IPwe leverages smart contracts and Artificial Intelligence (AI) to remove complexity from the annuities process. Our platform combines Accurate IP data and AI-powered decision support giving patent owners the tools to make effective payment decisions. IPwe’s transaction infrastructure enables secure, automated transactions between parties and patent offices with each payment recorded via blockchain technology to provide immutable proof of payment.
IPwe built its innovative new payment solution using IBM’s Hyperledger that offers increased security and significantly reduces costs.
IPwe supports existing service models, enabling patent owners to manage patent payments safely and cheaply with full fee transparency, as shown in the below invoice sample:
If you have any additional questions please contact your IPwe representative or email us at [email protected]
Patent owners have three options:
IPwe gives patent owners and law firms the technology and infrastructure to handle annuities at the same scale and efficiency as the intermediaries:
Portfolio Accuracy, Onboarding
& Data Access
Each contract is handled and managed offline, with limited standardization and no view as to whether each party is getting a good deal.
All contracts are enacted online, with standardized terms. Both parties can benchmark pricing and deal components against the Global IP marketplace
Pricing & Invoicing
Manage via intermediary – invoices and fees are consolidated, but are opaque and difficult to understand, making it hard to see the true price vs, markup
IPwe provides fully transparent, itemized invoices, showing each fee component:
IPwe brings the cost down to a 1% FX fee if you required single currency invoicing. You can opt to pay in local currencies and cut out all currency cost.
Upon request – a combination of PTO receipts (where available) and bank wire transfer proof (which can be difficult to read)
Either you pay in advance or you pay up an additional quarter on the invoice value to your provider for credit terms. Credit is generally capped at 60 or 90 days.
IPwe provides rolling credit terms of 1% per month of the total invoice value. We don’t cap credit terms or how long patent owners can borrow for.