Secure your idea for 12 months and convert to international patent under PCT within 12 months
Patent Cooperation Treaty (PCT) provides filing mechanism for global protection of innovative products and services.
Innovations in the Internet of Things or the IoT sector have resulted in various patents to protected wearable devices and fitness trackers. IoT Patent Landscape reveals that patents for fitness trackers and wearable devices have increased multifold across the last few years.
As per patent classifications, data processing has been divided into three subcategories by IPC, CPC, and keywords:-
It incorporates patents that identify with the encryption of information and the figuring of records and data. Instances of licenses in this subcategory are held by Qualcomm and Irdeto.
It identifies with patents concentrated on the exchange of information between the blockchain network and the system itself. The models in this subcategory are held by Philips and Marvell Technologies.
It incorporates information control, the executives and cross-examination inside the blockchain network. The instances of licenses in this subcategory are held by Microsoft and Tencent.
It can be used to classify the identities that are innovator leaders in a specific sector. It can also be used to identify the countries that are the main hot spots for the research and development sector. Thus, this examination can help innovators appreciate their commercial interest in the technology and the intermediate where they can carry out the activities. This information can together form and commercialize strategies. It also specifies which country has the most investment or interest in a specific area of innovation.
China and the United States are currently directing global blockchain innovation. Despite China and the United States has an equivalent number of applicants, the Chinese file the patent application twice every year as compared to the United States.
Document Authentication and Management
The issues being looked under this classification are record phony, the arrangement of the shrewd agreements and treatment of the agreements when all is said in done.
This problem has been efficiently addressed by the following companies:-
Data Sharing and Consistency
It identifies with patent families tending to how to verify the exchange of data over the system.
This problem has been efficiently addressed by the following companies:-
Entity Authentication
It identifies with patents that have attempted to improve personality checking, distortion of individuals and discovery of identity fraud.
Security and Secrecy
It identifies with the patent families that are attempting to tackle the issues of protection and encryption of information and moves.
General Transactions
It captures arrangements identified with exchanges and trade of information, following and deciding the kind of transfers.
It incorporates patent families that are taking care of issues identified with the preparing rates of information from different sources inside the blockchain.
Data Currency and Banking
It intends to unravel issues encompassing computerized monetary forms and fiscal exchanges, including installments and stock trades.
There are two types of Australian patent applications:-
The Australian Government has acknowledged the recommendation of the Productivity Commission to stage out the innovation patent.
Only 59 patent families contained patents filed through the innovation patent. Australians have mad higher proportional use of innovation patent systems which is 55% in blockchain technology.
Due to the lesser threshold for this type of patent, and the fact that the innovation patent is not enforceable abroad, this may overemphasize the level of innovative activities of Australian patent applicants in blockchain technology.
Chinese Applicants dominate Blockchain Technology. Alibaba, a Chinese company is the largest applicant who has filed about 57 families. Talking about global companies, Coinplug from South Korea and IBM has 75 and 61 families respectively.
Applicants are using blockchain technology to resolve glitches in document handling and administration, and predominately applying the technology into payment and transaction systems.
Australia’s role in the area of blockchain technology is active, with 49 patent families originating from Australian inventors, ranking Australia sixth globally in patent applications. Australia is also classified sixth globally as a destination for filing blockchain patents, with 87 patent families filed in Australia.
Advocate Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology, Intellectual Property & Corporate Laws. He is reachable at rd (at) patentbusinesslawyer (dot) com & @rdpatentlawyer on Twitter.
Quoted in and contributed to 50+ national & international publications (Bloomberg, FirstPost, SwissInfo, Outlook Money, Yahoo News, Times of India, Economic Times, Business Standard, Quartz, Global Legal Post, International Bar Association, LawAsia, BioSpectrum Asia, Digital News Asia, e27, Leaders Speak, Entrepreneur India, VCCircle, AutoTech).
Regularly invited to speak at international & national platforms (conferences, TV channels, seminars, corporate trainings, government workshops) on technology, patents, business strategy, legal developments, leadership & management.
