Kakushin: the future of the global multimillion-dollar intellectual property market

What is happening is not a surprise, the WIPO statistic shows that global intellectual property markets are generating approximately 180 billion USD in licenses each year. Intellectual property has turned out to be the most critical asset in the 21st century. What used to be a quiet corner of the technology business is becoming a hot zone in the legal and business world. Would you be able to think of a world in which IP is protected in an open blockchain that manages millions of dollars in protected rights?

Kakushin, a decentralized ecosystem driven by innovation and intellectual property, has opened the gateway for innovators to list their patents and intellectual property (IP) in the World Intellectual Property Organization (WIPO), which is a self-financed agency. of the United Nations with 191 Member States. We know from the WIPO data that the global activity of IP presentation has been increasing. The data indicate that the number of patents registered only between 2015 and 2016, experienced a growth of 8.3%.

INTELLECTUAL PROPERTY OVER THE BLOCKCHAIN

Intellectual property applications have been increasing for seven consecutive years. It is in this context that Kakushin has greatly reduced the difficulty faced by innovators to establish basic copyright protection for their innovations and to reduce the damaging effects of copyright infringement.

Patents are more than just PI protection, they are also valuable assets for innovators. Kakushin is making it easier for innovators to work together in PI. The project creates an environment in which innovators can develop their ideas and increase their acceptance among investors. This reduces the problems related to neophobia. Kakushin eliminates the uncertainty associated with crowdfunding and marks the beginning of an era of transparency. The innovation ecosystem that Kakushin is promoting is a blockchain-based solution that ensures that investors get a share in the project they have chosen to support. Innovators free themselves from geographical limitations as the ecosystem transcends borders and is a truly global solution.

KAKUSHIN MOUNTS IN BLOCKCHAIN PI WITH WIPO

The patent process itself is also beset by difficulties and navigating through this minefield can be a challenge for new entrants; Making an error in the patenting stage and all the hard work of an inventor is wasted. To that end, Kakushin's association with WIPO is vital. WIPO works to create an effective and balanced international IP system. The Member States of WIPO create the basis on which the global IP system is based, supported by treaties and conventions that are facilitated in this international organization. While WIPO itself does not grant patents, which are the responsibility of national or regional patent offices, it does facilitate international patent protection under the PCT system.

Kakushin is the first all-in-one solution for innovation and the IP industry that will offer an innovative blockchain-based environment working with the WIPO framework, Kakushin Ecosystem is a Hyperledger-based platform driven by intelligent contracts and manual verification of all documents and audit of intelligent contracts among all interested parties of an IP, to safeguard the interest of those involved and make the IP easily available to be shared with others (may or may not be for monetary benefits) in the virtual world . While Kakushin Ecosystem is a brand of Prius Labs Pty Ltd, Australia, it follows all the steps and guidelines prescribed by WIPO to be followed in the real world. Therefore, the Kakushin ecosystem functions as a provider of facilitation services for its clients and provides them with the services offered by WIPO in the real world plus what WIPO and other patent offices lack, a virtual registration mechanism. digital and intelligent contract, for the protection, management and monetization of intellectual property rights.