Intellectual Property Protection: Easier, Faster, Cheaper. 

According to the U.S. Patent and Trademark Office, the worldwide sales of counterfeit and pirated goods totals between $1.7 and $4.5 trillion annually. Sadly, this crime happens everyday. It’s a huge problem and not just for those of us who are robbed. We all become victims because stealing intellectual property discourages people from creating new ideas. 

Blockchain is a public, digital, ledger. Think of it as a distributed record that everyone can see, but nobody can edit. Blockchain lowers the bar of intellectual property protection so we can all create. The result is a new renaissance of ideas unleashed in every industry—ideas that make our lives easier and our planet better.

We need it because ideas now emerge at a faster pace than ever before. Technology is increasing at an exponential rate thanks to the Internet, globalization, and artificial intelligence. According to Moore’s Law, technology doubles every 18 months. And knowledge is exploding. It used to double every thousand years, today according to IBM, it’s now every 12 hours. This reality has ushered in a new period called The Creator Economy. 

We're not suggesting we need to abolish traditional ways of protecting IP like patents, trademarks, copyrights, and trade secrets. These options might always exist. However, if we want creativity to flourish we must reduce friction and lower the bar. 

The more you explore blockchain, the more you realize it’s the perfect solution. It’s incredibly secure but it’s also faster and cheaper.  And it solves the main issue surrounding intellectual property—timing. In fact, all IP is based upon timing. This is why no one could ever claim ownership of the golden arches. Creating on the blockchain solves the timing question. 

Your ideas are valuable. Connect with us today. We'll help you start protecting your intellectual property.

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