What happened was not a surprise, statics from WIPO show that the global intellectual property market generates about $ 180 Billion USD in licensing annually. Knowledge ownership has become the most critical asset of the 21st century. What was once a peaceful corner of the tech business has become a hot spot in the legal and business world. Can you imagine a world where IP is protected by an open blockchain that manages millions of dollars in protected rights?
Kakushin, a decentralized innovation and intellectual property-driven ecosystem that opens the door for innovators to list their patents and intellectual property (IP) with the World Intellectual Property Organization (WIPO), which is a United Nations self -funded agency with 191 member states. We know from WIPO data that global IP filing activity is on the rise. The data showed that the number of patents filed between 2015 and 16, alone saw an 8.3 percent growth.
The Intellectual Property of the Blockchain
The Intellectual Property filing adds a seven-year run. In the midst of this scene Kakushin emphasizes the difficulty faced by innovators in creating basic copyright protection for their innovations and for reducing the adverse effects of copyright infringements. .
Patents are more than IP protection, they are also valuable assets for promoters. Kakushin makes it easy for innovators to collaborate on IP. The project creates an environment where innovators can express their ideas and increase their acceptance among investors. It minimizes issues related to neophobia. Kakushin eliminates the uncertainty associated with crowdfunding and ushers in an era of transparency. The ecosystem of innovation pushed by Kakushin is a block-based solution that ensures investors invest in the project they choose to support. Innovators are released from geographical constraints as the ecosystem transcends boundaries and is a real world solution.
Kakushin blocks IP in WIPO
The patent process itself is also fraught with difficulty and navigating this minefield can be challenging for new entrants; make a mistake at the patent stage and all the effort of an inventor is wasted. To this end, Kakushin’s partnership with WIPO is essential. WIPO is working to create an effective and balanced international IP system. WIPO member states form the basis on which the worldwide IP system is built, supported by treaties and conventions facilitated by the international organization. While WIPO itself does not issue patents, which are the responsibility of national or regional patent offices, it facilitates the protection of international patents under the PCT system.
Kakushin is the first of its kind in-line solution for innovation and the IP industry that will offer an innovative blockchain-based environment working in conjunction with the WIPO framework, the Kakushin Ecosystem is a Hyperledger -based platform powered by smart contracts and manual authentication of all. documents and audits smart contracts between all stakeholders on an IP to protect stakeholders ’interests and make the IP accessible to be shared with others (may or may not be for benefits of money) in the virtual world. While Kakushin Ecosystem is a brand of Prius Labs Pty Ltd, Australia, it follows all the steps and standards mandated by WIPO to be followed in the real world. That is, Kakushin Ecosystem works as a service provider to its clients and provides them with the services offered by The WIPO in the real world in addition to what WIPO and other patent offices have lost in a virtual / digital record and smart contract-based mechanism, for the protection, management and monetization of IPR.
Sachin Bhargava, Co-founder & chief technical officer of Kakushin Ecosystem, said:
“We want to create a world where an invention and unique idea will draw resources to drive the most amazing fiscal innovation, so that Innovators don’t have to look for anything, Kakushin is a fully integrated platform to make their idea a viable product. “
A decentralized Incubation and IP protection platform
Kakushin’s blockchain based incubator is run in a blockchain community -driven approach. Everything around the ecosystem touches all participants in lifelong innovation. The Kakushin Incubation and Nursing Center has taken a 360º approach to ICOs, from disseminating knowledge, accelerating investment, launching ICOs to providing the ability to follow existing ICOs with new and friendly ideas and products. Kakushin’s approach essentially focuses on efficient market marketing and risk reduction. The integrated exchange, which accepts the Kakushin Token (KKN) allows investors, buyers and inventors to access the entire innovation ecosystem.
While Kakushin focused on building a community that supports and fuels innovation, they took the crowdfunding approach to support the project. Kakushin’s introduction continues and is about to end on May 31, 2018. Kakushin has over + 18K members in the official Telegram community. Primary token sales will run from June 1, 2018 to June 30, 2018. At the time the token was sold 2.4 billion KKN had sold, following ERC20 and based on the Ethereum blockchain. There was a soft cap of US $ 4 mln and a hard cap of US $ 30 mln on sale. A Whitepaper was released by Kakushin detailing the technical and other aspects of the project.