The network allows you to quickly consolidate and conveniently manage rights and ensure the payment of fair remuneration. It guarantees transparency, security and incredible speed of interaction for market participants. The network creates a unique digital space of trust.
The institute of intellectual property (IP) is at the core of the modern global economy. The emergence of new products of intellectual, creative activity, and their legal protection precedes the production of goods and the creation of new services. The share of the intangible component of these products' cost has already reached eighty or more percent. With the development of technology, intellectual property is taking on a new dimension and significance.
The basis of intellectual property is the right of an author, an inventor, or creator to use the results of his/her creative activity. The availability of high-speed digital communication networks, the ability to obtain and use anything anywhere in the world — from listening to music and watching a movie to the production of furniture, clothes, and even a car - does not allow the author to control the turnover from the result of original creative activities. It is increasingly difficult for a traditional patent institution to cope with the exponentially growing complexity of IP products and assets. Ordinary contracts hardly make it possible to regulate relationships in diverse chains of transactions and models that use IP products, which is becoming increasingly frequent in the growing modern digital landscape.
A New Dimension of Intellectual Property
In the conditions of the modern global economy, the emergence of new products of intellectual and creative activity, and their legal protection precede the production and movement of goods, the provision of services. Works of authorship are themselves considered as goods. Over the past decade, more than 1 billion patented IP items have been put into circulation, and the number of copyrights in circulation, exceeds this number by several orders of magnitude. In value terms, the intellectual property market is growing at more than 10% per year, which exceeds the growth rate of "material" markets.
The dynamics of growth and competitiveness of national economies directly depend on what products of intellectual activity are involved in the market and what their cost is. Even more importantly, the quality of life and the possibility of self-realization of each person, no matter where in the world that person is, directly depends on the volume and extent of use of intellectual property products and the speed of turnover of the rights to them in the country of residence of that person.
Technology Born of Law, Destroy Law
All technology, which generates and fuels modern progress, — from global high-speed data transmission systems to "digital production", "personalized" drugs, and new food products — appeared thanks to the institute of intellectual property law, which originated in the 16th century.
However, technologies, a product of intellectual law, are starting to challenge the very institution which fathered it. The institute of intellectual property is on the verge of a global transformation. The availability of global networks and digital technologies, primarily technologies of additive and individualized production, break the accepted constructs of law, making it difficult and sometimes impossible to constitutionally protect products that are the results of creative activities.
However, the main question is whether intellectual rights will survive in the digital age?
The answer to this question is yes.
Despite the challenges to the institution of intellectual law posed by the new, digital reality, if this institution is weakened or entirely lost, we will undoubtedly lose incentives for the development of individuality, the economy, and society as a whole.
Technologies Born of Law, Develop Law
What should intellectual property law look like in the digital age? The answer to this question is given by the technologies themselves. They not only destroy traditional models but also create fundamentally new opportunities for the development of the intellectual property sphere.
Today, a full arsenal of necessary technical solutions has been formed: algorithms for Machine Learning and Artificial Intelligence are available, the scope of using distributed ledgers is expanding, and finally, transactions are already being concluded using “smart contracts”. This is quite enough for the implementation of legislative norms, which are the foundation of intellectual property in a new, digital reality.
The opportunities are there. Instead of trying to prohibit "pirated" material and rightsholders from spending a lot of money to bring to justice infringers of their intellectual property rights, legal digital repositories of various intellectual property items will appear, access to which will be provided through smart contracts. Any author and copyright holder, not being a specialist in the field of jurisprudence, will be able to effectively manage his/her intellectual property, to change and apply for a variety of licensing conditions, see the real volumes and chains of use, process, and create new IP items. At the same time, distributed ledger technologies guarantee the reliability of information. It is equally important that consumers of intellectual products will be able to see, with the help of digital technologies, everything that concerns the history of an IP item — from its creation to use, information about any disputes and conflict resolutions associated with that item, and various expertise documents that guarantee the novelty and practical value of the IP item.
As a complex mechanism of social relations that ensures competition, communication, and cooperation between people and companies, the institution of intellectual law is an area where digital technologies can be the most beneficial for improving efficiency.
Network of Transactions with IP Items and Rights
The IPChain decentralized network (distributed registry), which records transactions with IP items and rights, was created to use the most modern technical solutions for the development and effective implementation of the institution of intellectual property.
The IPChain network's information about rights and intellectual property items, as well as atomic transactions, are the most significant types of public information records that reflect key transaction instances for all participants in the IP market.
Most importantly, services built using the IPChain network have “smart contracts” integrated into their ecosystem, which allows its users to form and execute sets of atomic transactions with IP items and rights.
|Type of Transaction||Color||Transaction describes|
|Creazione||C||the creation of a new item, how it was created, and the items used|
|Accesso||A||the item's mode of accessibility, the item's owner|
|Valore||V||the emergence of the value of the item, information about its valuation or use in financial statements|
|Konflitto||O||the occurrence of a dispute (conflict) or its resolution|
|Transazione||T||the beginning or completion of a transaction with rights|
The Digital Space of Trust - Incredible Networking Opportunities
The decentralized IPChain network creates unique opportunities for the implementation of intellectual rights, fully meeting the challenges of the digital age.
For authors, the network offers the possibility of quick consolidation of IP items and rights and if the result of intellectual activity is oriented toward industrial application, IPChain offers expertise examination in professional organizations and resources for obtaining a patent.
For scientific and educational organizations, IPChain offers the freedom to involve the results of their intellectual activities in both, non-commercial circulation for scientific and educational purposes, and in commercial circulation, helping to effectively build a system of rights management and form effective mechanisms for paying fair remuneration.
For institutions of innovative development, IPChain can help create new products and services for the management of intellectual property on a common digital platform, simplify interactions with the government when submitting results, registering rights, or pre-trial and judicial settlement of disputes.
For collective management organizations, IPChain ensures transparency of the use of IP items for rightsholders and offers the free exchange of information between IP item registries and data on their use.
The decentralized IPChain network forms a single digital space of trust that allows all network participants to have up-to-date information about IP items, track the evolution of their legal protection and chains of transactions, regardless of the way in which the items were licensed and the complexity of such chains.
The network provides previously unattainable guarantees and significantly reduces the risks in transactions due to the openness of information about disputes and conflicts, both settled and in the process of settlement.
The network is a platform for the development of a variety of services in the field of intellectual property and makes the service market transparent. Information to draw conclusions about the quality of services, from filing patents to resolving conflicts, can be obtained from the network inspector node.
Finally, the IPChain decentralized network and the repository network make it possible to store and put into circulation IP items of a very different nature, including those created using Artificial Intelligence.
At the same time, all operations and development opportunities provided by the IPChain decentralized transaction network fully comply with the norms of national law, international treaties, and agreements, thus providing the possibility of their implementation in the digital environment.