Square, Inc. Joins the Open Invention Network Community
September 14 2021 - 5:00AM
Open Invention Network (OIN), the organization formed to safeguard
open source software (OSS) and the largest patent non-aggression
community in history, announced today that Square, Inc. has joined
as a community member. Offering a full range of financial tools and
services to businesses and individuals worldwide, Square leverages
OSS to deploy best-in-class platforms, apps, and services. By
joining OIN, Square is demonstrating its commitment to patent
non-aggression in OSS.
“As a global leader in the effort to democratize financial
services, we are pleased that Square is committed to patent
non-aggression in core Linux and adjacent open source
technologies,” said Keith Bergelt, CEO of OIN.
"We recognize the value in shared innovation, a fundamental
characteristic of open source communities. In addition to joining
OIN, Square is one of the founders of the Crypto Open Patent
Alliance (COPA), a collaborative consortium in which members pledge
not to use their crypto technology patents, except for defensive
purposes,” said Max Sills, Counsel at Square and General Manager of
COPA. “Our participation in the OIN community demonstrates our
commitment to support collaborative technology development.”
OIN’s community practices patent non-aggression in core Linux
and adjacent open source technologies by cross-licensing Linux
System patents to one another on a royalty-free basis. Patents
owned by Open Invention Network are similarly licensed royalty-free
to any organization that agrees not to assert its patents against
the Linux System. The OIN license can be signed online at
http://www.j-oin.net/.
About Square, Inc.Square, Inc. (NYSE: SQ)
builds tools to empower businesses and individuals to participate
in the economy. Sellers use Square to reach buyers online and in
person, manage their business, and access financing. Individuals
use Cash App to spend, send, store, and invest money. And TIDAL is
a global music and entertainment platform that expands Square’s
purpose of economic empowerment to artists. Square, Inc. has
offices in the United States, Canada, Japan, Australia, Ireland,
Spain, Norway, and the UK.
About Open Invention NetworkOpen Invention
Network (OIN) is the largest patent non-aggression community in
history and supports freedom of action in Linux as a key element of
open source software (OSS). Patent non-aggression in core
technologies is a cultural norm within OSS, so that the litmus test
for authentic behavior in the OSS community includes OIN
membership. Funded by Google, IBM, NEC, Philips, Sony, SUSE, and
Toyota, OIN has more than 3,500 community members. The OIN patent
license and member cross-licenses are available royalty-free to any
party that joins the OIN community.
For more information, visit
http://www.openinventionnetwork.com.
Media-Only Contact:
Ed SchauwekerAVID Public Relations for Open Invention Network+1
(703) 963-5238ed@avidpr.com
Block (NYSE:SQ)
Historical Stock Chart
From Aug 2024 to Sep 2024
Block (NYSE:SQ)
Historical Stock Chart
From Sep 2023 to Sep 2024