A rather radical plan to limit/channel patent trolls
DISCLAIMER: This entry representy my personal opinion and is in now way related to my job nor does it reflect the opinion of my employer.
Here’s a rather radical idea to limit/channel patent trolls.
- Have all software/hardware companies put 1% of their revenue in a global patent pot, managed by WIPO.
- Have all patent trolls file their claims and distribute the 1% according to the claims.
- Make laws that ensure that the 1% pot is the only source of patent license money, so all SW/HW companies can safely invest in progress and innovation.
- Use this pot also for patent encumbered standards. So all standards are capped at max 1% royalty, allowing simple implementation and distribution as Open Source.
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DISCLAIMER: This is my personal opinion only. Not related to my job.