Zephyrnet Logo

Tag: normal

Mario Floki: Gaming Nostalgia While Earning Crypto

What do you get when you combine Super Mario Brothers, Elon Musk's puppy Floki, and cryptocurrency?  You get Mario Floki silly!  Remember the excitement while playing through the 8-bit side scroller as you collected coins, gobbled power-ups, and pounced on enemies to rack up the points?  I can hear the victory music playing as I slide down the pole at the end of each stage.   Guess what, you can still get that nostalgia from the original game but here's the twist – you can earn crypto just by playing it!  Read on to learn how -  Let's-a GO!!!

What Is Mario Floki Exactly?

The crypto and blockchain space is growing rapidly these days especially in the past year.  Bitcoin just hit an all-time high and is continuing to push upwards while NFTs just hit the mainstream market.  Metaverses are hot and it seems like every day new cryptocurrencies are being created.  Amongst the noise, are tons of token projects and meme coins that took the spotlight.

MARIO FLOKI: GAMING NOSTALGIA WHILE EARNING CRYPTO 
There is a fair share of Mario-inspired projects along with a plethora of dog-themed ones. Yes, Mario Floki is a token project but it isn't just your typical meme coin.  Instead, Mario Floki is a token project that has a Super Mario Brothers meets Floki Shiba Inu” theme.  Both are super cute and recognizable - so why not right?  It sounds good but what exactly makes up Mario Floki's token project?  

Imagine earning token rewards just by playing a Super Mario-themed mini-game, then using them to earn BUSD.  There's also an NFT marketplace where you can buy, sell, trade, or HODL your favorite characters.  Aside from all of this, players and holders can use the tokens to actively or passively earn BUSD through their DeFi protocol.  This is all pretty impressive but it doesn't end there.  As a member of the Mario Floki community, you are actually contributing to the welfare of kids (more on this later)!  

The Pillars Of The Mario Floki World

We've all seen projects fail after the initial hype dies down and most of the whales have liquidated their holdings.  The overall trading volume reduces shortly thereafter, usually in parallel with the mounting FUD.  The fate of a token without utility, or at least a solid use case, is often destined to the graveyard of dead crypto projects.  Luckily for the Mario Floki community, several pillars establish the foundation of their token project.  Let's take a look at each pillar in detail.  

Play-To-Earn Gameplay

NFT games like Axie Infinity have taken the crypto gaming industry by storm this year and the blockchain gaming movement isn't stopping any time soon.  Mario Floki capitalized on this movement by creating their play-to-earn (P2E) game which is reminiscent of the original Super Mario Brothers (SMB) side scroller.   Who doesn't want to play games while earning, right?

The characters that can be chosen are all inspired by the cast found in SMB and the storyline is similar to it too.  You'll be able to select a character like MarioFloki, or FlokeyKong, or a host of other familiar characters and progress through the levels while racking up points, collecting power-ups, and gaining experience.   Princess PeachFloki is being held captive so it's your job to clear the stages of the MushroomFloki Kingdom and fight your way towards the final boss, BowserFloki.  

All of this sounds pretty familiar, doesn't it?  Here's the thing – Mario Floki isn't trying to reinvent the wheel or tap into the metaverse.  Their intention is simple:  Let players have some fun with mini-games and let them earn $MRFLOKI tokens at the end of each level completion.  The P2E mini-game format is perfect for those who like to game but don't want to invest hours upon hours to level up their characters only to receive marginal payouts.  Playing the game is simple too.  

You're allocated three tries, or lives”, per day which is similar to how the original SMB game was set up.  There isn't a reset or pause button so there is an element of FOMO on token earnings per day if you were to lose all of your tries.  You'll definitely want to hone your skills because the difficulty increases with every stage but the overall game is simple enough that the barrier to entry is quite low.  Because the P2E game maintains interest via the leadership rankings, players are incentivized to keep on playing and to continue unlocking rewards.   The players at the top of the rankings will receive prizes that are set by the community but you'll need to be actively playing and maintaining your position to see what they will be.

Rewards, Charity, And Earning Mechanics

Okay, so you're getting good at the P2E game and are accumulating tons of $MRFLOKI tokens.  What do you do with them?  After accruing at least 100 million $MRFLOKI tokens you can earn crypto passively.   Yep, you read correctly!  The Mario Floki team calls this the Super BUSD Bonus” where players can earn BUSD rewards automatically every hour just as long as this minimum holding quantity is held.  Since BUSD's price is relatively stable, you can rest assured that your cashouts from crypto to fiat will be fairly accurate and predictable.  

