Blockchain is often quoted as a transformational technology with the potential to impact many technological areas. So what is a blockchain? Blockchain is an open and distributed ledger that can efficiently record transactions between parties. Each transaction is verifiable by consensus and there is a permanent record of the entered information. It can be understood as a data structure that is shared among a distributed network of computers. Blockchain technologies can be broadly categorized into digital currency and non-digital currency based technologies.
Patent prosecution analytics can provide valuable insight into the performance of an organization’s IP operations just as other forms of analytics help in reducing cost, in making better decisions and in creating new products and services. Technology companies who are actively filing patents can achieve cost savings and faster times to grant through prosecution analytics. I will illustrate what I mean by looking at two leading technology companies with different prosecution performance - Cisco and Juniper Network.
It has been over fifteen years since the release of Private PAIR. It was one of the most significant technical achievements by the USPTO and one of the major milestones in the patent data revolution by allowing electronic patent filing and data access.
The patent landscape is tougher and more complicated than ever before. The ever-increasing amount of patent litigation cases in district courts, federal courts, and PTAB trials and appeals courts is a clear indicator of the struggle inventors and companies face to secure their intellectual assets. Applying for a patent, getting it granted and monetizing it is harder than it was a decade ago. This state of affairs automatically makes the inventors and patent professionals obsessive towards competitor monitoring.