The Impostor Emerges: Craig Wright Files 50+ Blockchain Patents


The Impostor Emerges: Craig Wright Files 50+ Blockchain Patents

According to Reuters, Craig Wright, the Australian who claimed to be Satoshi Nakamoto, is now trying to secure many patents, according to his associates

Also read: Recession on the Horizon: What Will a Downturn Mean for Bitcoin?

Since the beginning of the year, Wright has filed over 50 patent applications in Britain, and Reuters has seen this data through documents given to the publication.

Wright Back in Mainstream Headlines With 50+ Patents

Sources coming from EITC Holdings Ltd., which employs two of Wright’s former associates, say Wright is still filing blockchain patent applications through Britain’s Intellectual Property Office.

According to Reuters’ source, this week alone, roughly 11 applications were submitted. A person close to EITC Holdings states that, “none of this has stopped,” and Wright has not responded to the publication looking for further commentary.

Antony Lewis, a Reuters consultant on Bitcoin issues, had this to say:

“It looks like he is trying to patent the fundamental building blocks of any blockchain, cryptocurrency, or distributed ledger system”

Craig Wright hasn’t been heard from in the Bitcoin community since he failed to prove that he was Satoshi Nakamoto, disappearing and apologizing to the community, saying he just couldn’t go on with the “proof” part of the story.

In his last letter to the public, he stated that people would still not believe him even after he provided proof.

An article published in The London Review of Books written by Andrew O’Hagan quoted colleagues of Wright talking about his patent snatching. The author writes:

“Wright and his people were preparing dozens of patents, and each invention, in a specific way, looked to rework financial, social, legal or medical services, expanding on the basic idea of the ‘distributed public ledger’ that constitutes the blockchain.”

Reuters also claims that even though Wright never proved he was officially Satoshi Nakamoto, documents they have witnessed show the Australian was involved with this type of technology and “cashless money systems” long before Bitcoin’s inception.

O’Hagan’s article again says that the patents were secured to “help with the giant sale to Google or whomever.” More patent grabbing happened when companies like R3 CEV’s consortium appeared to the public.

No one is sure what Wright aims to do with 50+ blockchain foundation patents, but it surely doesn’t prove he’s Satoshi Nakamoto. News will keep our readers informed if any more Wright sightings materialize.

What do you think about the latest Craig Wright news? Let us know in the comments below.

Tags in this story
Andrew O'Hagan, Craig Wright, Patents, Thomson Reuters

Images via Pixabay, BBC, and Shutterstock.

Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

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