Tokenization of Intellectual Property
What is Tokenization of Intellectual Property Rights?
To Tokenize a property means to put a non-indicative word called 'Token' as a share of the total property (you will not get to know the value of the total property) that investors can buy. An example is when you tokenize your intellectual property (it could be a copyright, trademark, industrial design or a patent) - your property (share) will be valued in smaller value so that investors whether small or big can buy into. Tokenization (or Non-Fungible Token) is structured in block chains and when investors buy into it using smart contracts framework ( a protocol that runs on a blockchain). Compared to the conventional way in which investors buy shares, buying shares from a Tokenized Framework will mean that investors can buy just a small part of the property instead of having to fork out a large sum of money to acquire just a single share as offered by a public share trading entities.
Tokenization of intellectual property is a new concept but it has made it possible for investors to buy into part of the shares that is offered by the seller of holder of intellectual property. IP specialists are now enraptured because it seems that almost everything of a monetary value - tangibles and intangibles - can be offered and managed via security tokens via block chain networks. The beauty of block chain trading is that it offers a sense of security and peace of mind. Till this date, many singers have gone on the tokenization path to offer shares of their song's royalties - it is done through a process called a security token offering (SCO) - a digital token that represent a share in their protected work. Likewise, you will also be able to offer a securitised token offering for your intellectual properties. A tokenization framework is usually structured in the form of block chain where the buying and selling is effected using smart contract - so as to offer a sense of security. With this tokenization program, many entities, both individuals and corporate will find an easier path towards monetisation of their valued intangible properties. Here at Patentagentip we have a Tokenization Program called "IPTokenize and get bought" where intellectual property holders can sell shares. It will also encourage entities to shore up their intellectual properties portfolios to take the opportunity to increase their intangible assets. We can help you to create your patent from a vague idea that you give to us or we will provide you the idea after we have done a patent analytics of your business.
Reasons to monetise your IP rights
* Allow capable parties to make use of intellectual property and to further develop it
* Allow others to have a license to further develop it.
* Increases the monetary value of the IP rights
An alternative for tokenization of intellectual property - tokenization of Trade Secrets through our programe TOKSECRETS
What are trade secrets?
Trade secrets are intellectual property rights on confidential information which may be sold (licensed as well). It is also able to be tokenized and thus offer for sale as a smaller uint of the whole. The thing about trade secrets is that it need not be told to the authorities (patent office) and also need not be registered. Thus nobody gets to know about the secret unless they are a part of the token framework. So if you partake in the tokenization framework, then you will get access to the secret - sort of getting a license to practice the trade secret. And because of the fact that you need not register it, it becomes much easier to buy the token - unlike patents where you will need to register the purchase with the authority. Tokenizaton of trade secrets is another alternative for tokenization of intellectual property rights. At Patentagentip you may partake in the tokenization of trade secrets as most of their intellectual properties can be treated as trade secrets where there is no need to register it with the authorities. All it needs is where its purchase and selling is through a smart contract enabled by block chain mechanism. Of course there will be a need to have a confidential agreement between the buyer and seller where it is forbidden to disclose any trade secrets to a third party. Well, it looks like tokenization of trade secrets will take off in the near future as it is less of a hassle to do buying and selling of intellectual property rights.
Learn more about Tokenising Trade Secrets
Get in touch with us if you are interested in buying our token or be part of our Token Eco-System. Meanwhile do take a look at what we have to offer