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Why Blockchain Challenges Conventional Thinking About Intellectual Property

Why Blockchain Challenges Conventional Thinking About Intellectual Property

Why blockchain challenges conventional thinking about intellectual property Blockchain technology has turned conventional thinking about intellectual property and copyright on its head. from www.shutterstock.com, CC BY-ND Why blockchain challenges conventional thinking about intellectual property Associate Professor in Commericial Law , University of Auckland Alexandra Sims receives funding from the New Zealand Law Foundation. She is a member of the Asian Pacific Copyright Association and the Blockchain Association of New Zealand. Cryptocurrencies are getting a lot of attention, but finance is only one of many applications of the blockchain technology behind it. Blockchain technology is poised to revolutionise almost everything from supply chains (including illegal fishing and human rights abuses), insurance and health . It is flourishing in an open-source environment, which raises the question whether our current intellectual property laws are fit for purpose to foster innovation. Read more: Demystifying the blockchain: a basic user guide Intellectual property laws incentive theory Intellectual property laws, such as patents and copyright, are premised on the incentive theory . To incentivise people to create, they are given, in effect, a monopoly (with some exceptions) on their creations and can go to court and stop others from free-riding on their work. The digital world has made the tension between innovators and free riders even more acute. In the pre-digital era, copying a book incurred considerable costs for the copier. Now, given that digital files can be copied indefinitely for near zero cost, one could argue that we need even stronger IP laws to prevent rampant and unfair copying. But theory does not always match reality. History is littered with examples of Continue reading >>

Blockchain Technology And Ip

Blockchain Technology And Ip

Heralded by some as the future of financial transactions, there is no doubt that blockchain technology has the potential to shake up the world of finance. Already, financial institutions are looking to capitalise on the technology to create fast and low-cost payments for customers, investing millions of pounds in the process. However, the usefulness of blockchain technology is not limited to finance and banking. With its relatively low cost of maintenance, increased transparency, lessened administrative burden and resilience to fraud, blockchain is an attractive prospect to a whole host of different sectors and businesses. So what is blockchain, and could this disruptive technology have any application for intellectual property and its management? Put simply, blockchain (or distributed ledger) technology is a way of creating a shared database, which can record and track transactions and assets. Therefore, in theory, any database or ledger could be created and maintained using blockchain. And it does not have to solely lodge digital assets. For example, startup Everledger has used blockchain to create a database of diamonds, to ensure that they are not being used by militias to fund conflicts. Blockchain is not governed by one single user, so no centralised version of a ledger exists. Instead, it can be widely accessible to the public or to large groups (depending on permissions granted). The chain is also updated with each transaction, so users can see the chronological activity for that particular blockchain. This means that, once something is on the database, it cannot be removed. In practice, changes to the blockchain work as follows: This is broadcast to a network of computers, known as nodes The nodes use algorithms to verify the transaction 'Miners' aggregate tra Continue reading >>

Ipchain Database Incorporates Blockchain Technology With Ip Protection

Ipchain Database Incorporates Blockchain Technology With Ip Protection

IPChain Database has announcedthe launch of its token pre-sale officially set on March 24, 2018. The companys new software incorporates sophisticated blockchain technology to aid in the protection of the users intellectual property. The companyoffers high level ofprotection, allowing the safe sharing of multiple forms of intellectual property, including artistic, scientific and legal work. Being based in Gibraltar, IPChain Database sees its main goal in the protection of intellectual property (IP) leveraging the blockchain technology and its principles of decentralization. The innovative software has already received support from leading authorities and stakeholders in IP, including the worlds largest law firm handling IP protection, Dennemeyer Group. Moreover, it is proud to have gained approval from WIPO Green, a sect of WIPO, the World Intellectual Property Organization, as well as backing from leading universities and research institutions. The company recognizes the unique potential of integrating blockchain technology with IP security . In a recent article of the official WIPO Magazine, the possible improvements to modern strategies in terms of handling IP, including protecting the creations of artists and researchers, have been noted and underlined. Using theblockchain technology, the database allows all files shared to be traced back to establish the original owner of the material beyond all doubt. The innovationis very likelyto dominate IP security across all fields, becoming crucial for establishing the ownership of literature, academic research or technological innovations. What is more, IPChainopens its users access to confidential IP through uploading a non-disclosure document to the blockchain. This secures the users right of ownership to any IP shared on Continue reading >>

