IPwe and IBM to Join Hands to Convert Patents to Digital Assets
shot by IP News Shots / 7:35 pm on 22 April, 2021
IPwe and IBM will be working towards the creation of infrastructure through which intellectual property such as patents can be represented as digital assets or non-fungible tokens (NFTs), the records of which may be stored on a blockchain network. The move is aimed at making the sale, purchase, and commercialization easier for investors as well as inventors.
Blockchain Firm Accuses Co-founder Over Transfer of Expired Patents
shot by IP News Shots / 10:54 am on 12 October, 2020
A lawsuit has been filed with the US District Court for the Central District of California by Rocketfuel Blockchain against its co-founder. The plaintiff alleges misrepresentation of patent application by the co-founder and defrauding the company. Damages of at least $5.1 million are sought by Rocketfuel from the defendant. The company states that the patents in question had been transferred to the company by the co-founder.
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