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ARTICLE · 15 JULY 2022

Trademark Protection Within Blockchain Domains

Companies owning trademarks should reserve their trademarks with blockchain naming systems. The risk of infringement of blockchain domain names is real and remedies are limited at this time.

CanadaIntellectual Property

Companies owning trademarks should reserve their trademarks with blockchain naming systems. The risk of infringement of blockchain domain names is real and remedies are limited at this time. Thus, it becomes essential to protect the intellectual property rights of companies preventively within the blockchain ecosystem.

1. Context

Blockchain is a decentralized technology, in that every node (or computer) in the network has access to the full record of transactions. Every transaction is traceable and unforgeable. In this ecosystem, blockchain naming systems (similar to traditional domains, such as .com or .ca) allow, among other things, for companies to more easily identify the wallet to receive or send payments by using a simpler address than the alphanumeric sequence usually assigned to that wallet.

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