Touted as the most advanced technology of the following decade, blockchain is rapidly moving past cryptocurrencies into some real-world applications that have an enormous incentive for the Fintech world. As we’ve seen, blockchain is being expanding its capabilities as a secure, anonymous, and decentralized technology into several industries.

Fintech industry is disrupting numerous markets. Yet, blockchain remains one of the most buzzed terms for the industry. There have been many early applications of blockchain technology in fintech, but how can blockchain improve the protection of intellectual property (IP)?

Blockchain Based IP Protection

One of the most obvious applications of blockchain technology is as a registry of IP rights, to catalogue and register unique innovations/ideas/patents.

Registered patents which can be recorded and seen on different registries around the globe, there is frequently no sufficient means for innovators to index their works.

Thusly, ownership can be difficult to demonstrate. It can likewise be troublesome for a innovator to discover the already enrolled patents and shield his invention from being stolen and similarly troublesome for third parties using a work to know who to seek a licence from. The consequence of this is Innovators are frequently unable to stop encroachments or to make the most on monetising their works.

Utilizing blockchain as an IP registry may help offer clearity to copyright innovators, proprietors and clients. By enrolling their Ideas to a blockchain, creators could

wind up with tamper-proof evidence of ownership. This is because a blockchain transaction is permanent, so once a work has been enlisted to a blockchain, that data can’t ever be lost or changed. In principle, outsiders could utilize the blockchain to see the entire chain of ownership, including any patents, sub-licenses and assignments.

Blockchain and IP protection platform

Kakushin Ecosystem, is a Australian based company offering blockchain based solutions for intellectual property management. Kakushin allows innovators to search and register for any patent on Kakushin’s IPR, Kakushin has greatly reduced the difficulty that innovators face in establishing basic copyright protection for their innovations and for reducing the ill-effects of copyright violations.

Kakushin’s blockchain based incubator is powered by a community driven blockchain approach. The all encompassing ecosystem touches all the participants in the entire innovation lifecycle. Kakushin Incubation and Nursing Centre takes a 360º approach to ICOs, from disseminating knowledge, facilitating investments, launching ICOs to providing the ability to track existing ICOs in innovative and eco friendly ideas and products. Kakushin’s approach is essentially centered around efficient market validation and risk mitigation. The integrated exchange, which accepts the Kakushin Token (KKN) allows investors, buyers and inventors to access the entire innovation ecosystem.

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