Follow us on or join ours

The patent office in India is working on the use of technology in its operations blockchain, AI and IoT. While the process is still in its early stages, there are completely new opportunities for patent holders.

Blockchain in the field of patents

Recently, interest in both blockchain and artificial intelligence. Blockchains have found a number of uses, ranging from tracking ownership to verifying sales transactions and even checking the legality of selling assets.

The patent industry also became interested in the use of blockchain.

Examples include Estonian company Agrello, working on the implementation of blockchain in the process of creating smart contracts, the company bindedinvolved in activities aimed at using blockchain as proof of copyright, as well as a company Bernsteinthat intends to use blockchain in the intellectual property management process.

Artificial intelligence

Not only blockchain can find application in the field of patents. There are many indications that also and artificial intelligence will be widely used in this area.

The potential of AI was noticed by, among others Australian company amberitethat decided to use an artificial intelligence engine to efficiently search for patents. Also, state patent offices are leaning towards modern technologies that can provide them with a number of different benefits. The US patent office used artificial intelligence to search for patent classes to be searched, and the European one used a special tool to translate patents published in foreign languages.

IPO implements new technologies

The Indian Patent Office (IPO) is also interested in implementing blockchain, artificial intelligence and technology IoT (Internet of Things).

In a recently announced tender, the institution declared its interest in solutions of this type, which are to help improve the patent process. An ecosystem based on blockchains and artificial intelligence will be distinguished not only by better efficiency, but also greater fluidity and speed. However, the IPO is only at the initial stage of its implementation, and the whole process is additionally complicated by the specificity of patent data. They are of a legal and technical nature, and what is more, they are highly diversified. Therefore, there are many doubts about how to apply AI and blockchain in the field of patents. While it can be assumed that these solutions will bring numerous benefits to patent offices, some time is still needed to disclose their full scope.

5 / 5 - (7 votes) is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019

My Newsletter

Sign Up For Updates & Newsletters