The Compelling Implications of Using a Blockchain to Record and Verify Patent Assignments

By Michael Borella — Given the recent bust cycle of cryptocurrencies and non-fungible tokens (NFTs), all things blockchain are currently tainted with words such as "bubble", "scam", and "fraud". But blockchain technology, which is what enables cryptocurrencies and NFTs, remains a remarkably innovative tool. When implemented properly, it can be used to create an immutable distributed digital ledger of transactions that is highly resistant to most forms of hacking. Indeed, evidence of the efficacy of blockchain to solve specific real-world problems is beginning to emerge. If all you can think of is Bitcoin or bored apes when someone mentions "blockchain",…