As a business owner and entrepreneur, you spend a lot of time creating. Even when it doesn’t feel like you......
LEVERAGING TECHNOLOGY TO PROTECT INTELLECTUAL PROPERTY
Blockchains is a technology that offers a way to substantiate ownership and priority without having to rely on institutions that set their own terms. They do not require the use of middlemen like trademark offices, large banking institutions, or even notaries. As a result, they can be used as a way to register digital works, contracts, images, etc.
Most people have heard of the crypto-currency Bitcoin. It has made headlines due to its dramatically-fluctuating value. Bitcoin, and other crypto currencies, exist using the blockchain technology. However, cryptocurrencies are not the only use cases of the blockchain technology in the marketplace. Recent innovations have made it possible to actually build applications that are blockchain-based and can be utilized in an array of business sectors. For example, these applications can be utilized for a variety of transactions such as real estate agreements, oil and gas purchases, and so forth.
There are also serious implications for intellectual property rights. For intellectual property, blockchain technology is creating new opportunities for protection.
Blockchain technology utilizes innovative time-stamping schemes that enhance the security of intellectual property records and related assets. Brands can leverage this to prove ownership of intellectual property or settle challenges and disputes. Documenting every step of your brand’s IP on the blockchain is not only cost effective, but it will prove useful when dealing with clients, customers, competitors, partners, employees, and in licensing among other instances.
A multitude of blockchain applications can improve the detection of counterfeit or fake consumer goods (e.g. clothing, cell phones, watches, diamonds, etc.).
The developing applications allow a company to better track and authenticate the goods they create and sell to the open market.
Company contracts and records can be enhanced through “Smart Contracts” and related records in the event of an IP sale, transfer or assignment.
This could help improve the reliability of IP record and benefit the owners of intellectual property.
If you are the owner of intellectual property, you should know that groundbreaking innovations associated with blockchain technology, particularly within the realm of intellectual property, can help your business.
Blockchain technology has the potential to revolutionize how we protect intellectual property. When used with traditional forms of IP protection, brand owners should explore potential opportunities that blockchain may create for your brand. Our team is here to help guide you through the complex maze of technological innovations that become available while using them to your advantage. The Brand Protected® can help you protect your various forms of IP in the midst of this blockchain revolution.
Blockchain helps enterprises prove the existence of an asset at a certain point in time, verify ownership of the asset, and show how it was used. This allows companies to better protect their ideas while still allowing them to be shared with potential partners who need access to those ideas.
With blockchain technology, data will never be lost or altered by hackers or other malicious actors because it’s stored on a decentralized network with no single point of failure.
You won’t have to worry about losing your data.
Blockchain is the perfect solution for small businesses, artists, inventors, and more who need to protect their assets from being stolen or copied by competitors.
Register a work in an immutable ledger that cannot be altered without permission with ease.
Blockchain technology can help you protect any type of intellectual property, including physical goods, intangible assets such as patents or copyrights, and even currency itself, by providing an immutable ledger of ownership and provenance. It’s the perfect way to keep track of who owns what, so that it can be proven at a later date.
IP protection through blockchain offers several benefits including security, transparency and cost savings. With this system in place, all transactions are recorded publicly on the blockchain network which means anyone can verify their authenticity at any time by looking up the transaction history associated with them.
Blockchain technology is not only secure but also transparent so everyone knows who has access to what at all times.
The blockchain is the future of digital security – don’t wait around for someone else to take advantage of this opportunity before you do!
Blockchain Technology, in its simplest definition, is a secure, distributed database used to record transactions. The blockchain is a decentralized public record of all transactions that have taken place with regard to a digital item. It is so difficult to falsify or tamper with the blockchain records of a digital item of property that hardly any entity that exists, be it a superpower country or mega-corporation, has the computer power to do it.
Blockchain is currently being used in various industries such as banking, real estate, health and legal.
Registering a trademark takes time because the United States Patent and Trademark Office must verify the originality of the intellectual property the prospective trademark holder is trying to register. Meanwhile, it is risky for the inventor of the brand name, slogan, or other trademark-worthy idea to begin using it commercially before the trademark becomes official. Registering a patent takes even longer because of all the painstaking research involved on the part of the applicant and the patent examiner. After the process is finished, the patent or trademark is only valid in one country. Businesses that want to use the invention or idea in another country must repeat the process in the next country; the whole process can take years.
Because blockchain ledgers cannot be retroactively altered, they are ideal for:
Proving when a work was first created and used
Tracking subsequent use and distribution
Registering works to preserve IP rights
Managing online sales of digital works
Transmitting payments to IP owners for use
Blockchain technology can show, in real time, everyone who has interacted with a piece of intellectual property and the context in which they have interacted with it. Unlike the traditional system of registering and protecting IP, this blockchain ledger would give IP owners the ability to track and prove the full lifecycle of a work: when the work was first created, when it was used in trade, and when it was registered, when it was licensed, sold, assigned, etc.
Registering intellectual property on the Blockchain does not replace the traditional methods of registration using authoritative registries such as the USPTO or the US Copyright Office. However, as the popularity of blockchain continues to grow, more and more governmental agencies are getting involved…stay tuned.
Any proprietary asset that can be put in digital format can be protected on the Blockchain. These include: Marks for products and services, Logos, Lists, Marketing plans, Data sets, Inventions, Notes, Prototype Specs, Blueprints, Architectural drawings, Contractual Agreements, and Copyrightable work such as books, photographs, music, and many more.
Blockchain offers secure, affordable ways to protect your brand and prevent costly disputes over your intellectual property. Tell us about your Intellectual Property using this form and get the maximum protection out of the blockchain technology.
Have you noticed a decline in the public conversation about cryptocurrencies and blockchain in recent months? Wondering if the concept......
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