Rise of Blockchain and the Question of Patentability

1.Introduction It started in 2008, when Satoshi Nakamoto came up with a ground-breaking idea of bitcoin and cryptographic proof that relies on CPU power to create immutable, tamper-proof ledgers which operate on a peer-to-peer architecture. Blockchain, was initially introduced only for Bitcoin and to ensure a consensus-based economic transaction, eradicating the need for a trusted third […]