IPCHAIN Database, a searchable platform, is attempting to revolutionise the protection of intellectual property through the use of blockchain technology.[1]
Whether it’s a scientist, an innovator, or an artist, one of the problems they frequently face is proving that they were the creator behind a particular product and that they own the copyright to it. This is especially pertinent given the evolving digital age we live in where the misappropriation and illegal use of intellectual property can have a negative effect on the person who owns that piece of work.
IPCHAIN Database is focused on addressing these problems through its inherent security, ensuring indisputable proof of authorship by sharing information on a blockchain. As all stored information is publicly available and easily verifiable, legal experts will know that the information on the database will be sufficient to prove the author’s status as well as the date of their work in any legal proceedings. The technology will also enable the creator of a product to select, adapt, and use non-disclosure agreements (NDAs) in order to share their information safely.
“Companies or private individuals can share confidential information or work they have created by simply sending a link and having the other party sign a non-disclosure agreement prior to accessing that information, which is also uploaded to the blockchain as proof,” said Dominik Thor, CEO of IPCHAIN Database.
The proof of the signature and the time-stamped document is permanently stored on the blockchain. The transfer of intellectual property rights is also made simple via the distributed ledger through the use of sales contracts between parties. Additionally, to maintain the safety of the parties involved, the actual transfer will only take place once payment has been received enabling creators to monetise their work.
“Our partners also allow us to come up with very specific use cases that we want to show to the community. One of our advisors works in the management of Germany’s biggest game developer. They have more than 300 million users playing their games and he will help us offer game developers the chance to protect their code, in-game assets and game mechanics using IPCHAIN Database,” Thor explained.
Roadmap
With the team currently working on a prototype, IPCHAIN Database will present it to the public before its ICO with a beta version available at the time of the token sale. This will ensure that users can upload their data to the blockchain, protecting their innovation.
“A complete release of IPCHAIN Database with all functionalities described in the white paper will happen later this year,” said Thor.[2]
The platform is aiming to fulfil its goal of becoming a revolutionary tool that will protect novel inventions, works of art, and concepts.
In order to have the support and input from important stakeholders during the development and testing stage, IPCHAIN Development has partnered up with a number of leading organisations. These include WIPO
