ARTICLE · 18 AUGUST 2025

Blockchain And Web3 As A Platform For Innovation – What Are The IP Challenges?

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Web3 is a term used to describe the concept of a decentralised internet, which is built on distributed ledger (e.g. blockchain) technology being used to immutably and securely store...

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Terence Broderick

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In this note, we discuss the Web3 and blockchain environment, and the challenges of protecting inventions which are developed for this ecosystem.

What is Web3?

Web3 is a term used to describe the concept of a decentralised internet, which is built on distributed ledger (e.g. blockchain) technology being used to immutably and securely store, record and manage the value in tokens which represent assets in digital form. Those assets can represent many things, including access rights, files and legal contracts.

The innovation in the blockchain and web3 ecosystem may be schematically illustrated as three layers, which are illustrated below:

Blockchain

Token generation, management etc

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