Unveiled on WIPO’s global intellectual property database on May 11, South Korean tech powerhouse LG Electronics has taken a significant leap in the blockchain sector with its groundbreaking patent application. This patent application pertains to the company’s innovative blockchain-based Smart TV, a unique technology that facilitates the trading of non-fungible tokens (NFTs) on the television screen.
The Timeline and Process of LG’s Blockchain Patent Application
The World Intellectual Property Organization’s (WIPO) records reveal that patent applications typically surface in the public domain 18 months after the filing date or the priority filing date.
This timeline implies that LG Electronics submitted its groundbreaking patent application in November 2021. The forthcoming stages involve an exhaustive examination and, subsequently, the granting or denying of legal protection for the invention.
LG’s blockchain-based Smart TV technology is set to revolutionize how users interact with NFTs. According to the details available in the application, this inventive…