Blockchain Based Solutions For Intellectual Property Management

Blockchain Based Solutions For Intellectual Property Management

Blockchain based solutions for intellectual property management The Statute of Anne, also known as the Copyright Act1710 One of the most obvious applications of blockchain technology is as a registry of IP rights, to catalogue and store original works. In the UK, copyright is unregistered and comes into existence automatically on creation of an original qualifying work. This means that, unlike registered trade marks which can be recorded and viewed on various registries around the world, there is often no adequate means for authors to catalogue their works. As such, ownership can be hard to prove. It can also be difficult for authors to see who is using their work, and equally difficult for third parties using a work to know who to seek a licence from. The result of this is that authors are often unable to stop infringements or to make the most of monetising their works. Using blockchain as an IP registry may help give clarity to copyright authors, owners and users. By registering their works to a blockchain, authors could end up with tamper-proof evidence of ownership. This is because a blockchain transaction is immutable, so once a work has been registered to a blockchain, that information cannot ever be lost or changed. In theory, third parties could use the blockchain to see the complete chain of ownership of a work, including any licences, sub-licences and assignments. Source: Law firms are partnering with Blockchain platforms In Europe and most countries, the rights to the invention belong initially to the first person to file a patent application (first-to-file system). Therefore, the application date is very important in the patent process. Prior to this date, no protection is provided and unfortunately it can happen that a company is overtaken and finds access Continue reading >>

Ipchain Database Using Blockchain To Protect Intellectual Property

Ipchain Database Using Blockchain To Protect Intellectual Property

IPCHAIN Database Using Blockchain to Protect Intellectual Property Bitcoinist.net March 11, 2018 6:30 am IPCHAIN Database represents a unique use case of blockchain technology and ensures the optimal protection of intellectual property thanks to cooperation with international IP authorities and stakeholders. Protect, securely share, and sell your creative work and sensitive information with IPCHAIN Database , which is designed to address the needs of scientists, inventors, artists, and companies. The platform protects all types of intellectual property by placing a hash securely on the blockchain. IPCHAIN Database puts special emphasis on the protection of inventions and scientific findings through defensive publication and ensures that patent offices will be able to quickly access this information during their research. Also, all other types of IP such as data, text, images, music, videos, code, 3D assets, websites, or trade secrets can be protected using IPCHAIN Database. Users will be able to securely share confidential information by quickly adding non-disclosure documents to the blockchain and will also be able to use the IPCHAIN Database marketplace to sell or buy intellectual property. IPCHAIN Database is fully dedicated to the protection of the works of innovators and does so in collaboration with patent offices and leading IP experts. The uniqueness and significance of the platform can be easily demonstrated using the example of a scientist who publishes a defensive publication via IPCHAIN Database . The aim of such a publication is to prevent others from filing a patent for his idea (as novelty is a prerequisite for patent applications). This requires not only the safe storage of data, but the patent offices need to be able to find that data during their prio Continue reading >>

Bernstein - Blockchain For Intellectual Property

Bernstein - Blockchain For Intellectual Property

A simple web application with powerful features. To get a blockchain certificate for any document or a collection of documents, just upload it. Bernstein will craft a special blockchain transaction that contains both a cryptographic fingerprint of your IP assets and a proof of your ownership.This transaction is the root of the blockchain certificate issued by Bernstein. The Bernstein registration protocol will chain together all certificates related to the same project, therefore allowing users to create a digital trail of records proving the evolution of the project. Each certificate can be independently verified by any third party without any involvement of Bernstein, thanks to the decentralized design of Bernstein registration protocol. Please note: getting a certificate for a document does not make it public, since the blockchain will only contain the cryptographic fingerprint of the document. Thanks to Bernsteins unique zero-knowledge architecture, users will be able to generate certificates for their digital assets without disclosing data to any third party, not even to Bernstein itself! All information and documents submitted by a user will be locally encrypted, right in the browser, before reaching the Bernstein server. And, of course, the encryption key is known only by the user and it never gets sent to the server. Therefore Bernstein is a new kind of notary service that completely ignores the digital assets it certifies. The Bernstein team has a unique experience in browser cryptography, dating back to 2007. Today Bernstein uses the most advanced Web Crypto API and proven cryptographic primitives and protocols. In order to validate a blockchain certificate (as any other digital certificate) the certified documents in their exact original format are needed. N Continue reading >>

