A Dublin-based blockchain company once valued at €108 million is suing an investor, alleging he has wrongly appropriated valuable intellectual property from the firm for use in a rival product. Dublin-based firm QPQ Limited claims minority shareholder Gerardus Henricus Michel Maria Schute, otherwise known as Geert Schute, copied the blockchain solution known as 1DLT to help make a competing product called Wowen with RunTime Machines, a Swiss company Schute allegedly co-founded in 2022. Schute, a Dutch national with an address in Avenida Casal Ribeiro, Lisbon, Portugal, holds a nine per cent stake in QPQ, a firm incorporated in Ireland in…
Cancel at any time. Are you already a member? Log in here.
Special Six Nations offer
Become an annual member today for €200 and receive a free copy of ‘From Rags to Riches; The Irish Men’s Team in the Professional Era’ by Feargal O’Rourke