Other competitor tokens require a much higher minimum holding quantity - some as high as 10x more.  The $MRFLOKI token supply is limited to only 1,000,000,000,000 which is also comparably low to other competing projects.   What this means is that the relative token scarcity and the low minimum holding quantity for earnings make it attractive for passive income investors.  With the law of supply and demand in full effect here, you can expect the price of each token to increase in value as time passes, especially as interest in the project grows.  

As a $MRFLOKI token holder, you will be earning on every transaction.  The tokenomics is set up so that for each type of transaction (either buy or sell), tax is collected and redistributed to different sections of the operations and as rewards to HODLers.  You stand to earn anywhere from 6-8% BUSD for these transactions so it pays to HODL – the more you hold, the more you will earn in taxes.  What's interesting here is that from the taxes collected from the sell transactions, a portion goes to charity.  

Mario Floki wants to give back, not only to the community of investors but also to those in need.   Mario Marathon is an online fundraising organization for children in need and the team at Mario Floki drew inspiration from them and mirrored their idea.  The team is working to establish partnerships with charities that specifically work towards the betterment of children's lives.  Think of the children out there with no food, shelter, medicine, have disabilities, or lack opportunities.  What this means is, you as a $MRFLOKI token holder will be contributing to these charities and therefore helping to transform people's lives.   

NFTs And Giveaways

The Mario Floki team is working to partner up with various exchanges soon so make sure to keep up with them via their Telegram account.  Once they are listed, you can expect their token value to spike pretty much immediately, so watch out for that.  The team plans to issue daily quizzes so that all levels of investors in the community and even non-investors have fair earning opportunities. These provide another avenue of earning rewards and while securing whitelist spots for giveaways.  

Remember we talked about the playable characters in the P2E game?  Special edition characters can be purchased through the NFT marketplace.   These aren't your typical NFT digital art, however.   You can marvel at its beauty but because only a limited supply of each character are minted, they will truly be scarce and as the project increases in popularity, they will become coveted items.   

As an added incentive, these NFT's can be playable in the P2E game.  The difference with these NFTs versus the stock characters is that they will have special attributes, like the ability to throw barrels if you have one of the special edition Flokey Kong NFTs.  Because the NFT can be used within the P2E game, you have an advantage in the game and this can ultimately play in your favor when earning rewards.  

Why Should I Join Mario Floki?

Mario Floki is DeFi token project that allows players, investors, HODLers to earn crypto while buying and trading within their NFT marketplace.  The $MRFLOKI token is directly correlated to your BUSD earning potential.  The more you have the more you can earn passively but it isn't just a means to earn crypto.  

Mario Floki combines Defi and crypto P2E gaming while contributing to the betterment of children's lives – all through a fun, playful, and familiar cast of characters.   If this isn't a win for all, I don't know what is.  The presale is coming up very soon so make sure to get in on the action as soon as possible.  

To learn more about the project :

https://www.mariofloki.com

CONTACT DETAILS

Visit their socials to get the latest updates on their progress:

TELEGRAM | INSTAGRAM | TWITTER

CONTACT THE TEAM at : admin@mariofloki.com

How To Structure Intent In Chatbots And Gather Useful Feedback

I recently collaborated on several projects involving chatbots and had the opportunity to discuss with industry experts about the main difficulties that are often encountered in this type of project. While it is becoming easier and easier to build conversational assistants, it looks like there are some problems that emerge systematically as the chatbot grows, […]

The post How To Structure Intent In Chatbots And Gather Useful Feedback appeared first on TOPBOTS.

The Top Bitcoin Lottery Sites of 2022

Bitcoin lotteries offer global access to tickets, big jackpots, provably fair games, and instant payouts. Here are some of the best Bitcoin lottery sites.

The post The Top Bitcoin Lottery Sites of 2022 appeared first on BitcoinChaser.

$COQ Introduces a New Way to Earn BNB Every Hour

$COQ token is the first to let its holders vote to raise or lower the taxation and dividends rates to take advantage of the pool goals, market sentiment, or other events. To earn BNBs every hour and to vote, members are required to hold at least 1M $COQ tokens in their wallet.

$COQ is part of a new wave of Defi tokens popping up that integrates a Dynamic Reflection Token(DRT) mechanism designed to reward holders. These new tokens protect investors against manipulation from whales, ensuring an equitable ecosystem where everyone has a fair chance to bag rewards regardless of their wallet size. 

