Tokenization of IP Rights — Part 2: Patents and Potential Problems of Their Tokenizationby@esen
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Tokenization of IP Rights — Part 2: Patents and Potential Problems of Their Tokenization

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Patent holders are not necessary to use or license the innovation, but they are necessary to ban third parties from doing so. Patent holders have a time-restriction which is 20 years. Patent tokens are not the right tool for tokenization and the creation of a frictionless market. The tokenization of patents and the distribution of their ownerships through tokens would cause the same problems as tokenizing rights and distributing them through tokens. For these rights to be legally valid, the token issuer should file an application to the respective patent office each time when there is a token sale.
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Esen

Tech Lawyer - Jurist


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