InvArch Intellectual Property ownership

InvArch is and Intellectual property development network deployed on Polkadot to provide a secure and technology driven economy. Most importantly, InvArch aim is to enable tokenization of intellectual properties and eliminate barriers of trust through the InvArch blockchain. Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

In addition, InvArch is a blockchain protocol that bridges the gap between ideas and creation; connecting a world of thinkers, creators, and finance under one ecosystem, allowing innovation to flourish. This is realised through the tokenization of ideas, fractionalizing their ownership, and having a secure and transparent ecosystem where users can relate, collaborate, and form partnerships.

Intellectual Property ownership

Intellectual Property ownership, is thought to be the ownership of ideas and concepts. However, it’s not as straightforward to define Intellectual property ownership as it is ownership of tangible items of property.

Briefly stated, InvArch may be compared to a hybrid between a professional networking platform and a this varies with an intellectual property authenticator other than individuals leveraging skills and employers offering a salary in a job application, users can leverage their skills and offer value in a venture opportunity.

Unless a written contract exists that transfers ownership, consultants almost always have IP ownership rights to what they create. Because it’s common for companies to hire consultants, both sides are usually aware of the need to draw up a written contract to transfer ownership rights if an agreement doesn’t already exists

Also, Ownership of intellectual property can be owned by one entity, typically the creator, in the form of Sole Ownership. One or more creators can also own ownership of intellectual property through Joint Ownership.

WHAT OWNERSHIPS DOES INVARCH CONFER?

Without other arrangements, an owner of an NFT owns only the token itself.

Owning an NFT can compare to owning a collectible card, such as a rare baseball card or rare Pokémon card. Like a card, an NFT is a token that represents an item. Owning a token or card. confers no ownership or rights in the represented item.

InvArch Tokenization of. Intellectual property rights is something that is desirable to many other firms. On one hand, it is known that intellectual properties involve different legal barriers such as being dependent on a registry, having long-waiting times for granting of the right which create friction in the market

Simply saying, InvArch is a unique blockchain platform that unites many blockchains and allows their users to safely communicate with each other, regardless of their location, share ideas, tokenize their ideas in the form of NFT, bring these ideas to life, and remain confident that their ideas are completely safe.

InvArch Blockchain for determining creatorship/Proof-of-Ownership

InvArch Blockchain technology can be used as a trusted platform for verifying the authenticity of ownership of Intellectual property works. A person wanting to get a patent over an invention can go to patent office to apply for a patent and secure his Intellectual property. However, in case of copyright because of the lack of any official documentation, the onus of proving ownership of a creative content lies with the creator. Exercising the copyright has become even more challenging in the era of internet, where anyone can download the content created such as a recorded song, a photograph, painting, etc. and can freely use it at will. The value of a single IPO is equal to the total number of tokens (Tn) divided by the number of fractionalized ownership (F).

Thus, InvArch blockchain technology will be able to facilitate the management of IP rights. Publications under the InvArch. Blockchain environment might be used as evidence in intellectual property related law proceedings.

Website: invArch.io

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Crypto enthusiast, blockchain lover, article writer

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Crypto enthusiast, blockchain lover, article writer

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