Several crypto communities have endorsed $COQ as the best lucrative and creative Reflection Token. Crypto supporters simply need to connect their wallets to purchase and HODL $COQ to get more BNB dividends forever. 

The CoqView dApp allows users to calculate and track their BNB reflections based on their $COQ token holdings and estimate the next payout in real-time.

How Does the Project Generate More BNB Rewards?

$COQ combines powerful trading mechanisms and DeFi protocols to produce BNB rewards aggressively and consistently. The production of BNB dividends is powered by various innovative strategies, including staking-lending (COQ-FARM), Internal Auto Trading Systems (COQ-ATS), and DEX Transactions (COQ-SWAP). 

The BNB production also stems from DEX and CEX pairing transactions on top-tier exchanges such as Binance, Gate.io, KuCoin, and many more. Additionally, crypto and DeFi investors on the multi-functional platform receive aggressive BNB dividends from the project's promotion on multiple social media platforms.

The project boasts a unique reward reflection model that guarantees holders passive income in BNB every time $COQ coins are bought, sold, or transferred. Users currently need to have 10M $COQ to be eligible for rewards, although the community can vote to raise or lower the tax and dividend rate at any time. The BNB returns are automatically sent to token holders' wallets.

A Closer Look at the $COQ Tokenomics

$COQ deploys excellent reflective tokenomics aimed at creating a fast-growing community and empowering holders to become BNB-wealthy forever. 

A 15% tax is charged on all transactions, with 10% of the fees going directly to $COQ coin holders, allowing them to earn a passive income simply for HOLDling. 

Meanwhile, 1% of the transaction fees goes toward increasing $COQ liquidity, raising the token's price floor to combat price fluctuations. 1% goes to the burn wallet, which removes a portion of tokens from circulation to stretch the supply and increase demand.

Furthermore, the $COQ project deploys an entirely fair method that protects against price manipulation by big-money investors. To this end, the protocol restricts $COQ token sell transactions to less than 0.1% of the total supply and charges an extra 2% tax on all non-buy transactions.

This strategy deters whales from dumping their coins during the start of the price discovery stage, ensuring $COQ can reach its full moonshot potential. It also counters swing trading and reduces arbitrage on sell transactions.

The anti-whale dumping mechanism goes a step further to protect investors by capping the maximum amount any wallet can hold to 1% of the total supply. An additional 2% from all trades goes into aggressive $COQ evangelization and community giveaways to generate hype around the project for the long haul.

The Upcoming $COQ NFT Collection

Besides creating the next generation of yield-producing contracts on BSC, the $COQ team plans to release a fascinating NFT collection and new tokens on the ETH blockchain. The NFT collection ties in beautifully into the $COQ ecosystem, offering crypto fans more options and an unforgettable experience.

To stay tuned on the $COQ token and the latest news and developments surrounding the project, check out the resources below:

Website | Telegram | Twitter | Instagram | Reddit | Facebook | Linkedin | Pinterest | Tumblr |

Hierocoin BAR to Empower the Hip-hop Industry with a DAO System

Hierocoin aims to create a platform whereby artists and the hip-hop community can leverage blockchain technology to secure their hard earned returns.


Why Heirocoin Is Banking on DAO

Hierocoin represents a digital token that targets to transform the music industry. It is an innovative platform built by Brooks Boyd. The project came to life in 2014 through Jonathan Owens as a beta version. It launched in December 2021 after years of research and tests.

Hierocoin's DAO will enable users to design policies which favor the entire platform. The DAO system implements the set rules where no third-party will become involved. 

The structure could also deal with power-related issues since there will be collective participation from the community. 

What Heirocoin Represents

Hierocoin borrows its name from the legendary music group known as Hieroglyphics. The platform, however, guarantees that it doesn't associate its milestones or failures with Hieroglyphics and Hieroglyphics LLC. 

The project's native asset is known as BAR and runs on the Binance Smart Chain. BAR's primary use case aims at building a DAO system that supports market scarcity of the token. 

Farming is the second use case that allows investors to stake coins and receive rewards in return. Besides, individuals can use BAR in the Hiero farms to generate more BAR tokens. The users' staking amount and the pool's staking rates will have an impact on their rewards. 

According to the platform, the Hierocoin Bar token's goal is to help embrace art and promote upcoming artistic projects.

Users can also spend their BAR tokens on Hierovr.com, the project's metaverse world. Hence, BAR acts as a regular currency that enables users to shop and encounter several experiences in the metaverse. 

