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Patent Wars Are Skyrocketing
With billions of investment capital at stake in the increasingly crowded field of Fintech, many speculate patent wars could be on the horizon.
If your company is in Financial Services, it could be at increased patent risk. New research shows Open Source-related patent assertions against Banks and Financial Services increased 100% between 2020 and 2021.
The emergence of Open Source Program Offices (OSPOs) in the public sector are a hot topic.
OSPOs provide an internal infrastructure to support and accelerate the creation, use & application of Open Source Software (OSS), as well as increase transparency & cooperation within — and between — public companies and organizations.
India is experiencing a thriving open banking ecosystem and emerging innovative digital banking solutions.
As of July 2022, 338 India banks rely on United Payments Interface (UPI) handling 6.29B transactions per month, valued at ₹10,630B INR (approximately $133B US), according to FinTech News. Digital Fifth estimates India's open banking startups raised a $1.5B US since 2021 & identifies the “Top 30 Open India Banking Influencers in 2022.”
The UK is a center of excellence in Open Source Software (OSS) which contributes up to £43.1B to the country’s economy.
A recent policy change on a popular software license was caused by patent issues and should be considered by all Open Source projects.
Fedora no longer allows the use of the Creative Commons CC0 license for code. Richard Fontana of Red Hat says, “The reason for the change: Over a long period of time a consensus has been building in FOSS licenses that preclude any form of patent licensing or patent forbearance cannot be considered FOSS.”
The number of patent threats against the Financial Services & Banking industries is skyrocketing, but so is the number of patent assets among these companies as they invest in Artificial Intelligence (AI) technologies — many of which are based on Open Source.
U.S. Senator Thom Tillis has filed patent reform legislation.
“The Patent Eligibility Restoration Act of 2022” could effectively overturn Supreme Court precedents set in the Alice, Mayo & Myriad decisions. The U.S. Patent and Trademark Office (USPTO), Patent Trial and Appeal Board (PTAB), U.S. District Courts and the U.S. International Trade Commission (USITC) would determine eligibility and exclusions under the bill’s provisions.
Tillis’s intent is to restore patent eligibility to inventions in many fields, but also to resolve legitimate concerns over the patenting of “mere ideas, the mere discovery of what already exists in nature and social cultural content that everyone agrees is beyond the scope of the patent system.”
Three of the 8 major global companies in Network Services have been named to the 2022 Gartner’s Leaders Quadrant are OIN members. The Leaders Quadrant identifies companies with the highest scores for their vision, ability to execute & demonstrated market share to influence the acceptance of new technologies. Join us in congratulating AT&T, Verizon & Vodaphone!
Among our newest OIN members, the Open Source Pharma Foundation is paving the way to “Medicine for All” and is fighting not only COVID-19, but future pandemics by rapidly & equitably repurposing existing widely-available, off-patent, low-cost vaccines with strong safety records.
Unified Patentshas published “Defending Open Source: A 2022 Litigation Update.” stating that Non-Practicing Entities (NPEs) have begun suing Open Source projects & creators for patent infringement on over-broad software patents that likely never should have been issued.
BUFFALO has become a major brand in the Computer industryand is known as a global manufacturer of innovative storage and networking products for home and small businesses, including data recovery services, digital appliances & PC peripherals. Join us in welcoming another Japanese firm into our Open Source community! Learn More >
Itron’sreach extends further than the fundamental utilities of gas, electricity & water. It's technology manages over 3 million streetlights. Its leak detection and wastewater monitoring solutions save millions of gallons of water per year. It helps avoid 15.6 million metric tons of CO2 emissions. It has prevented 17.3 million truck rolls. And it's creating smart solutions for tomorrow. Join us in welcoming Itron to OIN!Learn More >
Dawn Foster, Director of Open Source Community Strategy VMware;
Sami Atabani, Open Chain; and
Andrew Wafaa, Head of Open Source Program Office Arm
Being part of a community demonstrates a social connection based on shared attitudes, values and goals. Communities allow members to band together to collectively solve problems. And communities offer support — among other benefits — to help members with difficult challenges.Keith Bergelt, will share how OIN contributes to "The Value of an Open Source Community: A Place Where — as Aristotle said — “Our whole isgreater than the sum of our parts.” November 2nd from 2:45-3:15 p.m. at All Things Open, ann-person and virtual event, Oct. 30th - Nov. 2nd in Raleigh, NC.
Attendees will walk away with a deeper understanding:
About the real-time threat of patent risks & ways to reduce them
Why litigation towards Open Source programs reached an all-time high of 721 cases in 2021, &
The negative impact patent litigation brings to business operations.
Ticket provides access to 13 events. Registration to attend virtually is $25US. Linux Foundation members receive an additional 20% discount off current pricing.
Keith Bergelt, our CEO and Rob Taylor, our Linux System Director hope to see you there!
