Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
IBM Is Turning Patents Into NFTs
Decrypt | Scott Chipolina | Apr 20, 2021
IBM has announced it is using its blockchain technology to turn corporate patents into non-fungible tokens with the help of patent firm IPwe.
In brief
- IBM is partnering with blockchain patent firm IPwe to turn patents into NFTs.
- The tokenized intellectual property will be made "commercially available" in Q4 2021.
IPwe, a platform for the world’s IP ecosystem, today announced that it plans to begin representing corporate patents as non-fungible tokens (NFTs), in collaboration with major computer company IBM.
The tokenization of intellectual property will, per the announcement, help position patents to be easily sold, traded, commercialized or otherwise monetized. In other words, turning patents into NFTs makes it easier to have those patents reach the market.
“The use of NFTs to represent patents will help create completely new ways to interact with intellectual property,” said IPwe CEO Erich Spangenberg.
Non-fungible tokens are cryptographically-unique digital assets that can be associated with digital content such as images or video—but any kind of content can be attached to an NFT, in this case patents.
See: After you die what happens to your digital assets and NFTs?
Intellectual property has traditionally been difficult to manage, value and transact, and the introduction of NFTs into this space is expected to change that. Spangenberg added,
“This is expected to benefit not only large enterprises that have significant intellectual property, but it will bring new opportunities to small and medium enterprises and even individual intellectual property owners.”
The NFTs will be stored and shared on the IPwe Platform, hosted by IBM Cloud, and powered by IBM’s blockchain.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
 |  |  |
Support NCFA by Following us on Twitter!Follow @NCFACanada  |
Related Posts
NCFA Canada Response to the Proposed Multilateral Instrument 45-108 Crowdfunding and Start-Up Prospectus Exemption
Oasis Digital Studios and McCartney Multimedia team up with renowned artist May Pang to drop iconic digital artwork NFTs of John Lennon’s “Lost Weekend”
What are construction loans and how do they work?
Retail Investors to Drive Growth in Private Assets Under Management Expected to Reach $18.3 Trillion by 2027
Amid Equity Crowdfunding Uncertainty, Organizers Initiate Second CrowdFund Night in Montreal
Alberta and Saskatchewan securities regulators seek comment on proposed new exemption designed to facilitate access to capital
Leave a Reply