TuftyTheCat on Nostr: How is nChain doing in terms of patenting at the European Patent Office? So far, they ...
How is nChain doing in terms of patenting at the European Patent Office? So far, they have 143 granted patents that are still in force (I got 3 revoked). 17 applications have been allowed and are waiting for the grant procedure to complete. There are 437 pending applications, which includes international applications yet to enter the European phase.
A recent development over the past few months is that there are now increasing numbers of applications being deemed withdrawn, which happens when a deadline is not met, e.g. failing to respond to an examination report. This is now up to 21 applications, but I expect this will continue to rise. Another very recent development is some applications have apparently been dropped by not paying the latest renewal fee. This will also likely increase over the next few months.
All this points towards some cost-saving measures being implemented as nChain transitions to becoming Teranode and they continue to attempt to write Craig Wright out of the story. Calvin is probably looking at seeing how he can lose less money on the venture going forward. Losing £9 million a year is a lot, even for a billionaire, especially when there is essentially no revenue. How much longer can this continue? Who knows.
A recent development over the past few months is that there are now increasing numbers of applications being deemed withdrawn, which happens when a deadline is not met, e.g. failing to respond to an examination report. This is now up to 21 applications, but I expect this will continue to rise. Another very recent development is some applications have apparently been dropped by not paying the latest renewal fee. This will also likely increase over the next few months.
All this points towards some cost-saving measures being implemented as nChain transitions to becoming Teranode and they continue to attempt to write Craig Wright out of the story. Calvin is probably looking at seeing how he can lose less money on the venture going forward. Losing £9 million a year is a lot, even for a billionaire, especially when there is essentially no revenue. How much longer can this continue? Who knows.