For today intellectual property (IP) is becoming the core of the modern global economy. For many years, legal protection of IP rights has been an important prerequisite for the development of advanced goods and services. In the majority of the products that sustain our high living standards, the intangible portion has already reached 80 percent or more. Fast-paced technological development means that the intellectual property institute has become even more important.
The right of the author or inventor to use the results of their creative activities forms the basis of the intellectual property institute. But the availability of high-speed data networks makes it easy for anyone to obtain and use any IP object in any place of the world. For example, an individual can listen to music or watch a movie, or a company can make furniture, apparel, or even cars without paying anything to the respective IP rights holder. So authors or inventors may have a hard time trying to control the use of the results of their work. Patent offices find it increasingly difficult to handle the exponentially growing complexity of patents, and conventional contracts tend to get very complicated when regulating relationships with all kinds of IP transaction chains and IP usage models.
But digital technologies that create problems for the intellectual property system can also provide new opportunities. Law-born technologies can help the law evolve! Digital modeling and designing technologies, distributed registers, and smart contracts come in handy ready to develop an IP products and services market in a very close future.
The IPCHAIN decentralized transaction network has been created to facilitate transactions with IP rights and objects. Based on leading-edge technologies, it can quickly handle the most important IP issues.
IPCHAIN makes it easy to manage IP rights, provides infrustructure aimed to guarantee that each rights holder will get a fair compensation, ensures fully transparent, secure, and blazing-fast transactions. As a result, it creates a unique digital trust-space where all participants can realy believe each other.
Intellectual Property on a Bigger Scale
In the modern global economy legal protection of IP rights is an important prerequisite for the development of more advanced goods and services. IP objects have already become a commodity. More than 1 billion patented IP objects have been put into circulation in the last decade only, and trillions of IP objects are protected by copyright law. In monetary terms, the IP market is growing 10 percent a year, which is faster than most tangible product markets.
The growth dynamics and competitiveness of national economies directly depend on the wide use of intellectual property objects and their cost. What's even more important is that both the living standards and personal growth opportunities in any country directly depend on IP object usage intensity and IP rights turnover rate.
If used wisely, the intellectual property institution can be a unique tool for personal growth. Due to it, gifted individuals can get recognition, become famous, make money, and share their knowledge and skills with other creative people.
Law-Born Technologies Undermine the Law
Due to the intellectual property institution that dates back to the 16th century, we can enjoy the technologies that make things better, from global high-speed data networks to digital manufacturing, personalized medicine, and new food products that would otherwise require many centuries of natural evolution to appear.
But now the law-born technologies challenge the law itself! Intellectual property is on the verge of a global transformation. Global data networks and digital technologies, such as additive manufacturing and mass customization, undermine the traditional legal concepts, making it difficult and sometimes impossible to protect IP rights in case of innovative products.
The circulation of intellectual property objects is no longer connected to the circulation of corresponding IP rights. IP objects are routinely accessed via data networks and used to create new goods and services, oftentimes without signing any contracts with the rights holders.
More and more radically new methods for digital description of technological solutions appear. Such methods can be used not only to store or transfer technological information, but also to set up and launch a manufacturing process. The problem is that you need to describe such technologies in a “special” way to ensure their legal protection. But it adds an extra burden to the rights holders. Moreover, they miss a lot of opportunities, because such “special” descriptions make it more difficult to use the IP objects. Besides, such descriptions cannot be automatically recognized and compared by artificial intelligence systems.
When IP objects are created in a comprehensive, multi-disciplinary research project, it may be difficult for experts to assess their novelty and industrial applicability. As more and more complex data needs to be analyzed, the traditional centralized approach to novelty assessment cannot guarantee the uniqueness and value of each IP object.
In the past, the most advanced IP objects were created by gifted individuals, but now the easy availability of massive amounts of information, created by other authors, has become very important, too. The boundaries between individual and collective authorship are quickly eroding. Now its easier to modify existing IP objects, but harder to measure each individual’s contribution. As a result, the judicial system has to handle many more disputes related to intellectual property.
All of these things raise a lot of questions: Do we need to patent inventions or other IP objects? What is going to happen to the patent system? Do we need to provide a monopoly to the authors? For which purposes can we use IP objects without obtaining the rights holder’s consent?
And the main question: Will the IP law survive in the digital age? The answer is, yes, it will!
Though the new, digital reality already challenges the concept of intellectual property, we believe that an abolishment or weakening of that concept will rob us of many incentives for personal growth, economic development, and social evolution.
