Learning about the intellectual property trading platform based on blockchain

Learning about the intellectual property trading platform based on blockchain

Short answer questions

What problem is it trying to solve?

It is trying to solve the problem of inefficiency in the intellectual property trading market. At present, there is a lack of effective docking platform between buyers and sellers of intellectual property, which leads to cumbersome transaction processes and low transaction success rates. It aims to use blockchain technology to build a decentralized intellectual property trading platform to simplify the transaction process and improve transaction efficiency.

In the proposed system, what information needs to be verified?

The information that needs to be verified includes: intellectual property information, such as patent number, application number, inventor, etc., as well as the identity information of buyers and sellers. The verification method includes reference to the intellectual property database and identity management system.

What role does the "Smart IP Contract" play in?

The "Smart IP Contract" is the core of the system. It is a smart contract stored on the blockchain to manage the entire process of intellectual property transactions. It includes transaction rules, custody mechanisms, dispute resolution mechanisms, etc., and automatically executes contract terms to ensure safe and transparent transactions.

Please briefly describe the process of buyers participating in transactions in.

The buyer first needs to register an account in the system, provide identity information and verify it. After registration, the buyer can browse the intellectual property information on the platform and bid for the intellectual property rights of interest. After the bid is successful, the buyer needs to deposit the bid amount into the escrow account of the smart contract and wait for the transaction to be completed.

How to ensure the smooth transfer of IP ownership?

Use an IP database (such as the USPTO database) to track ownership changes. When the seller transfers the IP ownership to the buyer, the smart contract automatically queries the database to verify the ownership change information.

If a dispute arises between the two parties during the transaction, how to resolve it?

Smart contracts include a dispute resolution mechanism that allows the two parties to initiate arbitration proceedings. The arbitration is performed by a third-party institution, and the arbitration result is binding on both parties and will be automatically executed by the smart contract.

What forms can the "Intellectual Property Database" take in?

The "Intellectual Property Database" can be in the form of a blockchain, a distributed ledger, a peer-to-peer network (such as IPFS), a traditional database, a cloud database, or a USPTO database.

What is the role of the "IP Library Smart Contract" mentioned in?

The "IP Contract Library" is used to create and manage multiple smart contracts related to the same IP. Each smart contract can be customized for different transaction conditions, such as geographical scope, licensing rights, transfer rights, price, etc.

What are the advantages of the proposed system compared with traditional intellectual property transaction methods?

Compared with traditional methods, the system has the following advantages: improve transaction efficiency, reduce transaction costs, enhance transaction transparency, reduce disputes, and simplify transaction processes.

What are the potential application scenarios of the proposed system in the future?

The system can be applied to various intellectual property transaction scenarios in the future, such as patents, trademarks, copyrights, etc. In addition, the system can also be used to build an intellectual property pool to enhance the value of intellectual property and the ability to defend against litigation.

Glossary

Term Definition Blockchain A decentralized distributed database used to record transaction data and ensure data security and transparency. Smart Contract A self-executing contract stored on the blockchain. The contract terms are written in code. Once the preset conditions are met, the contract will be automatically executed. Smart IP Contract A smart contract specifically used to manage intellectual property transactions. Intellectual Property Database A database that stores intellectual property information, such as patent numbers, application numbers, inventors, etc. Identity Management System A system used to verify user identities, such as uPort, Keybase, etc. Escrow A third-party fund escrow mechanism used to ensure the security of funds of both parties during the transaction process. Arbitration (Mediation) A mechanism for resolving disputes by a third party, and the arbitration results are binding on both parties to the dispute. IP Library (IP Library Smart Contract) A smart contract used to create and manage multiple smart contracts related to the same intellectual property. Bidding (Bidding) The process of buyers bidding for intellectual property. Transaction Completion Event (Transaction Resolution Event) An event that triggers the smart contract to perform the next step, such as ownership change, transaction cancellation, arbitration results, etc.