On March 6, the Dash Core Group filled for a provisional patent for the “Evolution decentralized payment platform” which is expected to launch by the end of the year. It will be freely licensed to the public on the basis of “good faith,” but the company has put in certain defensive clauses for safeguarding their unique, “registration and storage of metadata relating to blockchain-based user accounts on the Evolution platform.”
The company claims to be worrying about third parties taking advantage of the technology and using it for malicious purposes. With the release of the preliminary patent, corporations or banks will be restricted from using the technology. The company will then be able to provide regular, detailed updates, as well as demos, regarding their development with the Evolution platform without any concerns.
According to Ryan Taylor, CEO of Dash Core Group “This patent filing is a major milestone for us, and enables us to start sharing Dash improvement proposals – a series of technical documents outlining the Evolution technology – with the Dash community in the weeks ahead. […] The Evolution platform is going to introduce dramatic improvements to Dash’s network, and we can’t wait to officially launch the Alpha version of the platform later this year.”
The patent is regarding a new overlay that is put upon the existing Dash protocol. It will preserve the decentralized nature of the Dash network but also implement metadata storage and enable blockchain-based user accounts.
The technology is designed to enable the average non-technical people to use the altcoin without needing technical know-how. The platform builds an ecosystem where users can buy, hold, and even sell their digital currency, without the necessity of cryptographic addresses like public and private keys. This goes further to help realize the company’s dream to make cryptocurrency accessible to everyone regardless of their expertise.
Ryan Taylor stated that once the patent has been granted, it will be transferred to The DASH DAO Irrevocable Trust, thus ensuring “ownership of the patents is held in perpetuity for the benefit of the Dash network directly.”