by Mike Masnick
Tue, Oct 11th 2011 10:32pm
Tim Swanson was the first of a few of you to pass on the news that the Taiwanese government is planning to put together a "patent bank" that would basically seek to buy up patents around certain technologies, and local Taiwanese firms share in the patent pool and effectively check patents out to use against others if threatened. Of course, this is similar to the original pitch that Intellectual Ventures made... and also similar to the claims of companies like RPX which basically tried to recreate the Intellectual Ventures model. Of course, IV also went on the offensive, rather than just the defensive. And, as Stephan Kinsella has pointed out, all the patent banks in the world won't save you if you get sued by a non-practicing troll who is immune from return patent lawsuits. Really all this demonstrates is how ridiculous the patent system is, when governments (and the article notes that South Korea and Japan have similar things) have to create special institutions to protect their own companies from the patent system. Shouldn't that raise questions about the patent system itself?
If you liked this post, you may also be interested in...
- Math Is Not A Crime
- Unpatent Launches Combination Crowdfunding/Crowdsourcing Platform To Invalidate Stupid Patents
- Chinese State Patent Troll Absorbed By Smartphone Maker Xiaomi, Adding To Its Patent Hoard
- Stupid Patent Of The Month: Elsevier Patents Online Peer Review
- Former US Patent Office Director Freaked Out That Business Methods & Software Are Less Patentable Than Before