Mastercard Blockchain + Cisco Blockchain Patents - WTF?

evok3d

sr. member

Activity: 534

Merit: 250

The Protocol for the Audience Economy

Quote from: CryptosapienZA on October 24, 2017, 09:01:19 AM

I am not surprised, we all know how greedy these corporations are. They will try by all means to steal and monopolies this technology and make it their own. This is why it is important that everyone in this ecosystem understans the importance of decentralized open source project and why we need them.

Yes i agree for sure. Though i am seeing some new projects that are starting to patent their ideas which is just crazy given they wouldnt have anything to work with if it was not for other peoples free / open-source contributions.

I just hope this does not act as a road block in the open source community and innovation in the future.

oookova

newbie

Activity: 28

Merit: 0

I think they feel scared, that soon BTC will invade everything, so they want a part too Grin

CryptosapienZA

full member

Activity: 378

Merit: 101

I am not surprised, we all know how greedy these corporations are. They will try by all means to steal and monopolies this technology and make it their own. This is why it is important that everyone in this ecosystem understans the importance of decentralized open source project and why we need them.

evok3d

sr. member

Activity: 534

Merit: 250

The Protocol for the Audience Economy

Please share your thoughts on:

https://developer.mastercard.com/product/mastercard-blockchain

Quote

Mastercard Blockchain facilitates new commerce opportunities for the digital transfer of value by allowing businesses and financial institutions to transact on a distributed ledger. Our technology can power multiple use cases and can help take time, cost and risk out of financial flows.

And

https://www.coindesk.com/cisco-details-internet-of-things-blockchain-system-in-patent-application/

Quote

Tech conglomerate Cisco Systems has proposed a blockchain system to track Internet of Things (IoT) devices.

In an application released by the U.S. Patent and Trademark Office on Thursday, the technology giant outlined a blockchain platform that can identify different connected devices, monitor their activity and evaluate how trustworthy the device is when connected to a network.

It is really starting to annoy me as this is using a small part of what the underlying system behind bitcoin and many other cryptocurrencies provide. I am not surprised, just wondering how this patents will affect existing and future progress in the open-source communities? What can we do to warn people about these idiots using it as a buzzword. I mean its hilarious that Mastercard even capitalized blockchain as though its a product.

Please share thoughts

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