PATENTS AND THEIR SECURITY ISSUES USING BLOCK CHAIN TECHNOLOGY

Abstract

Blockchain technology is a recent development in the Internet world that has impacted a variety of industries. In a distributed system, data and transactions can be shared securely using point-to-point connections.The purpose of this study is to conduct research on how a person or organization may develop a patent strategy to safeguard patent rights and how patent data is protected using blockchain technology. The suggested blockchain-based patent data protection solutions offer improved data security, data strategy and performance enhancements. This paper discusses some well-known patent technologies to emphasize the need of protecting an idea or invention. As technology advances daily via the advancement of gadgets, it is more necessary to protect an original concept by filing a patent.