Not long ago, I used to be speaking to somebody who arrived out with a very very good algorithm to resolve a certain issue. He understands that he has to acquire a patent to the algorithm, but he is worried that when he puts out the algorithm that Other folks will simply steal it, instead of fork out him the royalties or license that algorithm from him. In other words he won't get paid for all of the decades of exploration in producing it, refining it, and ensuring that that it works. Which is also lousy, but he reiterated to me that he has a method in your mind. He wishes to file quite a few patents, some of them bogus, concerning idiot the individuals who could make an effort to steal his algorithmic system.
He figures it's going to Price tag them an excellent amount of cash and consider them several years to determine which 1 he is in fact applying, and by then he may have modified it anyway. These mathematical approaches have to do with stock and commodity trading, amongst other factors for instance sports betting, or trend tracking graphical information. Without a doubt, I suppose it could be employed for nearly anything provided that you experienced the empirical factual details available in genuine-time. Maybe you may even use it to track the weather, although I do realize that modern synthetic smart supercomputer climate prediction methods are fairly strong.
Can it be attainable for him to file bogus algorithmic patents to sideline anyone who is attempting to steal his information and facts? Perfectly, website I obtained to pondering this and I ponder if The solution is most likely no. Let me tell you why. The thing is, somebody that goes with the aged knowledge inside the inventory current market, making use of Every of his algorithms could decide which just one he is working with depending on when he traded in or outside of a specific inventory. You should utilize these algorithms with historical knowledge as To place forth "what if" eventualities to determine in case you would've created revenue or not created revenue depending on previous inventory performances and on particular charts at specified time intervals.
Someone wanting to reverse engineer a investing algorithm might really very well have the ability to come up with an identical mathematical design with just a couple clues. If anyone were to file five or six patents with bogus algorithms, you might quickly dismiss them one after the other by retracing aged get more info details to see if they would function or not.
Needless to say if you are attempting to do it the tough way, you could possibly you eliminate a large amount of income, or it could just take you 6 months to some calendar year watching Every single on the filed algorithmic patents to figure out which 1 they were using. And like I said, he plans on frequently upgrading his math and continuously refine it to take into account a massive quantity of data with endless filters. Remember to take into account all this and Assume on it.