Law-Born Technologies Make the Law Evolve
What kind of intellectual property law do we need in the digital age? The modern technologies themselves can answer that question! While they undermine the traditional models, they can also create fundamentally new opportunities to help us evolve the concept of intellectual property.
We already have all the necessary technologies, such as machine learning algorithms and artificial intelligence systems. Distributed registers are used in more and more areas, and smart contracts make it easier to effect deals. That’s more than enough to implement a new IP law for the new, digital reality.
All we need to do is recognize the new opportunities! Governmental authorities all over the world used to crack down on “pirate” websites, and rights holders spent a lot of money hunting for IP violators and trying to hold them accountable. But if we change our approach to the problem, legitimate digital repositories for all kinds of IP objects will appear everywhere, and smart contracts will be used to provide access to such objects. Any authors or rights holders, even those who don’t have any special legal training, will effectively manage their intellectual property: modify and apply all kinds of licensing terms, view the actual volumes of IP object usage, retrace the usage chains, and reprocess the existing IP objects to create new ones. The existing distributed register technologies guarantee that the authors and rights holders can rely on such information. It is equally important that digital technologies allow the consumers to easily retrace the entire history of any IP object, from its creation to use, and view information on any emerging disputes and their settlement, as well as view the assessments of novelty and practical usefulness of each IP object.
Over many years, a complex legal system that ensures competition, communication, and collaboration among individuals and companies has been built upon the intellectual property institution. We believe it’s an area that will be transformed by digital technologies to help our society achieve tremendous effectiveness.
Transaction Network for Intellectual Property Rights and Objects
IPCHAIN is a decentralized network (distributed register) that automatically records all transactions related to IP rights and objects. Created to facilitate the development and usage of leading-edge technological solutions, it ensures the evolution of the intellectual property institution for the general good.
IPCHAIN stores information on rights and objects of intellectual property, as well as atomic transactions, which are recorded by the distributed IPCHAIN registry, that are the most significant for all participants in the IP sphere and reflecting key facts types of public information records.
|Transaction type||Color||Transaction informs about...|
|Creazione||creating a new IP object, the method of its creation, and the IP objects used|
|Accesso||the IP object access mode and the IP object’s owner|
|Garanzia||performance of actions that add extra legal guarantees when using IP objects, such as different kinds of mandatory or voluntary expert assessment|
|Valore||occurrence or settlement of a dispute (conflict)|
|kOnflitto||occurrence of the value of the object, information on its valuation or use in the financial statements|
|Transazione||commencement or completion of a deal (contract) with IP rights|
The most important thing is that smart contracts are generated and executed in the IPCHAIN network. They use or generate atomic transaction sets.
Digital Trust-Space: IPCHAIN Creates Incredible Opportunities
The IPCHAIN decentralized network creates unique opportunities for rights holders, allowing them to exercise their rights more effectively. It provides a solution that fully meets the challenges of the digital age.
Authors and inventors can quickly claim their priority rights. If the intellectual property is intended for industrial use, expert assessment can be performed in professional organizations in order to acquire a patent.
Scientific or educational institutions can put their IP objects into non-commercial circulation for scientific and educational purposes, or into commercial circulation. IPCHAIN makes it easier to build an effective IP rights management system, so that each rights holder gets a fair compensation.
Innovative development centers can create new products and services for IP management based on the IPCHAIN unified digital platform to simplify their government affairs when accounting for the results achieved or registering IP rights, as well as in case of a pre-trial or judicial settlement of disputes.
Societies for collective management of IP rights can ensure full transparency when IP objects are used and free exchange of information between the registers storing information on IP objects and their usage.
IPCHAIN creates a digital trust-space where all participants can trust each other. They can easily access up-to-date information about any IP objects created and retrace the steps of legal protection of such objects and all transaction chains regardless of object licensing mode and chain complexity.
IPCHAIN provides rock-solid guarantees to its participants. It significantly reduces the risks when they do transactions in IP objects by allowing the participants to easily access information about any outstanding or settled disputes related to such objects.
Many different services related to intellectual property can be developed using IPCHAIN as a technological platform, which will add more transparency to the IP market. IPCHAIN participants can check the quality of services, from patent application to dispute settlement, using the information provided by the inspector node.
The IPCHAIN decentralized network and its repositories allow the participants to store or put into circulation all kinds of IP objects, including those created with the assistance of artificial intelligence.
Last but not least, all the transactions supported by and all the opportunities for development provided by IPCHAIN fully comply with the laws of the Russian Federation and with international treaties and agreements, so legal regulations can be accurately implemented in the digital domain.