The Truth About Blockchain

The Truth About Blockchain

Contracts, transactions, and records of them provide critical structure in our economic system, but they havent kept up with the worlds digital transformation. Theyre like rush-hour gridlock trapping a Formula 1 race car. Blockchain promises to solve this problem. The technology behind bitcoin, blockchain is an open, distributed ledger that records transactions safely, permanently, and very efficiently. For instance, while the transfer of a share of stock can now take up to a week, with blockchain it could happen in seconds. Blockchain could slash the cost of transactions and eliminate intermediaries like lawyers and bankers, and that could transform the economy. But, like the adoption of more internet technologies, blockchains adoption will require broad coordination and will take years. In this article the authors describe the path that blockchain is likely to follow and explain how firms should think about investments in it. Weve all heard that blockchain will revolutionize business, but its going to take a lot longer than many people claim. Like TCP/IP (on which the internet was built), blockchain is a foundational technology that will require broad coordination. The level of complexitytechnological, regulatory, and socialwill be unprecedented. The adoption of TCP/IP suggests blockchain will follow a fairly predictable path. While the journey will take years, its not too early for businesses to start planning. Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries. They establish and verify identities and chronicle events. They govern interactions among nations, organizations, communities, and individuals. They guide managerial and social Continue reading >>

Blockchain, Ip And The Fashion Industry

Blockchain, Ip And The Fashion Industry

Please enter your email address Please enter a valid email Please enter a maximum of 5 recipients. Use ; to separate more than one email address. Please enter an email address Please enter valid email addresses How could blockchain help fashion and other IP-intensive industries? Ruth Burstall and Birgit Clark investigate its potential use in registration, tracking, enforcement and payment Blockchain rose to fame as the technology underpinning the cryptocurrency Bitcoin. Broadly defined as open ledger of information which is distributed and verified across a peer-to-peer online network, it provides an irreversible, secure and time-stamped record. Blockchain is already in use in fashion marketing and consumer engagement and while there are hurdles to large scale legal application (such as questions of governing laws and jurisdictions, data security and privacy concerns), in the context of fashion and other IP-heavy industries, blockchain could be used for many purposes. These include: registering and clearing IP rights; controlling and tracking the distribution of (un-)registered IP; providing evidence of use; establishing and enforcing IP agreements, licences and exclusive distribution networks through smart contracts; and transmitting payments in real-time to IP owners. Blockchain may also be used for authentication and provenance purposes such as the detection and/or retrieval of counterfeits, stolen and parallel imported goods. You are most likely to have heard of blockchain in the context of cryptocurrency (Bitcoin or Qubitcoin, Litecoin, Numerai among others), fintech or the insurance world. However, multiple industries are now exploring possible applications for blockchain technology. Emerging technologies and trends hint at how blockchain may be used for a variet Continue reading >>

Blockchain And Ip Law: A Match Made In Crypto Heaven?

Blockchain And Ip Law: A Match Made In Crypto Heaven?

Blockchain and IP law: a match made in crypto heaven? By Birgit Clark, Baker McKenzie, London, United Kingdom Blockchain and related distributed ledger technologies have been a hot topic recently, with multiple industries exploring their possibilities and new blockchain use cases emerging almost every day. But how might these technologies be used in the context of intellectual property (IP) law and practice? Blockchain and related distributed ledger technologies are a hot topic, with new use cases emerging almost every day (photo: Rick_Jo / iStock / Getty Images Plus). Blockchain technology has become famous as the technology behind cryptocurrencies such as Bitcoin and Ethereum. In its basic form it is an open ledger of information that can be used to record and track transactions, and which is exchanged and verified on a peer-to-peer network. Blockchain and other distributed ledger technologies create a trustworthy and transparent record by allowing multiple parties to a transaction to verify what will be entered onto a ledger in advance without any single party having the ability to change any ledger entries later on. Each transaction or block is transmitted to all the participants in the network and must be verified by each participant node solving a complex mathematical puzzle. Once the block is verified, it is added to the ledger or chain. From the perspective of information, the real innovation of distributed ledger technology is that it ensures the integrity of the ledger by crowdsourcing oversight and removes the need for a central authority. In other words, transactions are verified and validated by the multiple computers that host the blockchain. For this reason it is seen as near unhackable, because to change any of the information on it, a cyber-attack woul Continue reading >>

