But after all, the developers have patented their invention, which is a very correct strategic move.
Now the guys are the owners of the idea and will be able to independently develop, they will not be afraid that they will be accused of plagiarism!
This may prove useful for raising funds, finding business partners and raising your company's market value.
The simple fact is, a patent is a valuable tool--but it's hardly your number-one ticket to success. And before you invest thousands of dollars in securing a patent, there are steps you should take to ensure that it's a smart business move. After all, only 2 to 3 percent of all patented products ever make it to market.
The patent is a way for EndChain to protect its IP. Of course, the product itself is the most important part and the team is working hard daily to deliver its goals.
In this market, in which 100s of ICOs pop up every month, it is escpecially important for a company to protect its IP. Without it, there is nothing to stop competitors from simply copying your idea.
How long it will take to confirm the Patent ID? do we have any exact ETA for this patent because many people are showing interest on the basis of your Patent ID and show interest the way you exposing your IP.