The Dash Core Group, the US-incorporated firm main the event of the peer-to-peer cost platform and cryptocurrency Dash, has filed a provisional patent regarding its upcoming platform known as Evolution, anticipated to launch in Alpha in H2 2018.
The patent offers with the registration and storage of metadata regarding blockchain-based person accounts on the Evolution platform. The group mentioned it filed the patent for defensive functions and can freely license its improvements to the general public topic to phrases and circumstances of an accompanying licensing coverage.
“Similar to how Tesla has ‘open sourced’ their electric automotive tech patents, we felt that it was worth applying for a minimal level of protection for our patent. Utilizing a set of licensing criteria similar to Tesla’s ‘Good Faith’ clause with its open patents, we can now freely license the patent to the public, while ensuring that no one co-opts the technology for use that contradicts the Dash network’s long-term goals of mass adoption,” Dash Core CEO Ryan Taylor instructed CoinJournal.
In a bid to spice up the electrical automobile business, Tesla CEO Elon Musk vowed in 2014 that the corporate wouldn’t sue when different corporations use its patents so lengthy that these corporations are “acting in good faith.”
This consists of not asserting any patent or different mental property proper for using applied sciences regarding electrical autos or associated tools, not difficult any Tesla patent, and never advertising and marketing or promoting any knock-off product, in accordance with Tesla’s Patent Pledge.
“Dash Core Group is protecting the technology and all its potential users or developers from malicious actors that could patent the technology themselves to try to extract undue revenue or prevent others from using it,” Taylor mentioned.
“We think the community will understand and appreciate the logic, and we see it as another major step toward enhancing the professionalism of the entire digital currency industry, as well as protection for what we envisage as a game-changing technology like Evolution.”
The patent, which lists as inventors the Dash builders Evan Duffield, Andy Freer, Timothy Flynn, Nathan Marley, Darren Tapp, Alex Werner and Will Wray, is for an overlay on the present Dash protocol. The new overlay allows blockchain-based person accounts, in addition to storage of metadata and the principles that govern interactions between accounts, whereas preserving the decentralization of the Dash community.
The patent itself isn’t public file at present, although it can develop into publicly out there inside 18 months after a non-provisional patent is filed.
The much-anticipated Evolution platform guarantees to introduce main enhancements and a number of other necessary developments, which Dash Core will share within the weeks and months forward. “We’ll be announcing specific features as the rollout progresses,” Taylor mentioned, including that the patent filed within the earlier weeks was “a good primer for what to expect.”
Notably, the brand new applied sciences to be launched will enable builders to construct their very own decentralized utility protocols on high of Dash, making it doable to introduce functionalities and options equivalent to person accounts, password restoration, recurrent funds, amongst different issues.
“Such a leap forward will be done thanks to data contracts that Dash has developed. These differ from smart contracts in that the computation is done at the client level instead of the network, but the data and relations are still validated in the blockchain,” Taylor defined.
While this can herald further potentialities for builders, the aim stays nonetheless to make Dash extra accessible to a wider viewers.
“At a high-level Evolution will make Dash the industry’s first decentralized payments platform that can be used by the average user,” Taylor mentioned.
“Our goal is to provide users with all the convenience and ease-of-use of a service like PayPal, but without sacrificing the unique benefits afforded by blockchain-enabled decentralization. User experience and accessibility has been one of the biggest roadblocks to user adoption of cryptocurrencies broadly speaking, and we believe the Evolution platform is going to play a major role in overcoming this challenge.”