IPBlockchainPro: Protect, Licence, and Commercialize Intellectual Property

Sadia Ahmmed1S M Jishanul Islam1Sahid Hossain Mustakim1Aadiba Tasneem Anam2

1Department of Computer Science and Engineering, United International University, Dhaka, Bangladesh
2School of Business and Economics, North South University, Dhaka, Bangladesh

A Paper Submitted in Partial Fulfilment of the Requirements for IBCOL 2023

Sustainable Development Goals

Keywords

Intellectual PropertiesLegal RightsIntegrityOwnershipLicensingMonetizationValuationBlockchain

Abstract

Intellectual Properties (IP) give the inventor the legal right to exclude anyone from inventing, using, or selling their invention or creation. With the growing innovation, the concern about effectively maintaining their integrity and ownership is skyrocketing. Moreover, a comprehensive ecosystem is needed if creators want to sell or license their IPs to earn from them, there needs to be a comprehensive ecosystem that manages the non-repudiation of their IPs and the associated financial rewards. We propose IPBlockchainPro, a blockchain-based decentralized IP management system that revolutionizes the ecosystem.

Our solution is designed to address four key factors: licensing, monetization, funding, and valuation, by establishing a secure, transparent system to ensure the protection, registration, and trading of IP. This decentralized platform simplifies the IP registration process, transparently manages royalties, accelerates transactions through smart contracts, and provides a marketplace for IP assets with data-driven valuation capabilities. Beyond its technical prowess, IPBlockchainPro fosters a culture of digital ethics, aligns with national development agendas, and empowers Small and Medium-sized Enterprises (SMEs) by reducing commercialization risks and enabling global collaboration. With a user-friendly interface and a commitment to data privacy, it stands as a catalyst for innovation, economic growth, and ethical IP practices in the modern digital era. Thus, it contributes directly to SDGs 8 (Decent Work and Economic Growth), 9 (Industry, Innovation, and Infrastructure), 16 (Peace, Justice, and Strong Institutions), and 17 (Partnerships for the Goals)