Blockchain Patent Sharing Alliance Technical White Paper Released

On September 1, the international blockchain patent sharing alliance BPSA (Blockchain Patent Sharing Alliance) released a project white paper. BPSA has many board members, including former chairman of the U.S. Commodity Futures Trading Commission James Newsom, former chairman of Nasdaq John Wallace, and former Motorola chief lawyer Tao Guzhong.

On December 30, 2016, the State Council issued the Notice on the National Intellectual Property Protection and Utilization Plan for the 13th Five-Year Plan (Guofa [2016] No. 86), which was signed and approved by Premier Li Keqiang. The 13th Five-Year Plan for National Intellectual Property Protection and Utilization was officially released, which clarified the development goals and main tasks of intellectual property work in the 13th Five-Year Plan and made a comprehensive deployment of national intellectual property work. This is the first time that intellectual property planning has been included in the national key special plan. The birth of the International Blockchain Patent Sharing Alliance (BPSA) is a powerful means for the blockchain industry to protect patents, and will also allow blockchain companies to avoid the risk of losses due to improper patent protection in the future.

Blockchain Patent Collection (BPC) is a smart patent licensing unit launched by the International Blockchain Patent Sharing Alliance. As the smallest tradable patent smart contract unit, BPC can achieve full circulation and traceability in the entire ecosystem of blockchain patent pool-patent licensing-patent rights trading, thereby realizing its own value. The alliance will form an effective mechanism that enables alliance members to obtain patent protection at a lower cost, so that the global blockchain industry can achieve healthy development.

BPC will not be distributed through the popular ICO method, but will be distributed according to the funds and patent investment of alliance members. It is reported that the Distributed Intellectual Property Chain (DIPC) will also use BPC tokens as a cross-border patent settlement tool.

BPSA project white paper officially released

In the face of the current development trend of the blockchain industry and the development trend of global blockchain patent layout, the Blockchain Patent Sharing Alliance, based on the blockchain industry standards, unites global blockchain companies, colleges, scientific research institutions and other related patent entities to jointly build a blockchain patent pool. The realization of the union and sharing of blockchain-related technical patents not only achieves the mutual benefit and sharing of blockchain-related patent intellectual property rights among alliance members, but also greatly reduces the patent maintenance costs of related patent entities, and can also pursue patent discourse power in the global blockchain industry. It will also reasonably layout blockchain-related core patents on a global scale and build a patent protection and defense system for related technologies in the blockchain field.

The Blockchain Patent Sharing Alliance has pioneered the collection of blockchain-related patents to form a patent pool, using the most advanced blockchain technology to unite blockchain patent owners, potential users and investors, build a patent intellectual property authorization and transaction system, and establish a global blockchain intellectual property asset transaction alliance. Ultimately, a reciprocal and shared platform for blockchain-related patents will be established to reduce the costs associated with the writing, maintenance and application of blockchain patents, protect the innovative achievements of start-up teams and small and medium-sized enterprises, and promote the popularization and application of blockchain technology in various industries; increase the security, fairness, justice and global liquidity of intellectual property asset transactions; creatively use the blockchain patent pool as an endorsement to establish an index-type investment target in the blockchain industry, broadening the investment channels of industrial capital. In the future, the system can also be used as a patent intellectual property authorization and transaction service platform for patent intellectual property protection, rights protection, authorization, and transactions in other fields.

The Blockchain Patent Sharing Alliance innovatively utilizes the patent trading platform to turn intangible patent rights into assets, and uses the generated smart contract units (BPC) to authorize, price, and trade patent assets. Smart contracts are used to ensure that customers holding a corresponding number of BPCs can have the corresponding patent usage rights in the patent pool for free, which is fair, transparent, and not controlled by a third party. In addition, BPC is a new type of digital asset that is completely independent of other digital assets and can be traded freely in the market. Blockchain patent intellectual property rights can flow smoothly within the system, increasing the liquidity of patent intellectual property rights.