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ARTICLE · 31 MARCH 2022

The Convergence Between Blockchain Technology And Intellectual Property Rights

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Blockchain is an evolving technology which enables stakeholders to protect information exchange in sophisticated ways. With the onset of lockdowns due to Covid, work from home has become the new norm.

IndiaTechnology
Archana Raghavendra
Archana Raghavendra
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Introduction

Blockchain is an evolving technology which enables stakeholders to protect information exchange in sophisticated ways. With the onset of lockdowns due to Covid, work from home has become the new norm. This shift in paradigm calls for innovative methods to share valuable data without being tampered in any manner. Blockchain has the potential to transform interactions between multiple industries to be more transparent and secure thus attracting financial players into investing in the technology. For example, blockchain that started as a secured technology for cryptocurrencies has now found application across various industries like healthcare, education, travel businesses so on and so forth. The cryptographic security of data provided by blockchain technology has caught the attention of C-suite executives that implies that most companies are currently patenting inventions involving blockchain technology.

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