It further supports a gaming network whereby players participate in completing quests for hidden tokens and is able to bridge virtual items with real-world purchasing.

BAR has a total supply of 93M and a circulating supply of 3,207,200 tokens. The initial liquidity amount accounts for 50M BAR together with another liquidity contribution of 33,810,000. 

The distribution chart also dedicates 9M tokens to the Hieroglyphics music group. Lastly, airdrops and Hierocoin use 300,000 BAR and 7,500 BAR tokens, respectively. 

Hierocoin's Recent Presale and Auditing Spells Success

The project successfully held its presale which began on 25th November to 8th December, 2021. BAR is currently available for purchase on  PancakeSwap. KYC and auditing procedures provide startups with security for their investors. 

Hierocoin therefore has two auditing reports from popular security firms known as SolidityFinance and OpenZeppelin. 

An additional KYC examination was done by SolidProof, a German-based firm offering blockchain security solutions. Carrying out both procedures gives users a sense of trust and security in their investments. 

Improving access to COVID-19 treatments: how IP makes it possible

The announcement that The Medicines Patent Pool, Pfizer and Merck Sharpe Dohme (MSD) are joining ranks to license two new oral COVID-19 therapies to low- and middle-income countries is great news. How does IP help make such agreements possible?

How to Reduce Freight Costs AND Attract Truck Freight Capacity

The current freight capacity crunch has not been kind to corporate freight budgets. But a capacity-at-any-cost strategy is not sustainable – even in the short term. It’s why we went back and updated our idea log on freight cost reduction strategies. Check out our 13 Strategies to Reduce Freight Costs.

But let’s face it, in the current freight environment it’s more about supply than demand. Some of these same freight savings strategies can help secure the capacity you desperately need. Here are a few ideas.

DarkShield Games Pioneering the Play to Earn Market

The studio launched a variety of 2D and 3D RPG games with great success in the past. Now, the team has their eyes set on a bigger goal, bringing the play-to-earn gaming model to the market. The play-to-earn concept is simple. Players have the chance to earn rewards that can be converted to real-world assets. This business model incentivizes users to play more and unlocks all the effort, funding, and time put into gaming titles. 

GameFi

GameFi is the merger of gaming and finance. In the past, this merger consisted of MMRPG's (massive multiplayer role-playing games) originally as many now have working economies. These games have long offered fiat auction houses to let players unlock value. However, these centralized systems were slow and the players had no real way to verify the scarcity of the items they were purchasing.

The randomness of some NFT-based games can make it difficult to predict your income. Since NFTs are unique digital assets, their value is determined slightly differently than normal cryptocurrencies. 

Rather than reviewing the assets market cap, NFT's value comes from their capabilities, scarcity, and their personal connection with the collector. The more you play and the better your chances of securing major wins.

What Makes DarkShield Different

DarkShield is different than other gaming studios in a couple of days. For one, the studio only works with play to earn blockchain games. As such, the developers can direct 100% of their focus on making these titles as fun and profitable as possible. Additionally, DarkShield operates on a multi-chain infrastructure which helps to reduce the cost of playing and opens up the ecosystem for more players. 

DarkShield leverages the power of the Binance Smart Chain. The BSC is a fourth-generation blockchain that supports full DeFi capabilities including staking, farming, and lending. This multi-purpose digital asset can be used to send value, pay fees, staking, and as an in-game currency across multiple titles.

The DarkShield Marketplace

Users can collect valuable in-game assets in the form of cryptocurrencies and NFTs when they play DarkShield games. Once you have some treasure, you can head over to the marketplace to convert your winnings into other popular cryptocurrencies or digital assets. The DarkShield marketplace operates as a non-custodial peer-to-peer market for all digital assets acquired within the studio's titles. 

DarkShield Studios believes that blockchain gaming can be so much more. The team wants to bring AAA-level quality gaming to the sector with cross-chain capabilities. Users will be able to sell and trade valuable NFTs they earned through gameplay. Additionally, the system will support NFT lending.

P2P Lending

Peer-to-peer lending systems leverage large smart contracts called lending pools to provide a more democratic and open process. Unlike your local bank branch, there are no gatekeepers on these loans. Your approval is strictly based on your collateral. As such, it's a more transparent and just process that doesn't require you to jump through unnecessary hoops to access funding. 

About DarkShield

DarkShield has the business model and technology to provide users with a more robust and fruitful experience. The developers have been hard at work researching the best features to add to their titles. Now they are ready to begin releasing these next-gen titles to the public. For now, the group has just released a working demo of their first game, Zygut. Like all DarkShield games, you can earn some serious cryptocurrency playing and having fun.

