Banking on Open: Ensuring the Continued Growth of OSS in FinTech
summary
Explains how patent lawsuits and PAEs threaten fintech adoption of open source and how Open Invention Network’s defensive model reduces that risk: a free cross-license for a defined Linux system, a defensive patent pool funded by early investments like $5M from Canonical and $20M from multiple founders, over 3500 members and about 3 million patents in the pool, plus a >$100M acquisition fund. Notes a 111% increase in patent litigation targeting financial services and lists banks and platforms benefiting (Barclays, TD, Ant, Tencent, Ethereum).
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chapters (9)
- 0:00Start
- 0:37Background
- 2:53Copyright
- 3:12Patents
- 20:27Patent Portfolio
- 21:37Patent Litigation
- 27:34International Ambassadors
- 30:39Awards
- 38:16Who Uses Open Source
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