IPchain is a block chain product for the application in the field of intellectual property. Launched in October, 2016, after months of market analysis, technical solutions research, and communication with experts in the field of intellectual property, the technical basis of IP Chain was determined to be the block chain technology based on the model of UTXO, which is similar to Bitcoin network. Through adopting Consensus Mechanism of DPOC (one of the improved solutions of DPOS) and with reference to the transaction model for the characteristic of products in the field of intellectual property, IPC Chain aims at providing a flexible and rigorous solution of intellectual property block chain.
Traditionally speaking, the biggest problem of the definition, use, and protection of intellectual property rights is the difficulty of the proof of ownership, resulting in the value losses and property consumption of original owners of intellectual property. The traditional ways of protecting rights have been monopolized by large organizations and social organizations. Hence, it needs to undergo a series of complex and lengthy processes to obtain the valid certificate of intellectual property, which is, however, not the greatest influence. The powerful monopolies and the weak individuals appear to be so imbalanced. Through technology of block chain to preserve the proof of intellectual property, authors can protect their privacy effectively with a small amount of money, ensuring users that they are willing to timely input their proof of works into the public chain of IPC Chain. Meanwhile, the transaction of intellectual property will be recorded as a regular transaction way of rights, and an authentic certificate can be provided to the public.
IPC Chain plans to be a provider of infrastructures in the field of intellectual property, providing foundation of the more effective and safer commercial application for the intellectual property. IPCChain is cooperating with many ambitious partners of the commercial application of
intellectual property in the field of cultural transmission, electronic publishing, audio and video products, technological innovation, and substantial knowledge assets.
ipchain