A startup tied to Australian tutorial and businessman Craig Wright, who final yr claimed to be the inventor of bitcoin, has been offered.
The sale of nChain – previously generally known as EITC Holdings – was announced yesterday. The purchaser is a Malta-based funding fund, High Tech Private Equity Fund SICAV plc, which is managed by Zürich-based Accuro Fund Solutions. A bunch of firms affiliated with nChain was additionally acquired as a part of the deal.
An investigative report printed by Reuters final summer time connected Wright to EITC, via which as many as 50 patent purposes have been filed within the UK. Public records present that EITC submitted a number of dozen patent purposes all through 2016.
Wright made international headlines in late 2015 after a number of publications identified him because the attainable face behind Satoshi Nakamoto, the pseudonymous creator of bitcoin. Word that Wright was the topic of an Australian tax investigation and reviews of police raids additional heightened the scenario.
The developments culminated in a media frenzy when Wright moved to prove that he was certainly Satoshi – solely to drop the bid amid rising scrutiny and criticism. Yet because the controversy abated, rumors began to circulate within the trade that there could also be developments associated to mental property.
But, in accordance to the agency’s announcement, nChain could also be planning a extra open method to the patents it’s looking for.
In its launch, nChain stated that it “intends to make some of its intellectual property assets available to the blockchain community through open source software and royalty-free licensing” someday this yr. However, the agency gave no indication when that course of may truly start.
Image Credit: BBC
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