FinTech Magazine May 2024 | Page 98

OPEN INVENTION NETWORK
Keith Bergelt , CEO of Open Invention Network , describes how his organisation functions
“ Open Invention Network , or OIN as it ’ s called , is the largest patent nonaggression community in the history of tech ,” says Bergelt .
“ It ultimately allows for companies to feel free to adopt open source technology because close to 4,000 companies , some of the largest patent holding companies in the world , have agreed to pledge their patents in technologies that are related to the core of open source of major projects .
“ The way it works is it ’ s free . People join , and they give as good as they get . Everybody benefits . Some people who don ’ t have any patents disproportionately benefit , but the companies that have the patents are reducing the risk from all their competitors and collaborators .
“ We ’ re really creating a community . That ’ s what this is about . It ’ s creating community , a code of conduct or a set of norms around how companies engage with open source technology .”
98 May 2024