Blockchain Based Intellectual Property Management

6 Pages Posted: 31 Mar 2021

See all articles by Atharv Chandratre

Atharv Chandratre

Birla Institute of Technology and Science (BITS), Goa Campus

Abhinav Pathak

Birla Institute of Technology & Science (BITS), Pilani, BITS Pilani, K K Birla Goa Campus

Date Written: December 10, 2019

Abstract

The electronic distribution of Intellectual Property (IP) poses multiple risks to innovators. It becomes difficult for them to maintain control of such property and track its usage; ownership can be difficult to prove, and the innovating party may not be able to curb or prevent infringements. By using blockchain as an IP registry, we can store IP as an encrypted document and represent it by a digital authenticity certificate, which guarantees tamper-proof evidence of ownership with timestamped transactions, thereby fostering transparency and decentralization. Through this project, we plan to conduct theoretical research to create a framework for a smart contract that covers this case. The approach would be to look at the problems in the Intellectual Property Rights (IPR) industry and come up with an on-paper solution with theoretical abstraction and design. We would consider various solutions and novel ideas that have already been proposed and try to optimize them with respect to local IP regulations. Eventually, the aim is to create a Proof-of- Concept of such a system that abides by modern patent laws in the Indian context.

Keywords: Blockchain, Intellectual Property, IPR, Decentralization

Suggested Citation

Chandratre, Atharv and Pathak, Abhinav, Blockchain Based Intellectual Property Management (December 10, 2019). Available at SSRN: https://ssrn.com/abstract=3800734 or http://dx.doi.org/10.2139/ssrn.3800734

Atharv Chandratre (Contact Author)

Birla Institute of Technology and Science (BITS), Goa Campus ( email )

NH-17B Zuari Nagar
Goa 403726
India

Abhinav Pathak

Birla Institute of Technology & Science (BITS), Pilani, BITS Pilani, K K Birla Goa Campus ( email )

India
+917262861702 (Phone)

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