I dont see why this should be blocked anymore than ASICs were. If it works then eventually everyone will use this process and "standard" ASICs would be obsolete. Just like FPGAs, GPUs and CPUs.
I think the problem is more with the patent. It would effectively create a monopoly on money, if only one company can dominate the manufacturing and supply, because they are protected by the patent. A global patent would stop other competitors from entering the mining scene.
It's supposed to be a free market. ^hmmm^