A Hive of Patents
The full article was originally published by HelloIOTA. Read the full article here.
There has been a steady increase in patents filed that reference IOTA in their documentation. It’s always exciting when you read another news post or another headline that says IOTA is mentioned “on the 15th patent this month!” Although it’s true that the pandemic has slowed patent progress across the global economy, companies still managed to file a gigantic 72 patents during the four months ended July 31st that referenced IOTA. IOTA patents have been a bee hive of activity, relentlessly monotonically increasing for the past three years.
If you’re like us, you’re curious as to what some of these patents actually amount to. Who are the companies filing the patents, what are the patents for, and how prominent is IOTA within them? We were curious about all of this, so we’ve compiled information on a handful of recent patents that stood out. We’ve used the wonderful resource that is IOTA Archive, and HelloIOTA fully endorses their website as a high value IOTA news aggregator. Love what you guys are doing.
To give the reader an idea about volume of IOTA patents: IOTA Archive lists 289 patents from 123 unique entities. This piques curiosity to know how this compares to some other similar DLT projects, and is something we may examine in the future if there’s interest.
The most recent IOTA patent was filed by Diamler AG on the 24th of this month. The patent is for an “integrated parking disc using block chain technology”.
We see on page 3 of the filing that IOTA isn’t the only DLT mentioned, which is to be expected by a company that does 172 billion EUROS in annual revenue. It’s about staying ahead of their competition rather than pigeon holing into one solution too soon. Nonetheless, this is a giant company that likely wouldn’t include a mention of IOTA unless it was seriously on the radar at some level of their R&D process.