Blockchain: keeping track of the digital ledger

There are many unanswered questions about exactly how the disruptive technology blockchain will work in practice, but there are likely to be implications for IP, as WIPR finds out.

There’s an incredible amount of potential for blockchain technology in the IP world, from registries to licensing to anti-counterfeiting actions.

The technology began life as a fundamental component of bitcoin, but it can be applied beyond the digital currency.

“Blockchain is a new way of storing data that allows all parties to have an accurate and shared source, without the need for a single gatekeeper,” says Marc Kaufman, partner at Rimon.