First ‘blockchain patent sharing alliance’ launched

A number of blockchain enterprises from the United States, Canada and China said they have launched the “Blockchain Patent Sharing Alliance” (BPSA) at Stanford University.

The alliance said it aims to facilitate global patent sharing as well as to promote and adopt patent technology.

“The establishment of BPSA is widely regarded as highly beneficial for the development of the whole blockchain industry,” said BPSA in a press release distributed on PR Newswire.

“On the one hand, it can achieve global intellectual property rights sharing and promote the exchange and sharing of technology for every industry …

“On another hand, it is able to create intellectual property value assessment system to provide the basis for enterprise assets evaluation and intellectual property transactions, establishing global digital patent trading platform based on blockchain to make the effective value-cashing of patent assets possible.”