What is happening is not a surprise, the WIPO statistics shows that global intellectual property markets are generating approximately 180 billion USD in licenses each year . Intellectual property has turned out to be the most critical asset in the 21st century. What used to be a quiet corner of the technology business is becoming a hot zone in the legal and business world. Would you be able to think of a world in which IP is protected in an open blockchain that manages millions of dollars in protected rights?
Kakushin, a decentralized ecosystem driven by innovation and intellectual property, has opened the gateway for innovators to list their patents and intellectual property (IP) in the World Intellectual Property Organization (WIPO), which is a self-financed United Nations agency with 191 member states. We know from the WIPO data that the global activity of IP presentation has been increasing. The data indicates that the number of registered patents between 2015 and 2016 alone increased by 8.3%.
Intellectual property on Blockchain
Applications for Intellectual property have been increasing for seven consecutive years. It is in this context that Kakushin has greatly reduced the difficulty faced by innovators to establish basic copyright protection for their innovations and to reduce the damaging effects of copyright infringement.
Patents are more than just PI protection, they are also valuable assets for innovators. Kakushin is making it easier for innovators to work together in PI. The project creates an environment in which innovators can develop their ideas and increase their acceptance among investors. This reduces the problems related to neophobia. Kakushin eliminates the uncertainty associated with crowdfunding and marks the beginning of an era of transparency. The innovation ecosystem that Kakushin is promoting is a blockchain-based solution that ensures that investors get a share in the project they have chosen to support. Innovators free themselves from geographical constraints as the ecosystem transcends borders and is a truly global solution.
Kakushin mounts IP block with WIPO
The patent process itself is also beset by difficulties and navigating through this minefield can be a challenge for new entrants; Making an error in the patenting stage and all the hard work of an inventor is wasted. To that end, Kakushin’s association with WIPO is vital. WIPO works to create an effective and balanced international IP system. The Member States of WIPO create the basis on which the global IP system is based, supported by treaties and conventions that are facilitated in this international organization. While WIPO itself does not grant patents, which are the responsibility of national or regional patent offices, it does facilitate international patent protection within the framework of the PCT system.
Kakushin is the first solution all in one for innovation and the IP industry that will offer an innovative environment based on blockchain working with the framework of WIPO, Kakushin Ecosystem is a platform based on Hyperledger managed by intelligent contracts and manual verification of all documents and contract auditing smart among all interested parties of a PI, to safeguard the interest of those involved and make the IP easily available to be shared with others (may or may not be for monetary benefits) in the virtual world. While Kakushin Ecosystem is a brand of Prius Labs Pty Ltd, Australia, it follows all the steps and guidelines prescribed by WIPO to be followed in the real world. Therefore, the Kakushin ecosystem functions as a provider of facilitation services for its clients and provides them with the services offered by WIPO in the real world plus what WIPO and other patent offices lack, a virtual registration mechanism. digital and intelligent contract, for the protection, management and monetization of intellectual property rights.
Sachin Bhargava, co-founder and technical director of Kakushin Ecosystem, said:
“We want to create a world where a unique and inventive idea gets resources that can drive the most amazing innovation fiscally, so that innovators do not have to look for anything, Kakushin is a fully integrated platform to turn your idea into a viable product. ”
A decentralized incubation platform and PI protection
The Kakushin blockchain-based incubator is powered for a blockchain approach run by the community. The ecosystem, which covers everything, touches all the participants in the life cycle of innovation. The Kakushin Incubation and Nursing Center adopts a 360º approach for ICOs, from the dissemination of knowledge, the facilitation of investments and the launch of ICO, to the ability to trace the existing ICOs in innovative ideas and products that respect the environment ambient. Kakushin’s focus is essentially on efficient market validation and risk mitigation. The integrated exchange, which accepts the Kakushin Token (KKN), allows investors, buyers and inventors to access the entire innovation ecosystem.
Since Kakushin focuses on building a community that supports and encourages innovation , are adopting the crowdfunding approach to support the project. The Kakushin presale is in progress and will end on May 31, 2018. Kakushin has more than +18,000 members in the official Telegram community. The main sale of tokens will begin on June 1, 2018 through June 30, 2018. During the sale of tokens, 2,400 million KKN will be sold, which complies with ERC20 and is based on the Ethereum block chain. There is a soft cap of US $ 4 million and a maximum limit of US $ 30 million on the sale. Kakushin has published a Whitepaper detailing the technical and other aspects of the project.
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