Bloomberg Law hires people with a solid journalistic background to become reporters, but they're speaking to the wrong people (patent maximalists and the likes of IAM, not engineers who practice the underlying concepts)

Summary: Misleading language and bad advice dispensed by the legal 'industry' demonstrates strong resistance to the principles of patent quality (limiting patent monopolies to what actually justifies such monopolies)

"Blockchain this, blockchain that..."

We live in an age of hype and marketing. Not to mention law firms that keep 'name-dropping' novelty-sounding things they have no technical grasp of.

"OIN seems to believe that the solution is to hoard yet more such patents, but in reality the goal should be to void them all."Many of today's patents disguise themselves as "blockchain", but actually they're software patents that should be seen as patent-ineligible. OIN seems to believe that the solution is to hoard yet more such patents, but in reality the goal should be to void them all. It might be enough to petition PTAB a few times to informally invalidate -- by extension -- many similar patents (in the same domain).

Malathi Nayak, writing for Bloomberg Law (Wall Street media's coverage of legal matters is very often tilted in favour of lawyers' interests), has just perpetuated this hype ("Blockchain Patent Race Is on, but Hurdles Await"). To quote:

A wide array of corporations, including Alphabet Inc.’s Google and Bank of America, are lining up to enter a potentially lucrative club: one that allows them to own patents on blockchain technology.

But getting past the patent office’s velvet rope won’t be easy.

Blockchain inventions — from digital currencies to super-fast, secure trading systems — often cover software and financial service-related technologies. The U.S. Patent and Trademark Office has a track record of leaving applicants out in the cold if they seek patents for presenting other types of software or financial services inventions that are too abstract or obvious.

All these US (granted by the USPTO) patents are likely bogus because they're software patents (it's a bubble with hype on its side). But Bloomberg Law then persisted; it went further and continued to spread this kind of "propaganda" (throughout this week). There's no such thing as "Blockchain Patent Attorney," but here they are with "It’s Not Easy Being a Blockchain Patent Attorney" (retitled since). It's pure hype intended to market software patents which are almost literally worthless. To quote:

Blockchain tech might be poised to revolutionize how companies like Bank of America operate and cryptocurrencies like Bitcoin trade. But inventors trying to patent their ideas in the field—and stake their claim on future profits—are facing hurdles at the U.S. Patent and Trademark Office (PTO).

“Though there’s been a surge of these patent applications, winning or scoring these patents on these technologies won’t be easy,” Bloomberg Law reporter Malathi Nayak said in a recent podcast episode of Code & Conduit.

Bloomberg Law data shows a wave of new applications have hit the patent office in recent months, but only a fraction have won patents.

This is basically more from the same person, Nayak.

"One can count about half a dozen synonyms for software patents above (they also explicitly say "software patents")."We need to call out such misuse of hype and sometimes buzzwords (like "AI"). Examiners are being fooled by these. Watch this new buzzwords galore about an upcoming event: "Topics will include internet and mobile litigation, international IP, privacy and data security, Cloud/SaaS, patent litigation, blockchain and cryptocurrency, software patents, digital marketing, the Internet of Things, connected privacy, and the practice of IP law."

This is typical. One can count about half a dozen synonyms for software patents above (they also explicitly say "software patents"). Suzanne Monyak has just published this 'article' (more like an ad) which says "Hsiao came to the firm from Brown Rudnick’s Boston office, where he worked in intellectual property litigation related to high-tech medical and software inventions as a patent associate."

When they say "software inventions" they mean software patents, i.e. something which is being phased out.

"...patent quality is being improved, the bar is being raised by the courts (more so than by the granting authority, USPTO)."As we'll show and discuss this coming weekend, software patents are as weak as they can be in the US. It's getting worse for them over time. That's because patent quality is being improved, the bar is being raised by the courts (more so than by the granting authority, USPTO).

When the patent microcosm speaks of "strong patents" (or "STRONGER" at a legislative level) they mean the exact opposite. Andrew J. Maas and David Winwood say they want more low-quality (rubbish) patents -- that's what they mean by "stronger patents". Mind the image of the very top (from Nayak), including the brands/bodies named and the word "Stronger". These are patent extremists' circles, IAM included. ⬆