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.
Using the tool, Roscosmos can reportedly maintain and verify a database of IP data objects as well as coordinate IP experts such as lawyers, patent specialists and auditors.
Waves Enterprise chief commercial officer Igor Kuzmichev said, “The most notable properties of blockchain are data immutability and the possibility of verification. Centralized registries can not provide these properties.”
The solution also enables Roscosmos to provide non-monetary rewards for detecting IP infringement cases through smart contracts. As part of the platform’s…
