Does anyone know what is going on in here when it says TAAL filed a layer 1 token patent?
Here's the press release: https://www.taal.com/news/5819/
The title starts out with "TAAL FILES SECOND PATENT FOR LAYER 1 TOKEN TECHNOLOGY...."
OK, so TAAL has filed a patent? But then I am confused because the actual content says:
"TAAL Distributed Information Technologies Inc. announces that its operating subsidiary has filed a second patent application (the “Patent Application”) with the United Kingdom patent office with respect to its newly acquired Layer 1 token blockchain technology for the BSV (Bitcoin SV) network."
So TAAL has an "operating subsidiary" company?
And then later it says:
"In April 2020, TAAL entered into a US$1m licensing deal with nChain Group Holdings Limited (“nChain”) to secure access to critical IP to support its development of transaction processing capabilities."
So does this mean the "operating subsidiary" is NChain? Or that there's an "operating subsidiary" which licensed the patent from Nchain? But if that's the case, why would they say TAAL has filed a patent? I'm really confused.
Does anyone know what is going on in here when it says TAAL filed a layer 1 token patent?
Here's the press release: https://www.taal.com/news/5819/
The title starts out with "TAAL FILES SECOND PATENT FOR LAYER 1 TOKEN TECHNOLOGY...."
OK, so TAAL has filed a patent? But then I am confused because the actual content says:
"TAAL Distributed Information Technologies Inc. announces that its operating subsidiary has filed a second patent application (the “Patent Application”) with the United Kingdom patent office with respect to its newly acquired Layer 1 token blockchain technology for the BSV (Bitcoin SV) network."
So TAAL has an "operating subsidiary" company?
And then later it says:
"In April 2020, TAAL entered into a US$1m licensing deal with nChain Group Holdings Limited (“nChain”) to secure access to critical IP to support its development of transaction processing capabilities."
So does this mean the "operating subsidiary" is NChain? Or that there's an "operating subsidiary" which licensed the patent from Nchain? But if that's the case, why would they say TAAL has filed a patent? I'm really confused.