Square Joins Patent Protection Consortium to Protect and Promote Crypto Innovation

91

Jack Dorsey’s payments firm Square has joined the patent protection platform, the Open Invention Network (OIN). Joining the cross-licensing platform is part of the plan to protect the crypto industry from several patent lawsuits similar to what smartphone developers experienced and to promote the growth of the industry. The Open Invention Network was founded by IBM, Sony, and Red Hat in 2005. Members are allowed to access patentedt echnologies

source