Blockchain Platform for IP Rights Transfer with Smart Contracts
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Solution Overview
Problem
Current methods for transferring intellectual property rights are complex, time-consuming, and costly, lacking a simple and effective digital agreement process that provides strong legal evidence and automation in transactions.
Innovation Solution
A method and system for time-stamping and transferring intellectual property rights using a distributed platform with nodes for enrollment, information upload, negotiation, and automated execution of customized digital agreements with smart contract functions, ensuring immutable records and digital signatures for legal proof.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If official legal contracts are used for transferring intellectual property rights, then legal protection and rights transfer are ensured, but the process becomes complicated, time-consuming, and costly
Solution Approach 1:
The patent introduces a blockchain-based intermediary system that acts as a neutral third party to facilitate IP rights transfer. The blockchain network with multiple nodes (including administrator nodes, super nodes, and child nodes) serves as an intermediary that automatically verifies, records, and enforces transfer agreements through smart contracts, eliminating the need for complex legal contracts while maintaining legal protection through immutable distributed ledger records.
Solution Approach 2:
The patent replaces the mechanical system of manual legal contract composition, review, and execution with an automated digital system. Smart contracts automatically execute transfer terms when conditions are met, and blockchain technology provides immutable recording without requiring physical or manual legal processes. This substitution dramatically simplifies the transfer process while maintaining reliability through cryptographic security and distributed consensus.
2Ease of operation
If standard licensing contracts are used in computerized marketplace systems, then transactions between vendors and customers are facilitated, but the system lacks service providers for legal advice and cannot compose customized agreements
Solution Approach 1:
The patent implements a dynamic agreement system where terms can be negotiated and customized between parties through the platform. The smart contract framework allows flexible configuration of transfer conditions, pricing models, and other terms. Multiple node types (administrator, super, child nodes) can be dynamically added to the network to provide specialized services including legal advice, making the system adaptable to different transaction needs while maintaining ease of operation through automated execution.
Solution Approach 2:
The blockchain platform serves multiple functions: it facilitates transactions, provides legal advice through service provider nodes, composes customized agreements, executes smart contracts, and maintains immutable records. This multi-functional system replaces the limited standard contract approach with a universal platform that can handle diverse IP transfer scenarios while maintaining operational simplicity through integration of all services in one ecosystem.
3Speed
If digital platforms are used for IP transfer, then transaction speed and accessibility are improved, but strong legal evidence and automation capabilities are lacking
Solution Approach 1:
The patent replaces traditional legal evidence mechanisms with blockchain-based cryptographic proof. The distributed ledger provides immutable, timestamped records of all transactions and agreements that are inherently resistant to tampering. Smart contracts automatically execute and enforce terms, providing programmatic legal evidence that is both fast (automated execution) and reliable (cryptographic security and distributed consensus). This substitution delivers both speed and strong legal evidence simultaneously.
4Reliability
If multiple nodes are enrolled in the blockchain network, then system reliability and decentralization are improved, but system complexity increases
Solution Approach 1:
The patent segments the blockchain network into different node types with specific functions: administrator nodes for governance, super nodes for validation, and child nodes for participation. This segmentation allows the system to achieve high reliability through decentralization while managing complexity by assigning clear roles and responsibilities to each node type. The hierarchical structure simplifies coordination compared to a fully flat network while maintaining the benefits of distribution.
Data Source
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AI summary
The present invention relates to a computer implemented method for time stamping and transferring intellectual property right, characterized in that: enrolling plurality of corresponding nodes (100) to a platform (101); wherein the corresponding nodes (100) comprise administration node (100a), public node (100b), super node (100c), child node (100d), independent individual professor node (100e) and service node (100f); uploading information and document of the corresponding intellectual property right to the platform (101) by independent individual professor node (100e), super node (100c) or child node (100d); wherein time stamping the information and document upon uploaded to the platform (101); searching relevant intellectual property right on the platform (101); negotiating on the platform (101); composing a customized digital agreement (102) on the platform (101) by selecting, amending and/or adding on a relevant module clause; wherein the customized digital agreement (102) comprises smart contract functions for automating execution; signing (103) the agreed agreement digitally by respective corresponding parties; blocking (104) the target intellectual property right automatically for further selling; and completing (105) the trade information transaction upon receiving full payment.