In the rapidly evolving landscape of technology, blockchain and fintech are at the forefront, revolutionizing how industries operate. At Sterne Kessler, our dedicated team specializes in guiding clients through the intricate patent and intellectual property (IP) terrain associated with these innovative sectors.
Understanding Blockchain and Fintech
Blockchain technology combines hardware, software, and cryptography to streamline global transactions, minimizing barriers between parties and often eliminating the need for intermediaries. This transformative technology finds applications across various sectors, including:
- Financial transaction processing
- Supply chain management
- Digital identity verification
- Credentialing healthcare professionals
According to Wintergreen Research, the market for blockchain-related products and services is currently valued at $700 million, with projections indicating it could exceed $60 billion annually by 2024.
Fintech, while encompassing certain blockchain applications like cryptocurrencies, extends beyond to include mobile banking, investment services, smart card technology, secure payment systems, and more. The synergy of hardware, software, and digital security is pivotal in driving advancements in the fintech industry.
Expertise at Sterne Kessler
The Blockchain and Fintech team at Sterne Kessler possesses a profound understanding of the foundational technologies that underpin these sectors. Our extensive experience enables us to navigate the complex IP landscape, assisting innovators in overcoming challenges related to protecting their intellectual assets and ensuring they have the freedom to operate as they scale their businesses.
In the current post-Alice landscape, many innovators mistakenly believe that their solutions lack eligibility for patent protection. This notion is misguided. Innovations driven by software and algorithms can indeed be protected, allowing creators to establish businesses founded on their groundbreaking ideas. Sterne Kessler has been a trailblazer in securing patents for software and business methods, equipping our clients with the necessary tools to safeguard their innovations.
Navigating IP Challenges
Our team concentrates on addressing issues related to subject matter eligibility under Section 101 and strategically leveraging intellectual property to enhance shareholder value. We adopt a collaborative approach to IP management, ensuring that we rise to new challenges and provide our clients with the best strategic counsel.
Brand Development and Protection
In addition to IP protection, we assist companies in building and safeguarding their brand identities. Our services extend beyond traditional trademark prosecution to include:
- Marketing strategies
- Advertising initiatives
- Brand licensing and co-branding agreements
For many firms in the blockchain and fintech realms, effective brand management is crucial for enhancing shareholder value, and our experienced team is here to support this endeavor.
Litigation Support
When disputes over intellectual property arise—be it concerning patents, trademarks, or trade secrets—Sterne Kessler offers a uniquely integrated and skilled team to navigate these challenges. Our trial and appellate specialists are equipped to advocate for blockchain and fintech companies, whether in district courts, at the Patent Trial and Appeal Board, or before the Federal Circuit.
Leadership Team
- Richard M. Bemben, Director
- Joseph E. Mutschelknaus, Director
- Monica Riva Talley, Director
Our Services
- Global Trademark Counseling & Portfolio Development
- Utility Patents
- Marketing & Advertising
- Litigation
- Appellate Services
At Sterne Kessler, we are committed to providing our clients with the expertise and resources necessary to thrive in the competitive blockchain and fintech landscapes.
