Xia Weixiang: Intellectual property services meet blockchain: a match made in heaven

Blockchain technology: more than just Bitcoin, blockchain has a bright future. Blockchain technology is derived from Bitcoin. In 2008, Satoshi Nakamoto formally proposed the concept of blockchain. In 2009 , the official launch of the Bitcoin system marked the transition of blockchain technology from theory to reality. We believe that the essence of blockchain technology is a decentralized distributed network database, which is a large-scale writing tool based on this in a completely open and peer-to-peer network. In the seven years since the development of blockchain, not only has the technology achieved a leap forward, but its application areas have also expanded dramatically, from the initial Bitcoin to finance and even to various fields of society. A new round of technological innovation is expected to begin, and the prospects for blockchain technology are bright.

The development of the intellectual property service industry is in urgent need of technological breakthroughs. The intellectual property service industry can be divided into three sub-industries horizontally: copyright, trademark, and patent. Among them, the copyright industry is at the forefront and the industry maturity is relatively high. The trademark industry is in a fierce transformation driven by Internet companies. The patent industry is still ready to take off in the market with its high threshold and professionalism. Vertically, it can be divided into three links according to the industrial chain: right confirmation, right use, and right protection. The shackles on the development of the industry are mainly in the following three aspects: 1 ) Right confirmation takes a long time and has poor timeliness. The current right confirmation takes a lot of time and has poor timeliness; 2 ) It is difficult to realize the use of rights. At present, the intellectual property industry not only has an imbalance between supply and demand, but also has the problem of supply and demand not being able to match correctly, which hinders the development of the industry; 3 ) The efficiency of rights protection is low. In the intellectual property industry, especially the copyright industry, the power chain is long and complex, which makes it extremely difficult to trace the source of power.

A match made in heaven: when intellectual property services meet blockchain. We believe that the combination of intellectual property services and blockchain is a match made in heaven. The introduction of blockchain technology not only solves the current pain points of the service industry, but also provides great support for the development of the industry. First, from the perspective of the confirmation of rights, blockchain is a collective maintenance, and the confirmation of rights removes the government notarization link. In theory, it achieves instant confirmation, which greatly increases the efficiency of power confirmation; secondly, from the perspective of the use of rights, blockchain technology accelerates the speed of power circulation, reduces the complicated links in the middle, quickly matches the supply and demand sides, and solves the problem of realization in one fell swoop; finally, from the perspective of rights protection, blockchain solves the problem of the lengthy and messy intellectual property industry chain, and the road to rights protection is unobstructed, which greatly improves the efficiency of rights protection. At present, companies including Monegraph and Factom have begun to try to combine intellectual property with blockchain. We believe that it has important reference significance for the integration and development of the two in China.

Theme mining, looking for beneficiary targets, first recommend Guangyi Technology. We believe that the following companies will benefit greatly from the explosive growth of the domestic intellectual property service market. Information companies: Guangyi Technology ( 300356 ), Annie Shares ( 002235 ), Meiya Pico ( 300188 ); Commercialization companies: Pulike ( 603566 ), Jiecheng Shares ( 300182 ), etc.; Agency companies: Xinzhengxin (planning IPO ), Chaofan Shares ( 833183 , listed on the third board), etc.

Risk warning: Policy implementation has slowed down, and market development and integration have fallen short of expectations.