Nigeria: Monetising and licensing patents

Since the dawn of the industrial revolution, the use of patents has been one of the valuable tools used for the protection of inventions, particularly inventions that are considered to have commercial value and appeal.

Owning a patent gives you a valuable property right, it allows an inventor to commercially make, use, and sell inventions for a specified period.

The patenteability of blockchain technology in Europe

Introduction

The blockchain technology gained global notoriety when, at the end of 2017, the value of the cryptocurrency Bitcoin reached the value of $ 20,000. It is usually accepted that this technology arose in 2008 and was created by Satoshi Nakamoto, the fictitious name of a person or a group of people, being implemented in 2009 as a nuclear component of Bitcoin.