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Disrupting The Patent Ecosystem With Blockchain and AI

Disrupting The Patent Ecosystem With Blockchain and AI

Intellectual property is becoming one of the most valuable asset classes on the planet, with the pace of innovation being the ultimate competitive advantage across global technology sectors. Patents are one of the least understood and least effectively deployed asset classes. Intangible assets — which according to US research firms now represent more than 84 percent of the S&P 500’s market value — are notoriously difficult to manage, value and transact. Leading think tanks estimate that in the US alone more than USD 1 trillion in IP assets are going to waste because they are mismanaged and underutilized.

Business executives including CFOs, CTOs and Risk Managers are looking to use traditional business metrics to measure the performance of this critical asset class. IPwe and IBM are working together to create a new paradigm for patents.

IPwe has amassed a world-class team of patent, intellectual property and financial experts and AI and blockchain technologists to deliver leading-edge IP solutions — both as connected solutions on the IBM Cloud and bespoke, integrated solutions — enabled by AI and blockchain technologies. The IBM partnership with IPwe will help improve the performance of this critical asset class and unlock the value hidden away in patents and intellectual property on a global scale.

Read the rest of the article at the link below.

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