InvenTrust , The World's First Trusted Software Code Exchange

 InvenTrust , The World's First Trusted Software Code Exchange

About Us:

InvenTrust is preparing a platform which will be a marketplace for Intellectual Property. There can be different types of Intellectual property like patents, rights, copyrights, etc. Users can make use of this platform in order to get maximum monetary benefit by selling it. It is going to create whole new community of people where trade of their intellectual property is possible, also this will incorporate the community of evaluators who are going to evaluate the authenticity of Intellectual Property published by owners. These evaluators would be the people who are reputed in their field of work, and eventually would be incentivized. InvenTrust is bringing up all the intelligent minds on to a single platform.

Challenges

Intellectual Property is a very precious commodity in todays world. It’s an idea, an effort of the owner which should be having a reputable worth. Plagiarism, piracy and stealing of an idea are major issues due to which an original work doesn’t get enough worth, which is what is required for the same. These challenges are bounding the owners to not showcase their talent/work to the outside world. A community of such people looks forward for such a trustworthy environment where they can freely upload their property, which is secure enough to avoid mutability, transparency less, trustless behavior of platform.

Solution:

In order to fight with the challenges, Blockchain based platform can be made which has some features which are focusing to resolve them. There are certain features of blockchain which is making it more suitable for this use case:

Decentralization

Decentralization: There are different entities involved, in order to make the system more reliable in terms of compliance, there would not be any single authority to maintain the logs of transaction related to compliance and doing the settlement in case of discrepancy among the entities.

Immutability: Once the transaction gets register on to the blockchain, it will not be possible to make the changes with the record. So, InvenTrust in respect of compliance can be maintained without any risk of mutability, also the Intellectual property which is getting upload on this platform won’t be facing any issue related to mutability.

Immutability
Security

Security: Any stakeholder of the platform who is going to host the node in the network will have the access to view and introduce new schemes in the marketplace. So, no one can interfere in the system. This makes it secured.

Transparency: Every transaction count, anyone can come and investigate the records but will not be able to modify.

Transparency

Achievement

We have achieved a blockchain based platform which is highly efficient in handling the transactions in respect of the marketplace build for Intellectual Property.

Satisfactory client is the achievement of the project, first phase of which is entitled to achieve above ten thousand legitimate users around the globe.

Conclusion

On a global level, this is going to be a first in class platform which is governing the marketplace for the innovators who can monetize their work, while getting maximum benefit out of it.

With the benefits of Blockchain this platform is going to attract innovators with their original piece of work to get register, without any fear, and the end user is going to get legitimate intellectual property.

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