IPCHAIN Database wants to solve a real problem for creators. When someone invents something, makes art, or discovers an idea, they need a way to prove they own it. Right now, that's hard. Misuse of in
IPCHAIN Database wants to solve a real problem for creators. When someone invents something, makes art, or discovers an idea, they need a way to prove they own it. Right now, that's hard. Misuse of intellectual property costs the original creator money and reputation, especially as everything moves online.
The platform uses blockchain to create permanent, public records of authorship. Rather than keeping documents in a lawyer's office, the proof lives on the ledger where anyone can verify it. When disputes reach court, judges can access this data and confirm the creator's ownership is indisputable and the timestamp is genuine.
IPCHAIN Database also handles the practical side. A creator draws up a non-disclosure agreement, puts it on the blockchain, and sends a link to a potential buyer or partner. The recipient signs the NDA before viewing the work. The system records both the signature and the document on the blockchain as permanent proof of the agreement and when it was signed.
"Companies or private individuals can share confidential information or work they have created by simply sending a link and having the other party sign a non-disclosure agreement prior to accessing that information, which is also uploaded to the blockchain as proof," says Dominik Thor, the company's CEO.
Smart contracts govern intellectual property sales on the same ledger. The system transfers ownership only after confirming payment, so creators get paid before giving up rights.
A game developer with more than 300 million players signed on early. "One of our advisors works in the management of Germany's biggest game developer," Thor explained. "They have more than 300 million users playing their games and he will help us offer game developers the chance to protect their code, in-game assets and game mechanics using IPCHAIN Database."
The company is building a prototype and will show it to the public before the ICO. A beta version launches during the token sale so users can start uploading. Thor said "a complete release of IPCHAIN Database with all functionalities described in the white paper will happen later this year."
IPCHAIN Development has locked in partnerships with major institutions to guide development: WIPO Green (the UN's sustainable technology arm), the International Federation of Inventors' Associations, Dennemeyer (an intellectual property law firm with offices across five continents), the Marie Curie Alumni Association (a researcher network), TommorowLabs (which works on anti-aging biotech), Crypto Management (a cryptocurrency information site), and several universities.
The pre-ICO starts March 24 and runs through April 15, closing earlier if tokens sell out. The company sells 637,500 tokens with a 35 percent bonus. IPCHAIN created these as ERC20 tokens on Ethereum and accepts only ether. Investors face no minimum or maximum investment. The hard cap is $20,000. Of 15 million total tokens, 8.5 million go to the sale, 1.5 million serve as bonus and strategic allocations, and the team gets 5 million for development and operations. Early investors receive three percent of all tokens as a strategic fund.
