Three blockchain technology companies have joined a multi-industry consortium dedicated to protecting members against the threat of patent assertion entities (PAEs) – more commonly known as patent trolls.
Revealed exclusively to CoinDesk, Peer Mountain, MARKNetwork and IBISA have signed on to LOT Network, which was formed in 2014 by Google, software maker Red Hat and manufacturer Canon. LOT’s more than 400 members also include such household names as JPMorgan Chase, Ford, Microsoft, Tesla, Alibaba and GM.