There was a significant development in the decentralized financial market. Bancor’s profit -free arm filed a lawsuit at the United States New York Southern Regional Court of New York Southern Regional Court for alleged patent violations against Bprotocol Foundation and Localcoin Ltd., Uniswap Labs and Uniswap Foundation.
Uniswap case
According to Bancor’s claim, Uniswap Labs and Uniswap Foundation used the “Constant Product Automated Market Maker” (CPAMM) technology developed and registered by Bancor. In the documents, this technology, decentralized stock exchanges are shown as the basic structure that enables the central order book to work.
Bancor’s developer team announced that the technology was first developed in 2016 and then a temporary patent application in the United States in 2017. This application resulted in the receipt of two patents covering the CPAMM structure and these patents reportedly guided Bancor’s On-Chain Automatic Token trades.
Experts say that CPAMM technology is a transformative for decentralized financial platforms. The main feature of the technology is based on ensuring that users can automatically swap crypt assets. Many stock markets and financial platforms in the sector have added similar automation systems.
Many sector representatives are worried that patent cases may adversely affect the development and innovation of decentralized financial practices. In particular, it is emphasized that patents are widely covered and similar technologies may face legal risks.
Uniswap and Bancor
In the case file, the Bancor team stated that they are the original inventor of technology and that they demand the protection of their rights:
Bancor Developers: “We invented CPAMM technology in 2016 and made our patent application in 2017. We think that our patent is the main element for decentralized stock markets and we claim that our rights are violated.”
Until now, Uniswap Labs and Uniswap Foundation have not made a public explanation. While the proceedings continue, important actors of the sector closely follow the developments.
In addition to technological innovation in the sector, the incident raised questions about how intellectual property law would be reflected in the centralized financial ecosystem. Some experts say that similar proceedings may become widespread and that the impact of this on the sector should be examined closely.
The patent case between Bancor and Uniswap is important in terms of protection of technological rights in the field of decentralized finance and how patent practices will work. Other platforms that develop similar technologies are thought to be affected by such cases. The uncertainty about the developments in the sector continues before the proceedings are attributed to a concrete conclusion. Such initiatives to protect intellectual property rights may affect both positive and negative speed of innovation. Readers are recommended to follow up -to -date developments closely.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
