Vaultitude (IP Token): Blockchain IP Protection Management Software?
Formerly identified as IPCHAIN Database, Vaultitude is an Intellectual Property (IP) management and protection platform that implements blockchain technology. Through its new standards of IP management and protection, the platform provides innovators, artists, inventors, scientists, and companies with an effective tool containing different core features.
What Is Vaultitude?
Vaultitude is compatible with all kinds of intellectual property such as inventions, original literary and artistic works, concepts, non-disclosure agreements, sale contracts, and ideas.
Vaultitude will provide proof of ownership and protect the interest of users through its blockchain technology that is an unalterable ledger, where documentation of the creation and changes to the IP takes place. This will offer users with a fast, easy, safe and cheap way to deal with the issues and costs they experience while trying to obtain and defend Intellectual Property.
How Vaultitude Blockchain IP Protection Management Software Works
Publications of Intellectual Property on the platform comply with all the criteria for evidence publication and international classification guidelines that have set by the World Intellectual Property Organization (WIPO). Therefore, the publications could be useful in legal proceedings or in international patent and trademark offices.
Apart from documenting Intellectual Property and providing proof of ownership, Vaultitude will enable innovators to safely share, store, and mange IP and document the transfer of the IP rights after they are sold or licensed. This will address the need innovators often have, of a safe way for sharing, selling, and licensing of IP.
Third parties like examiners, patent offices, inventors, researchers, librarians or attorneys can also access publications in Vaultitude’s Blockchain database through the semantic search and analysis engine that meets the court standards of proof. It also has a technical interface that enables patent and trademark office examiners to use their own Meta search systems.
In order to access the services of the Vaultitude, users will have to acquire the platform’s utility token known as IP tokens during the Initial Token offering.
Secure Storage And Sharing Of Intellectual Property
All types of IP are securely stored in a digital vault where the data is not corruptible, and cannot be destroyed or stolen. Users can also share the IP by sending a link to the third party who will only access the data after signing a Non-Disclosure Agreement recorded on the blockchain.
Proof Of Authorship
As the platform provides proof of authorship that is valid in legal proceedings, solving disputes takes shorter durations and copyright infringing content is brought down faster therefore avoiding costs.
Selling And Licensing Of IP
Innovators can access the platform’s marketplace sell and transfer ownership of IP. The transactions are secure since they are all documented on the blockchain.
The platform offers users with the opportunity to find experts who can help them in filing of patents or trademarks.
Vaultitude IP Token ICO Details
Parameters Of The ICO
- Token: IP
- Hard Cap: 20,000,000 USD
- Total Tokens: 15,000,000
- Number of Base Tokens for Sale: 8,500,000
- Bonus Tokens (incl. Strategic Fund): 1,500,000
- Project Fund (team & development): 5,000,000
- Tokens available in Pre-Sale: 7.5% of Base Tokens