The Chamber of Digital Commerce, a global trade association on digital assets and blockchain technology, has formed the Blockchain Intellectual Property Council (BIPC), an initiative to promote innovation in blockchain and distributed ledger technologies (DLT) by addressing intellectual property issues. The council will help balance the protection of proprietary information with the openness necessary for innovation.

The Blockchain Intellectual Property Council will be chaired by Marc Kaufman, partner at Rimon Law; Patrick Murck, special counsel, Cooley & Fellow at Berkman Klein Center at Harvard; and James Murdock, chief business officer and general counsel at Blockstream.

More than 40 institutions have committed to the council, including Blockstream, Bloq, Civic, Cognizant, Deloitte, Digital Currency Group, Ernst & Young, Gem, Medici Ventures, Microsoft,, TMX and Wipfli, according to a statement released by the chamber.

[Image courtesy: Chamber of Digital Commerce]