Wednesday, September 22, 2021

Russian space agency uses blockchain to protect intellectual property

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Russia’s house company, Roscosmos, goals to battle mental property infringement within the house business with blockchain know-how.

Roscosmos began testing an IP safety answer based mostly on the Waves Enterprise blockchain platform, a hybrid blockchain platform developed by the eponymous native blockchain agency. Dubbed IP Guard, the blockchain-based device detects violations of IP belonging to Roscosmos and different business organizations.

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Utilizing the device, Roscosmos can reportedly preserve and confirm a database of IP information objects in addition to coordinate IP consultants, corresponding to attorneys, patent specialists and auditors.

Waves Enterprise chief business officer Igor Kuzmichev stated: “Probably the most notable properties of blockchain are information immutability and the potential of verification. Centralized registries can’t present these properties.” 

The answer additionally allows Roscosmos to supply non-monetary rewards for detecting IP infringement instances by means of sensible contracts. As a part of the platform’s remuneration program, community members will obtain “cosmotokens” that may be later exchanged for merchandise from the company in addition to different house business organizations, Kuzmichev stated.

The brand new device is now in beta testing, with Roscosmos being the primary group to check the service. IP Guard is anticipated to completely launch in summer time 2021.

Waves has been concerned in lots of blockchain-related developments in Russia, together with main state-backed initiatives. Final yr, the agency provided its blockchain expertise to energy a blockchain platform for Russian parliamentary elections.

A member of the unified register of Russian software program for computer systems and databases, Waves additionally provided its tech to national energy grid operators. Main Russian financial institution Alfa-Bank also implemented the Waves Enterprise blockchain platform for freelancer-focused service automation in late 2020.