Blockchain holds the promise of automating the process of patent discovery and approval. First movers can take their intellectual property records, patents and trademarks to blockchain. For intellectual property lawyers, paralegals and researchers, blockchain technology holds the promise of being able to share records easily and in real-time. Blockchain’s immutable digital ledger can be used as a secure way to protect the intellectual property of authors, inventors and organizations.
- The Ministry of Commerce of Thailand has launched a feasibility study which will tap into applying blockchain in intellectual property registration
- Sony announced that it will be pioneering the development of a Digital Rights Management (DRM) platform using Blockchain. The solution will focus on protecting digital content and intellectual property for creatives. Properties and rights such as music, electronic textbooks, films, VR content, and e-books will be in purview.