Lam Rui Rong discusses the use of blockchain technology
in the protection of intellectual property.
Blockchain is known as the technology underpinning the Bitcoin
cryptocurrency. Cryptocurrencies are intangible and have no
physical representation. A claim to a cryptocurrency can only be
proven by an entry in the Blockchain ledger.
Similarly, intellectual property rights are also intangible
rights. A claim over certain types of intellectual property, such
as a patent, trademark or industrial design, is usually proven by
an entry in a register kept by the intellectual property authority
such as the Intellectual Property Corporation of Malaysia
("MyIPO"). In Malaysia, the prima facie evidence
of your rights over the aforesaid intellectual property rights
would be an entry in MYIPO's registry which proves that you are
a bona fide proprietor of that right.