Huawei Seeks Patent For Blockchain Rights Management

Huawei Seeks Patent For Blockchain Rights Management

Huawei Seeks Patent for Blockchain Rights Management Mar 7, 2018 at 12:00 UTC|UpdatedMar 7, 2018 at 12:31 UTC Chinese telecoms giant and smartphone maker Huawei may be seeking to use blockchain tech to protect digital property rights. In its latest patent application, released by China's State Intellectual Property Office on Tuesday, the Shenzhen-based technology firm details an invention that claims to add a verification feature to a peer-to-peer content distribution network powered by blockchain technology. According to the filing, first submitted in August 2016, the system would store verification information for digital content on a blockchain. When parties initiate download requests over the peer-to-peer network, the system matches their private keys or licenses for accessing the content with the verification information. Only if a consensus is reached in validating the request will the blockchain allow the download, the patent filing says. Huawei claims that the technology is, in essence, a way to guard intellectual property rights for digital content that is distributed over peer-to-peer networks. Although it remains to be seen whether the application will be granted by the patent office, the filing marks a further effort by Huawei in moving to develop and adopt blockchain technology. The company joined the Hyperledger blockchain consortium in October 2016, months after its patent submission. As reported by CoinDesk in January this year, the telecommunications firm is also among the early adopters of Hyperledger's Sawtooth software, for which the firm is currently developing a decompiler. Huawei intellectual property patent by CoinDesk on Scribd The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abid Continue reading >>

How Blockchain Technology Can Be Used To Protect Intellectual Property

How Blockchain Technology Can Be Used To Protect Intellectual Property

How blockchain technology can be used to protect intellectual property If you write, design or create any media that is protected by Intellectual Property (IP) law, youre probably aware of how easy it is for your content to be stolen online. And if chasing down thieves isnt hard enough, enforcing your legal rights as the owner of the content depends on demonstrating that you are the owner. While copyright law protects your work, until now there hasnt been a definitive registration system to prove ownership. But luckily, this is changing with blockchain. Blockchain is the system that makes Bitcoin work. But more importantly, it is giving creative people effective ways to protect their IP rights like never before. Intellectual property in the age of online Intellectual work is just as hard as physical work. By Daria V. When you create just about anythingbe it a song that is recorded, a piece of writing, a photographyou own it. At least, that is what the letter of the law says. But when it is your word against someone elses (say a thiefs), the lack of any official document or timestamp proving which version of the work came first makes copyright little more than a vanity. If you were an inventor, you could go to the patent office for protection, but as a creative, there is no designated way for you to legitimize your ownership of your work prior to its publication. And with the advent of the internet, the challenges associated with copyright protection have become larger. Now there is a gigantic repository of data online, and sifting through it by yourself just isnt possible. These days, just about anyone can download your work for personal use without your knowledge or consent. That beautiful illustration you spent weeks crafting? Its probably ended up as some anonymous Continue reading >>

Protecting Ip In The Blockchain Sector

Protecting Ip In The Blockchain Sector

Blockchain technology has already disrupted the financial sector and new blockchain use cases are emerging every day from corruption-proof land registries to licensing digital assets, to tracking individual diamonds. In fact, there are many who say that blockchain technology has the potential to be as disruptive as the Internet. A blockchain is a secure public ledger of digital financial transactions. Its the technology that underlies bitcoin and is known for its tamper-proof ability to verify high volumes of digital transactions. TechTarget explains how it works: When a transaction is made, it is packaged up with other transactions into a block and recorded across a network of computers, a majority of which are required to confirm the transaction in order for it to be accepted as legitimate a process referred to as achieving consensus. The block is then time-stamped with a cryptographic hash. Each block also contains a reference to the previous blocks hash, creating a chain of records that is considered impossible to falsify. This highly dispersed, highly secure method for recording transactions is proving to be much faster and much safer than the traditional hub and spoke architectures used today to reconcile and approve transactions. Entrepreneurs in nearly every industry, from banking and stock trading to academia and music, are now preparing to harness the power of blockchain. As such, the number of people and companies filing for patents on blockchain-related technology has been steadily increasing each year, said Nelson M. Rosario, Associate at Marshall Gerstein & Borun LLP, in a recent Law360 Expert Analysis . As of March, Rosario said 879 patent applications have been filed with the USPTO that contain the words bitcoin, blockchain or distributed ledger. Of the Continue reading >>

Unlocking The Blockchain: Using Intellectual Property Rights To Protect Distributed Ledger Technology - Chapter 3

