Blockchain based IP Management System solution to Looming patent war

Every innovator or creator knows that any invention which falls under the protection of Intellectual property law could easily be stolen online. The protection and patenting of your creation/invention is very crucial to have legal rights of ownership. In the age of blockchain, the process of protecting and registering patents is becoming far simpler.

The potential to use blockchain technology for the management of IP rights is vast. Recording IP rights in a distributed ledger rather than a traditional database could effectively turn them into “smart IP rights”. Distributed ledger technology makes a safe, time-stamped and permanent chain of data it already has / its applications in many sectors.

Using blockchain as an IP registry may help give clarity to copyright authors, owners and users. By registering their works to a blockchain, authors could end up with tamper-proof evidence of ownership. This is because a blockchain transaction is immutable, so once a work has been registered to a blockchain, that information cannot ever be lost or changed. In theory, third parties could use the blockchain to see the complete chain of ownership of a work.

Currently, there are very few blockchain projects that are working to create IP registration management system. However, upcoming projects like Kakushin Ecosystem are looking to change this. While this project can certainly be beneficial for innovators and creators wanting a better way to search IP information, Kakushin wants to go a step further. Ultimately, this project aims to create a decentralized ecosystem for innovators to search/sort/register their patents, get funding for R&D of their innovation, and to buy/sell or lease the patent on Kakushin marketplace. The idea is that Kakushin was a solution for improving the current centralized IP registration systems. The project adheres to World Intellectual Property Organization standards, which could help increase its adoption.

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IP focused blockchain solution

How long does it take to file a patent? It is one of the most daunting questions every patent applicant has. Irrespective of how simple the question appears to be, the answer to this is anything but straightforward.

It depends on country in which the patent application has been filed, field of technology to which the patent application relates and what Steps taken to expedite the patenting process.

Let’s look at the US as an example. According to the United States Patent and Trademark Office (USPTO), it takes about 22 months to get patent approval after going through the steps to file a patent. Also, application for a patent in a high-traffic field such as computer software can take twice as long.

The issue is that several IP filings must encounter manual audit. In the fast moving industries it is crucial to register your patent before anyone else would, which can be difficult to get your patent approved by these centralised patent agencies and other regulatory authorities. By replacing centralized registration systems with decentralized ones, it will be easier to not only register new IP but also update filings and transfer ownership at any time. The blockchaining of Intellectual property will provide an ease of registering or searching a patent, and provide users with complete transparency. This will quicken the patenting process so that the innovators can move forward with their innovations that are protected by IP law.

Kakushin’s IP MANAGEMENT PLATFORM :

An open source distributed ledger framework for intellectual property rights management, upon which users can search, register and sort specific patent applications and inventions. Using hyperledger as an IP registry may give clarity to copyright innovators and users. The kakushin’s Hyperledger based IP management will verify the uniqueness of idea/concept with tamper-proof evidence of ownership.

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Kakushin ICO Prediction

Kakushin gets an outstanding review from coin predictor. The analysis of our project indicates great results and we are happy to share it with our prospective investors. According to a website coinpredictor.io “value of 1 KKN could move up +200.37% once Coin is listed on exchanges” Probably one of the highest price prediction on any coin.

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Kakushin ICO Prediction

The startup has started its main sale. The start date of the campaign was 01 June 2018 and the scheduled end date is 15 August 2018 with total amount of 1200000000 tokens planned to be sold.

During the crowdfunding the price for 1 token is 1 KKN = 0.06 USD. Kakushin ICO prediction algorithm is showing that the value of 1 KKN couldmove up +200.37% once Kakushin is listed on exchanges when compared to the issue value during the token sale. This forecast is based on the same analysis obtained from “Investment” category and located in Australia concluded campaigns.

KKN is a ERC20 standard token, which is built on the Ethereum platform. If you are interested in participating in this campaign, then ETH, BTC, BCH, LTC, DASH can be accepted to buy KKN tokens.

Source: https://coinpredictor.io/icos/kakushin

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Kakushin, a blockchain driven solution for Intellectual Property management

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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