Development of a Blockchain-Enabled Patent Management and Marketplace Platform

The client faces high costs and inefficiencies in tracking patent ownership, valuing patents, and managing multi-vendor transactions due to lack of a unified registry system. These challenges hinder effective patent monetization and market liquidity, limiting opportunities for patent owners and potential buyers to connect seamlessly and securely across diverse venues.

A global legal technology company specializing in intellectual property rights management, patent analytics, and monetization services for patent holders, brokers, and potential buyers seeking efficient, transparent, and cost-effective licensing and transaction processes.

• Create a comprehensive, blockchain-based marketplace enabling users to buy, sell, license, and evaluate patents in a unified platform.
• Automate patent ownership verification and maintenance fee payments via blockchain to ensure transparency and reduce manual overhead.
• Implement advanced AI-powered search and analytics tools to assist users in assessing patent relevance, worth, and legal status.
• Develop integrated communication channels such as deal rooms for negotiation and collaboration between patent owners and buyers.
• Ensure scalability and security of the system to support global transaction volumes with reduced costs and increased market liquidity.

• External marketplace for uploading, verifying, searching, and viewing patent details, offers, and licensing opportunities.
• Portfolio management features allowing users to create, merge, and customize patent collections.
• Deal rooms for negotiation, messaging, and sharing documents between stakeholders.
• Automated patent ownership verification and maintenance fee payments integrated with blockchain technology.
• AI-powered search and analytics for patent valuation, relevance, and legal assessment.
• Administrative panel to manage patent listings, verify ownership, and record transactions securely on the blockchain.
• Messaging and file sharing capabilities within deal rooms to facilitate collaboration.
• Integration with external payment systems for streamlined financial transactions.

• Patent database APIs for data enrichment and validation
• Blockchain network for ownership and transaction recording
• Payment gateways for financial transactions
• AI analytics modules for patent valuation and relevance scoring

• High scalability to accommodate increasing transaction volume and user base
• Strong security measures including blockchain encryption and access controls
• System uptime of 99.9% with disaster recovery protocols
• Responsive UI supporting multiple devices and browsers
• Efficient performance with search and transaction processing within acceptable latency thresholds

The implementation of the blockchain-based patent management and marketplace platform aims to automate complex monetization procedures, significantly reduce transaction costs, and enhance transparency in the IP market. Expected outcomes include increased market liquidity, more accurate patent valuation, and expanded global reach—ultimately enabling stakeholders to conduct patent transactions more efficiently, thereby potentially doubling transaction throughput and decreasing associated costs by up to 30% within the first year.