continual legal and filing fees. Also, if everyone were to use digital micropatents™ we wouldn't have to pay for the costly patent process. Finally, in the US, you have a 12 month mico-backup plan", he said, smiling. "You don't want to count on this, but you as the inventor have a 12 month grace period to file on something you disclose but it's only as good as your enablement and you lose international rights. But hey, if you ask the question, am I really willing and able to spend $500 to protect a very weak provisional application today, then spend another $5,000 in a year to have a full utility prepared and submitted on that material, then spend another $200,000 for international filings ... and pay thousands of dollars for years of continued maintenance fees for each idea -- the answer is probably -- in most cases -- no. If it's yes, then by all means file by the traditional process and get the projection backed by the gonverments of the world. But if you're not sure, don't have that kind of money or you plan to invent, register, and build 15 things a day like we are trying to encourage here at corcom.io then it quickly becomes intractable to use the traditional process and methods. What we are proposing is another way to project your IP -- give it away -- so you can build it or someone else can build it or give you a run for your money -- but this way, if you're first, you won't be blocked from building it, you get credit for inventing it -- you have registered proof of public disclosure confirmed by the blockchain transaction ID -- and you have 12 months to consider putting something into the traditional US system as well. If everyone did this they would protect their right to build with their ideas while also allowing others to try them too... and we could save millions, billions or trillions in patent process, concerns, and litigation expense -- funds that could be used to innovate!"
late 14c., "open letter or document from some authority," shortened form of Anglo-French lettre patent (also in Medieval Latin (litteræ) patentes), literally "open letter" (late 13c.), from Old French patente "open," from Latin patentem (nominative patens) "open, lying open," present participle of patere "lie open, be open" (from PIE root *pete- "to spread").
The Letters Patent were ... written upon open sheets of parchment, with the Great Seal pendent at the bottom ... [while] the 'Litteræ Clausæ,' or Letters Close, ... being of a more private nature, and addressed to one or two individuals only, were closed or folded up and sealed on the outside. [S.R. Scargill-Bird, "A Guide to the Principal Classes of Documents at the Public Record Office," 1891]