Useful Links:

https://darkshieldgames.medium.com/
https://twitter.com/DarkshieldG
https://discord.com/invite/c4gj3fRNFA

Our 10 most read medical device commercialization blogs of 2021

Two new medical device commercialization blogs, one returning champion, and two new authors join our 2021 “most read” list. Electrical engineering amd regulatory articles tie for the most popular blog topics. Many thanks to our employee authors past and present for sharing their insights and experience with medical device colleagues. RoHS 2 vs RoHS 3 […]

The post Our 10 most read medical device commercialization blogs of 2021 appeared first on StarFish Medical.

Aurelius Technologies Berhad

Copyright@http://lchipo.blogspot.com/
Follow us on facebook: https://www.facebook.com/LCH-Trading-Signal-103388431222067/

Open to apply: 29/11/2021
Close to apply: 03/12/2021
Price determination date: 6/12/2021
Balloting: 07/12/2021
Listing date: 16/12/2021

Share Capital
Market Cap: RM182.847 mil
Total Shares: 358.180 mil shares
***Issue price RM1.36 (final price will finalise after institution offer completed)

Industry  CAGR (2016-2020) in Malaaysia
Semiconductors: 18.5%
Electronic transistors: -0.4%
Integrated circuits: 3.7%

Business (Revenue in 2021)
Manufacturing of semiconductor product, EMS services 
Communications and IoT products: 83.5% 
Electronic devices: 13.8%
Semiconductor components: 2.7%

Revenue by Geo (2021)
Msia: 32.6%
Americas: 46.1%
Europe: 7.5%
Asia: 13.8%

Major Customer by revenue
Customer A: 29.8%, US (Communication devices)
Customer B: 20.2%, US (Communication devices)
Customer C: 23.8%, UK (Communication IoT devices)
Customer D: 9.8%, singapore & US (telematic instrumentation devices)
Customer E: 4.9%, German subsidairy to Cus B (Comunication devices) 
Customer F: New cus for expansion, China (IoT comunication product)

Fundamental
1.Market: Main Market
2.Price: RM1.36 (final price determined 6/12/2021)
3.P/E: 32.4 (EPS: 0.042)
4.ROE(Pro Forma III): 11.79% (forecast using 3mth FPE2022)
5.ROE: 17.95%(FYE2021), 32.62%(FYE2020), 27.33%(FYE2019)
6.Cash & fixed deposit after IPO: 0.143
7.NA after IPO: RM0.54
8.Total debt to current asset after IPO: 0.62 (Debt: 170.442mil, Non-Current Asset: 102.898mil, Current asset: 271.246mil)
9.Dividend policy: PAT 20% dividend policy. 
 
Past Financial Performance (Revenue, Earning Per shares, PAT%)

2021 (7mths): RM200.038 mil (Eps: 0.0369),PAT: 6.6%
2021: RM362.165 mil (Eps: 0.0421),PAT: 4.2%
2020: RM389.305 mil (Eps: 0.0659),PAT: 6.1%
2019: RM358.171 mil (Eps: 0.0667),PAT: 6.7%

Utilisation rate%
Jan 2019: 89%
Jan 2020: 91%
Jan 2021: 94%
Aug 2021: 93%

Unbilled orders
Nov 2021 - Jan 2022: RM164.064 mil
Feb 2022 - Apr 2022: RM85.276 mil
May 2022 - Nov 2023: RM233.335 mil

After IPO Sharesholding
Lee Chong Yeow (Age76) & Loh Hoch Chiang (Age56) : 71%. 

Directors & Key Management Remuneration for FYE2022 (from gross profit 2021)
Total director remuneration: RM1.3695 mil
key management remuneration: RM1.4 mil- 1.7 mil
total (max): RM3.0695 mil or  10.2%  

Use of fund
Machinery & equipment: 38.2%
Repayment borrowing: 28.2%
Working capital: 26.9%
Listing expenses: 6.7%

Highlight
1. Currently have 11 SMT production line. Plan to expand 2 line (2022) and 2 line (2023), annual capacity will increase 198.7%.
***Automated Assembly line. 
2. Development of lithium-ion battery pack system (expectd commerce 4th quarter 2022).

Good thing is:
1. Annual capacity will increase 198.7% after 2023.
2. Sunrise industry. 

