Patent trolls are a gaping wound on the innovation economy. Despite growing evidence about the trolls’ economic damage, the U.S. government is still grasping for ways to stop them, and to fix the country’s dysfunctional patent system.
On Thursday, the White House plunged forward with a new series of measures intended to curtail the troll plague that is siphoning money from productive companies while producing nothing of value. The plan is clever, relying on crowdsourcing tactics to expose trolls and bad patents. Unfortunately, it won’t kill the trolls.
Here’s an overview of the new troll-fighting tactics and what they will — and won’t — do to fix the patent problem.
Trolls and transparency
The details, set out in a fact sheet, includes an “online toolkit aimed at empowering consumers .. [that] will include information and links to services and websites.”
That toolkit will be powered in part by websites like Lex…
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