Unlocking The Blockchain: Using Intellectual Property Rights To Protect Distributed Ledger Technology - Chapter 3

Unlocking the blockchain: Using intellectual property rights to protect distributed ledger technology - Chapter 3 | Global law firm | Norton Rose Fulbright Unlocking the blockchain: Using intellectual property rights to protect distributed ledger technology - Chapter 3 Our global blockchain team has published a global legal and regulatory guide titled Unlocking the blockchain. Interest in blockchain technologies has grown dramatically over the last twelve months. This has triggered growth in investment in businesses operating in this area and marked engagement from all industry sectors (and financial institutions in particular) in blockchain technologies and their disruptive potential. Such engagement has led to the development of increasingly sophisticated proof-of-concept use cases and notable live deployments. In view of these developments, we have produced a new global legal and regulatory guide to blockchain technologies in which we explore the regulatory considerations and a range of other legal issues that should be taken into account with any proposed deployment. The guide will be published in a series of chapters, with the first one covering an introduction to blockchain technologies that we invite you to read. Chapter 3: Using intellectual property rights to protect distributed ledger technology A significant amount of attention is being paid to the disruptive potential of distributed ledger technology (DLT) and many businesses are making huge investments in DLT-enabled products and/or services. Whilst a significant amount of time is now being spent by businesses on analyzing the various legal and regulatory issues impacting upon the DLT space, many businesses have not yet considered strategies as to whether to (and how to): Protect their investment in the te Continue reading >>

Blockchain Technology Expected To Strongly Impact The Ip Industry

Blockchain Technology Expected To Strongly Impact The Ip Industry

Blockchain Technology Expected to Strongly Impact the IP Industry During the past few years, a new technology blockchain has developed, which is expected to replace many current digital platforms. Since digital distribution is at the core of almost every service today, the technology is also expected to deeply affect our society, and therefore it has been called the biggest revolution since the internet. The IP-industry will also be affected and there will be a need to address many issues relating to the adoption of blockchain technology. The blockchain technology concept was first presented by Satoshi Nakamoto in 2008 and was used by Nakamoto to create the digital currency Bitcoin. Satoshi Nakamoto is an alias for the still unknown inventor, who claims that anonymity is necessary in order to protect both himself and the technology from authorities and industry-protecting organizations once the technology really starts to affect financial systems and other areas of society. Today, Bitcoin is thriving, with a current market cap of over 70 billion USD and its value has risen about 600 percent on a year-over-year-basis, so that the price of one Bitcoin (BTC) today is around 4000 USD. Additional blockchain-based so called cryptocurrencies are being constantly issued, such as Litecoin, Dash and Zcash, of which many have reached an impressive market cap. These currencies are also gaining acceptance as payment by serious market actors such as Amazon and Hotels.com. The blockchain technology, however, supports much more than cryptocurrencies. With the launch of the Ethereum platform and the related token Ether (ETH) in 2015, it is possible to build blockchain-based applications for use within practically any sector. These are used to record any transaction of value through sma Continue reading >>

Digital Transformation: Managing Ip Rights Through The Blockchain

Digital Transformation: Managing Ip Rights Through The Blockchain

Digital Transformation: Managing IP rights through the blockchain Blockchain technology is the most prominent distributed ledger technology and one of the key emerging trends in recent years. In its basic form, it is an open ledger that is maintained simultaneously across a network of computers and contains information on the complete chain of transactions performed by its members. Blockchain based technologies enable new business models based on direct peer-to-peer exchanges without the need for centralised platforms or intermediaries. The technology behind the cryptocurrency Bitcoin , the platform Ethereum and other cryptocurrencies has paved the way towards smart contracts and related applications: A Smart contract a computer code with predefined terms that can certify and facilitate a transaction and thereby allow a legal contract to self-perform promises to reduce transactional costs and dependence on the parties performance. A smart contract is verifiable and traceable through the blockchain and executed automatically, without the need for intermediaries or third party validation. Given the broad range of possible application for smart contracts e.g. for insurance policies, supply chain and logistics services, entertainment industry, this technology promises to revolutionize the way business is conducted across industry sectors. This has sparked interest not only from private enterprises, but also by governmental organisations trying to explore potential use scenarios for distributed ledger technology. Just recently, the EU Commission, together with the EU parliament, launched an EU Blockchain Observatory and Forum , with the goal of mapping relevant blockchain initiatives, sharing experiences and pooling relevant expertise. In its press release , the management Continue reading >>

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