The Russian Intellectual Property Court joins the intellectual blockchain

The IPChain Association and the Russian Intellectual Property Court have signed a partnership agreement. The two organisations are developing the first intellectual blockchain in Russia.

The IPChain Association was established in September 2017 and the main goal of the Association is to implement the IPChain project focused on shaping the national network of transactions of rights and objects of intellectual property.

The partners of the Association and immediate participants of IPChain project feature The Ministry of Culture of the Russian Federation, The Ministry of Education and Science of the Russian Federation, The Russian Federal Agency for Intellectual Property, Patents and Trademarks (Rospatent) and The Federal Institute for Industrial Property, The Intellectual Property Court.

The national project IPChain is a unified solution for the sphere of intellectual property. It opens up opportunities for collaboration with the widest range of representatives from different economy sectors.

This new agreement was signed by the IPChain association with the Intellectual Property Court at the Plenary session of the Forum “Intellectual property – XXI century,” held in the Chamber of Trade of the Russian Federation. The agreement sets out the terms for the collaboration of both parties for the development of intellectual property as a key resource required for transition to the digital economy.  It also sets out a number of activities to raise awareness of market participants about legal security.

The CEOs of the two organisations – the chairman of The Intellectual Property Court Ludmila Novosyolova and the president of the IPChain Association Andrey Krichevsky  – place great importance on this agreement.

“The Intellectual Property Court as a part of the judicial system cannot function in isolation – it shall be connected with those bodies responsible for providing legal security, and with the whole circle of other subjects in need of access to registers of intellectual property and authors’ rights,” they said.

“The importance of the IPChain project lies in building up not local, but an integrated, universal system of interaction in the sphere of intellectual property, involving the maximum number of participants. In particular it provides for the rapid availability of information, and a quick and accurate analysis of the legal facts required for the market.”

“We believe that signing the agreement is a step forward towards building such a system. Then we need to review the practical implementation, study any possible obstacles to the IPChain project and decide whether legislation is needed,” they went on to say.

Andrey Krichevsky, the president of the IPChain Association, said: “The accession of The Intellectual Property Court to the IPChain platform is an important milestone for all intellectual property professionals. The Intellectual Property Court is the only specialised judicial institution with special authority and jurisdiction.”  

“Its main functions not only include a qualified analysis of the cases related to intellectual rights, but also determine controversial issues of law enforcement for intellectual property rights. In turn, the goal of the IPChain Association is to define standards, technologies and the tools for interaction of market participants in a digital environment. Therefore, the merger of our efforts will give a new impetus to the search for solutions of difficult issues.”

The parties expect from this cooperation the improved defence of interests of the market participants, including authors and the holders of rights for the distribution, transfer and use of intellectual property. They also anticipate that it will reduce expenses in the federal budget for state information systems, the availability of information and will simplify the protection of intellectual rights.

The IPChain project already unites over two dozen of the largest organisations that produce and intellectual property rights, including Rospatent, the Russian Professors’ Meeting, the National Register of Intellectual Property, Litres, the service of registration and monetisation of intellectual property, Kyrgyzpatent, The Association of Internet Publishers, Immanuel Kant Baltic Federal University, and others.

The IPChain plans to include into the project the Eurasian patent organisation, to create network nodes and a digital repository based on the State Film Foundation of Russia. It will collaborate with the National electronic library and the Media Holding National Media Group.

The IPChain association actively integrates into the project the societies of right holders under the support of the Eurasian Confederation of Societies of Rights Holders. In the longer term, the association plans to copy technologically advanced practices in the regions actively collaborating with the Russian Federation economically, including the Eurasian Economic Union, the BRIC countries, and other associations.