BlockCrushr drops lawsuit accusing ConsenSys of stealing its IP

ConsenSys described the case’s conclusion as highlighting “the value of aggressively combatting meritless claims.”

Canadian blockchain startup BlockCrushr has united to drop associate degree material possession (IP) proceeding against early patron, Ethereum-focused software package engineering firm, ConsenSys.

The two companies filed a joint agreement to dismiss the case on July twenty seven, with the deal’s terms prohibiting BlockCrushr from making an attempt to pursue the matter in future.

ConsenSys has characterised the agreement as a triumph for its position, stating: “BlockCrushr has discharged the proceeding with prejudice once review of the proof provided in discovery established that BlockCrushr’s claims were entirely while not benefit.”

ConsenSys’ lead counsel, Tibor Nagy, added:

“This is an important and complete victory for ConsenSys and illustrates the value of aggressively combating meritless claims.”

Filed in July 2020, the criticism claimed ConsenSys launched its “Daisy Payments” continual payments platform the day before BlockCrushr had planned to bring its own product to promote in June 2019.

BlockCrushr had received a $100,000 investment from ConsenSys and was admitted into its Tachyon accelerator program. The startup alleged that ConsenSys used trade secrets gleaned through the program to front-run its own product to promote before BlockCrushr.

BlockCrushr claimed that “every facet of its selling, financial, technical and restrictive strategy” was shared with ConsenSys throughout the Tachyon program, together with “the ASCII text file and proprietary technical answer to its continual payments platform.”

While IP enforcement has been seen as different to crypto’s core attribute of localised ASCII text file development, material possession matters have emerged as associate degree more and more hot stock.

In June, major localised finance protocol Curve saw a proposal denote to its governance forums advocating that it ought to move to guard its software package license and spread profits from informatics social control to tokenholders.

In addition to protective its position within the market, the post’s author declared informatics social control can profit Curve by reducing competition for bug bounty payments and worker accomplishment pertinent to its code.

In launching its extremely anticipated v3 iteration, leading localised exchange Uniswap introduced a “business source license” into its code to guard against the unauthorized industrial use of its code “for up to 2 years.” The move was supposed to forestall clones from showing, once SushiSwap and different rival DEXes forked its v2 code and launching lamia attacks designed to siphon away Uniswap’s liquidity throughout the DeFi summer of 2020.

Attempts by the ill-famed self-proclaimed Satoshi Nakamoto, Craig Wright, to forestall websites from hosting the Bitcoin Whitepaper have attracted widespread pushback from the crypto community. Wright has conjointly kicked off a campaign to secure as several patents as he will.

In April, the Square-led Cryptocurrency Open Patent Alliance (COPA) launched a proceeding requesting the U.K judicature to declare that Craig Wright doesn’t have copyright possession over the Bitcoin Whitepaper.