From American Banker:
“There exists a likelihood of confusion on the part of the relevant public,” who are “likely to consider that the goods and services at issue are provided by the same undertaking,” Eris Exchange said in a filing last month with the U.K. Intellectual Property Office.
Preston Byrne, chief operating officer and general counsel at Eris Industries, called the reasoning “absurd.”
“Our customers are system architects; theirs are exchanges and traders,” Byrne said. “We make a command-line blockchain database toolkit; they have an interest rate swap contract methodology and a market that trades them. There is no way that anyone is going to confuse these two brands.”