They can mutually agree to trade licenses for acquired patents, and ease of dealing in the IPs can reduce the cost of acquiring them substantially. This can reduce bottlenecks in product development, resulting in faster time-to-market.
Additionally, the stakeholders across the value-chain can agree to stop filing patents for abstract ideas, at the early stages of development. Instead they can focus on developing the ideas with relevant applications in verticals, and seek protection for applications in specific usage scenarios, once the idea is development for implementation.
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