Legal and IP Supply chain

Koch Industries aims to re-invent IP management

Copyright intellectual property
Today at the Consensus conference Koch and Georgia Pacific outlined their work with Deloitte on building an industry-led blockchain for intellectual property (IP).
The current system
First, they outlined the problem. If you imagine trying to sell a car or home without knowing the previous owner, how can you be sure of the title? This is more-or-less the state of IP today. If you send documents to most Intellectual Property offices, like a patent office, they will record whatever you send them. This happens whether or not you’re the true owner of the IP. Hence when you sell or license IP, it’s hard to do a reverse chain of title search, though it can provide some comfort.

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