The evolution of money and banking is at the cusp of a paradigm shift in the 21st century. The i... more The evolution of money and banking is at the cusp of a paradigm shift in the 21st century. The introduction of digital currency built on blockchain technology enables a distributed, peer-to-peer payment system ideal for the decentralized economy of the internet age. The role of central banks in this context necessitates change in order to ensure monetary and financial stability within the established management and purpose of fiat monies. The model of an interest-bearing central bank digital currency is argued to be a viable and perhaps imperative development that central banks must embrace in order to maintain independence. The European Central Bank in particular has a pressing need to fulfill this charge given the guidance of completing the economic and monetary union as well as realizing the digital single market strategy.
Patent claims operate to demarcate and define an invention, setting the boundaries of the monopol... more Patent claims operate to demarcate and define an invention, setting the boundaries of the monopoly of the invention as set forth in its specification. There are many different forms of claims, including generally product claims, process claims, product-by-process claims, representative claims, novelty-of-use claims, among others. Reach-through claims are those that claim subsequent and future inventions with some relationship to the specified invention. Aspects of breath of claim and sufficiency of disclosure will be discussed as pertaining to reach-through claims.
The evolution of money and banking is at the cusp of a paradigm shift in the 21st century. The i... more The evolution of money and banking is at the cusp of a paradigm shift in the 21st century. The introduction of digital currency built on blockchain technology enables a distributed, peer-to-peer payment system ideal for the decentralized economy of the internet age. The role of central banks in this context necessitates change in order to ensure monetary and financial stability within the established management and purpose of fiat monies. The model of an interest-bearing central bank digital currency is argued to be a viable and perhaps imperative development that central banks must embrace in order to maintain independence. The European Central Bank in particular has a pressing need to fulfill this charge given the guidance of completing the economic and monetary union as well as realizing the digital single market strategy.
Patent claims operate to demarcate and define an invention, setting the boundaries of the monopol... more Patent claims operate to demarcate and define an invention, setting the boundaries of the monopoly of the invention as set forth in its specification. There are many different forms of claims, including generally product claims, process claims, product-by-process claims, representative claims, novelty-of-use claims, among others. Reach-through claims are those that claim subsequent and future inventions with some relationship to the specified invention. Aspects of breath of claim and sufficiency of disclosure will be discussed as pertaining to reach-through claims.
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