The Dash Core Group, which leads development and maintenance of Dash, the top digital currency for payments, announced that it has filed a provisional patent, “Methods and Systems for Object Validated Blockchain Accounts,” relating to its upcoming Evolution platform. The Dash Core Group is filing the patent for purely defensive protection of the technology, and will freely license its innovations to the public subject to terms and conditions of an accompanying licensing policy. Similar to Tesla’s “Good Faith” clause with regards to its open patents, the Dash Core Group has no monetization plans for the patent. Rather, it filed the patent to ensure third-parties utilizing the technology do so in a non-malicious manner and to prevent others from attempting to patent and monetize these innovations.
“The Evolution platform is going to introduce dramatic improvements to Dash’s network, and we can’t wait to officially launch the Alpha version of the platform later this year,” said Dash Core Group CEO Ryan Taylor. “This patent filing is a major milestone for us, and enables us to start sharing Dash improvement proposals – a series of technical documents outlining the Evolution technology – with the Dash community in the weeks ahead.”
The patent, which lists as inventors the Dash developers Evan Duffield, Andy Freer, Timothy Flynn, Nathan Marley, Darren Tapp, Alex Werner and Will Wray, is for an overlay on the existing Dash protocol. The new overlay enables blockchain-based user accounts, as well as storage of metadata and the rules that govern interactions between accounts, while preserving the decentralization of the Dash network.
The patent itself is not public record currently, though it will become publicly available within 18 months after a non-provisional patent is filed. In the interim, the Dash team will be releasing new details on the Evolution platform ahead of its official launch later this year, including several demos over the coming weeks.
“The Dash project has always been focused on making cryptocurrency accessible to everyone regardless of technical expertise,” continued Taylor. “The Evolution platform is going make that vision a reality, delivering a decentralized, PayPal-like experience to users that is necessary for mass adoption and becoming relevant to people in their daily lives.”