The Zcash Foundation has announced that the Electric Coin Company (ECC) has donated the Zcash trademark to it.
In fact, an agreement was signed between The Zerocoin Electric Coin Company LLC and Zcash Foundation (ZF) for the donation and licensing of the trademark.
According to the Foundation, the agreement provides a balance of power while maintaining interoperability with standard legal and business frameworks.
The matter had been going on for some time, as the two parties disagreed on the management of the trademark.
In July 2018, the Foundation’s Community Governance Panel voted in favour of the transfer of ownership of the trademark from Zcash to the Foundation, with 48 votes in favour and only 15 against.
At that point, negotiations began, but the Foundation did not have the legal power to impose such a decision. However, the company showed interest in the possibility of reaching an agreement.
Electric Coin Company was the sole owner of the Zcash trademark, and the Foundation proposed a dual ownership or licensing agreement so that both ECC and ZF would agree on what Zcash should be.
The conclusion of the matter went beyond this proposal, as ECC decided to donate all trademark rights to the Foundation, and now Zcash’s power dynamics are more decentralised.
By signing this agreement the matter can be said to have ended positively for ZF, so much so that the Foundation itself is ready for future collaborations with the company.