March 3, 2021

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Top Banks Join Linux and Open-Source Patent Protection Group

Top Banks Join Linux and Open-Source Patent Protection Group

ZDNet reports:
When it comes to defending the intellectual property (IP) rights of Linux and open-source software, global leading banks aren’t the first businesses to come to mind. Things have changed. Barclays, the London-based global corporate and investment bank, and the TD Bank Group, with its 26-million global customers, have joined the leading open-source IP defense group, the Open Invention Network (OIN).

For years, the OIN, the largest patent non-aggression consortium, has protected Linux from patent attacks and patent trolls. Recently, it expanded its scope from core Linux programs and adjacent open-source code by expanding its Linux System Definition. In particular, that means patents relating to the Android Open Source Project (AOSP) 10 and the Extended File Allocation Table exFAT file system are now protected…

Besides joining the OIN, Barclay is also joining the LOT Network. This is another fast-growing nonprofit group of companies that aims to stop patent trolls in their tracks. It has more than 1,100 member companies and covers over 2 million patent assets.

Why? The “IP and Patentable Innovations Lead” at TD noted that activity from so-called patent assertion entities “continues to trend upward in the banking industry,” according to ZDNet. He argues they “have become a tax on business and we’re willing to explore any reasonable means to address such risks…”

Read more of this story at Slashdot.