The bad things:
1. PE32 quite high but is reasonable if capacity increase double in 2 years. 
2. EMS depend on award of contract from customer.
3. Over 90% trade receivable in USD, business revenue is highly sensitive for fluation of USD. 
4. Revenue did not increase for over 3 years. 
5. Director & key management remuneration quite high from the gross profit portion. 
6. Both major director ages is quite high. 

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is a non-discount IPO. IPO PE32.4 is already price in the potential increase of the manufactury annual capacity.The future EPS will increase to reduce the PE back to normal (competitor at PE 15-25).

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.

Patent-Eligibility of Computer-Implemented Inventions – Appeals Court Says an ‘Advance in Computer Technology’ is Required

Patent-Eligibility of Computer-Implemented Inventions – Appeals Court Says an ‘Advance in Computer Technology’ is Required

Easy Money SlotsIn a unanimous decision – Commissioner of Patents v Aristocrat Technologies Australia Pty Ltd [2021] FCAFC 202 – a Full Bench of three judges (Middleton, Perram and Nicholas JJ) of the Federal Court of Australia (‘Full Court’) has reversed last year’s ruling by Justice Burley that claims directed to a so-called ‘feature game’ implemented on an electronic gaming machine (EGM) constituted a patent-eligible ‘manner of manufacture’ under Australia law.  (A ‘feature game’ is a secondary, or bonus, game triggered by the occurrence of a defined event in the ‘base’ game of spinning reels.)  As I explained at the time, Justice Burley applied a two step test, asking firstly whether ‘the claimed invention is for a mere scheme or business method of the type that is not the proper subject matter of a grant of letters patent’ and then – if this question is answered in the affirmative – ‘whether the computer-implemented method is one where invention lay in the computerisation of the method’ as opposed to ‘merely plugging an unpatentable scheme into a computer’.  He found the claims to be patentable at the first step, because they were directed to ‘a mechanism of a particular construction’, i.e. a gaming machine.

The Full Court has rejected Justice Burley’s test, with the majority (Middleton and Perram JJ) proposing an alternative two step test (at [26]) which asks firstly whether the claimed invention is ‘a computer-implemented invention’ and then – if so – ‘can the invention claimed broadly be described as an advance in computer technology’.  The majority determined that Aristocrat’s EGM, despite being claimed in terms of a combination of hardware and software components, was in substance a computer-implemented invention, and that the asserted contribution of the claimed invention ‘pertains only to the use of a computer’ and not to ‘the development or advance of computer technology’ (at [63]-[64]).  As such, they concluded that the claims were not directed to patent-eligible subject matter.

The third judge of the Full Court, Nicholas J, arrived at the same ultimate conclusion, by different reasoning.  He agreed with the majority that Justice Burley’s two step test was not the correct approach, because it failed to ‘engage with the Commissioner’s submission that the invention as described and claimed was in substance a mere scheme or set of rules for playing a game implemented using generic computer technology for its well-known and well-understood functions’ (at [135]).  However, rather than embarking upon an inquiry as to whether Aristocrat’s claims were directed to a ‘computer-implemented invention’ he simply observed that ‘the substance of the invention, as described and claimed, resides in the game program code which embodies a computer implemented scheme or set of rules for the playing of a game’ (at [138]).  He further reasoned (at [140]-[142]) that the game code does not solve any ‘technological problem’, nor does it exhibit any ‘unusual technical effect due to the way in which the computer is utilised’, and therefore that there is nothing ‘about the way in which the game code causes the EGM to operate which can be regarded as having transformed what might otherwise be regarded as purely abstract information encoded in memory into something possessing the required artificial effect.’

While the Full Court found the representative claim at issue to be unpatentable, it did not entirely foreclose the possibility that there may be patent-eligible aspects to the inventions disclosed in Aristocrat’s four innovation patents.  The case has been remitted back to Justice Burley to determine any residual issues in light of the Full Court’s judgment.

There are positive and negative aspects to this decision.  On the plus side, the approach taken by the majority brings some clarity to the approach to be taken in construing and assessing claims to computer-implemented inventions, which often comprise a physical apparatus defined in terms of (possibly conventional) hardware, configured via software for particular functionality.  On the down side, however, the majority also relied upon the existence of ‘an advance in computer technology’ to confer patent-eligibility upon a computer-implemented invention, without providing clear guidance on what, exactly, is covered by this terminology.  The decision also perpetuates an uncertainty that exists around the exact role to be played by prior art information in applying the ‘manner of manufacture’ test to assess patent-eligibility.

Read more »

Latest Intelligence

spot_img
spot_img