Today, people and businesses often struggle to trade intellectual property (IP) like patents or trademarks because most platforms only allow fully approved IP rights to be sold—not those still under review. Additionally, current systems only support outright sales, not licenses, and pricing often feels arbitrary or unclear. These issues limit access, make transactions confusing, and prevent good ideas from finding the right buyer or partner.
Key Features of the Invention
This invention introduces a blockchain-based platform where anyone can list their intellectual property—whether approved or still in review—for sale, licensing, or even auction. Users can create “smart contracts” that clearly lay out transaction details (price, duration, license terms, etc.), which are then verified automatically for authenticity. The system checks the legal status of the IP in real-time, ensuring everything is current and legitimate. A dynamic shelf system helps users manage, update, or remove their listings at any time.
What’s New and Unique
Unlike existing platforms, this one allows IP under review to be listed and licensed—not just fully approved rights. It also introduces flexible transaction types beyond just sales and uses blockchain smart contracts to verify ownership, legal status, and contract terms automatically—reducing fraud and boosting transparency.
Tangible Benefits
- Easier access to IP markets, even for early-stage ideas
- Flexible licensing or selling options
- Transparent pricing and transaction records
- Lower entry barriers for creators and businesses
Broader Impact
This platform could greatly accelerate innovation by helping inventors find partners or buyers sooner. It encourages open, global participation in intellectual property markets while reducing legal and financial roadblocks—benefiting industries, creators, and society at large.