CEO of KnowHow Chain, Xie Hongzhong, shared ‘Real World Practice of Provence of Intellectual Property Rights and Its Controversy " at ‘intellectual property rights operation training meeting’ held by the state intellectual property office. Xie Hongzhong points out that the adoption of Blockchain would solve the problem of ‘bubble patents’, ‘rubbish patent’, and ‘fake patent’. Due to the fact that Blockchain could be trusted and be traced back, such adoption would help to achieve the provenance, utility, securitization and protectionism of intellectural asset.
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