As the number of blockchain-based patents and patent applications increases, more companies have become interested in pursuing these patents. Other companies still think that blockchain-based inventions are not patentable. This paper will provide an update on blockchain patents, provide guidance on the types of blockchain inventions that are patentable and how to draft applications to maximize their value. This paper is an update to our prior paper entitled “Patent Strategies for Cryptocurrencies and Blockchain Technology”. I recommend that you read that paper first, as this one builds on it and tries to avoid repetition.

Since that paper, the number of blockchain patents has continued to increase.