Intellectual Property Update – Feb 25, 2022
Today we are pleased to share news that in the last twenty-four hours our team has received official notice from both the European and Chinese patent offices concerning their intent to approve our extant applications for patent protection covering key elements of Saito Consensus in their respective jurisdictions.
These developments will extend protection for Saito Consensus outside of the United States in the global markets that matter for network adoption. Coverage starts with the use of cryptographic signatures to track fee circulation, and extends from there to critical techniques for building blockchains and running web3 applications.
Our team remains committed to building an open network. We are delighted at the recognition being shown to the importance of Saito Consensus, and the strong prior art these approvals will create to protect web3 developers building on Saito as well as other distributed PKI networks.