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Russian space agency uses blockchain to protect intellectual property

April 27, 2021. Summarized by summa-bot.

Compression ratio: 37.3%. 1 min read.

The blockchain tool can reportedly maintain and verify a database of IP data objects as well as coordinate IP experts such as lawyers, patent specialists and auditors.

Russia's space agency, Roscosmos, aims to fight intellectual property infringement in the space industry wit blockchain technology.

Roscosmos started testing an IP protection solution based on the Waves Enterprise blockchain platform, a hybrid blockchain platform developed by the eponymous local blockchain firm.

Dubbed IP Guard, the blockchain-based tool detects violations of IP belonging to Roscosmos and other industry organizations.

Waves Enterprise chief commercial officer Igor Kuzmichev said, “The most notable properties of blockchain are data immutability and the possibility of verification.

Major Russian bank Alfa-Bank also implemented Waves Enterprise blockchain platform for freelancer-focused service automation in late 2020.

by summa-bot

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