Prior to IPwe, confirming and correcting title for patents was both time consuming and expensive. In early 2019, IPwe will offer the world’s first electronic title verification reports.
Patent owners, licensees, acquirers, counsel and investors will soon be able to identify patent title issues quickly using IPwe Title Reports
Patent owners will be able to correct any title problems quickly, easily and cost-effectively through the IPwe Platform
With IPwe Confirmed Titles and Gold Level Verification, you can be confident when selling, acquiring, financing or transacting in a portfolio that there are no issues clouding ownership
IPwe’s Global Patent Registry, the first publicly available, worldwide, patent and patent publications ownership registry system answers the question of patent ownership. The Global Patent Registry is a blockchain-based system that applies distributed trust and artificial intelligence (AI) techniques to provide reliable title information available to anyone who needs this information. IPwe leverages its deep knowledge of chain-of-title issues, AI and the Global Patent Registry to provide title confirmation services to all market participants including patent owners, acquirers, licensees, counsel, brokers and investors.
Intermediaries, like brokers and counsel, face the same issues as their clients when it comes to chain-of-title issues in patent transactions. The tedious task of reviewing a patent portfolio’s chains-of-title is not a valuable use of time for intermediaries who could instead be applying their resources toward delivering higher-value services to their clients. By handing off title confirmation work to IPwe, the intermediary saves its client money and frees up its own resources for providing its specialized services to clients.
Patent Owner identifies patents included in Patent Owner's portfolio (entire portfolio or segment transacting) and electronically submits to Zuse Analytics and clicks "Patent Title Report"
Zuse Analytics compares ownership records at various Patent Offices and the Global Patent Registry (GPR) and using AI analytics, issues a Patent Title Report indicating any patent ownership title discrepancies identified
Patent Owner electronically selects any patent records it wishes to correct
Smart Contracts are utilized to identify required Patent Office forms and procedures to correct any title defects. The required forms are provided to Patent Owner for completion, review and execution and filing with appropriate Patent Office
GPR is updated