International Business Machines Corporation (Armonk, NY)

A typical operation could include one or more of the following such as identifying an expiration date associated with an asset; creating a Blockchain transaction that identifies the asset along with expiration dates, and storing the transaction on a blockchain; identifying a entity that is requesting access to the asset that have a certificate which grants access to the assets; and providing access to the asset to the entity who requested it if expiration date is not yet completed.

A is used to store any type information. While primarily used to record financial transactions, a blockchain can also be used to store any type information, such as products, packages and services. A decentralized scheme transfers authority and trust to a decentralized network and enables its nodes to continuously and sequentially record their transactions on a public “block”, creating a unique “chain” referred to as a blockchain.Cryptography, via hash codes, is used to secure an authentication of a transaction source and removes a central intermediary. A database maintains a constantly-growing list records within the blocks. The records are safe from revisions or tampering because they are immutable. Each block has a time stamp and a hyperlink to the previous block. The block can be used for tracking or verifying any information. A distributed system requires that all the peers reach a consensus before they can record a transaction on the ledger.

Digital assets can be shared or transferred across many domains. A digital online title, or any other identification document, could be used to identify, share and transfer ownership over a motor vehicle or another motor vehicle in the automotive sector. Another example is the healthcare industry, which creates large quantities of patient records data. Such records may require sharing between healthcare providers but also preserving privacy. This requires the asset sharing to be secure, unchangeable as well as tamper-proof. It must also be distributed to be accessible to different parties.

One embodiment might include one or more of the following including identifying an expiration date that is associated with an asset, making a Blockchain transaction identifying the asset and its expiration dates, and storing the blockchain transactionon the blockchain, identifying a request entity with a certificate granting access to the asset, and providing access to the entity that has access to it provided that the expiration is still in process.

A different example of embodiment could be an apparatus with an operating system that can perform one or more of identify an expiration date that is associated with an asset, generate the blockchain transaction that is able to identify the expiration date and the asset and store the blockchain transaction on a blockchain identify a requesting entity with a certificate that permits access to the asset, and then provide the entity requesting access with access to the asset if the expiration date is waiting.

Another example embodiment could provide an untransitory computer-readable medium that holds instructions that, when executed, cause a processor to do one or more of the following: identifying an expiration day associated with an asset; creating a Blockchain transaction, identifying the asset and its expiration dates; recording the blockchain transaction onto the blockchain; identifying entity that is requesting the asset with a certificate permitting access the asset and granting access to the asset the requesting entity as long as the expiration is not over.

Click here to view the patent on USPTO website.


Get Patents with PatentPC

What is a patent?

The government grants patents to protect an invention, patents give the inventor exclusive rights to develop, utilize, sell and promote the invention? society benefits when a innovative technology is introduced into the marketplace. Benefits can be realized in directly, in that it may allow people to accomplish previously unattainable things, or indirectly, due to the opportunities for economic growth (business expansion and job creation) which the invention provides.

Patent protection is demanded out by many pharmaceutical companies and university researchers to protect their research and development. Patents can be granted to the physical or abstract nature of a process or product, or even an approach or composition of material new to the field. Patent protection has to be granted to any invention that is valuable unique, innovative, and not already known by others in the same area.

Patents recognize and honor inventors who have commercially profitable inventions. They serve as a motivator for inventors to invent. Patents allow entrepreneurs and inventors to know that there’s a good chance they will be paid back on their time, effort and money spent on technology development. They could earn a decent income by their work.

Patents play essential roles in companies, and they can:

Secure innovative products and services;

Enhance the visibility and worth of your products ‘ presence on the market

Your business and your products should be distinguished from the competition;

Get business and technical details.

Beware of using content from third parties or losing valuable information, innovative outputs or any other creative output.

Patents transform inventors’ knowledge into a commercially tradeable asset that opens up new possibilities for job creation and expansion of businesses by licensing or joint ventures.

Investors who are involved in the development and commercialization of technology will appreciate small companies with patent protection appealing.

Patents can help develop new ideas and inventions. This information could encourage innovation and may qualify for protection under patents.

Patents can be used to prevent untrustworthy third parties from profiting from the invention’s efforts.

Patent-protected technology that is commercially profitable may be used for financing technology research and development (R&D) which can increase the chance of better technology in the future.

It is possible to leverage intellectual property ownership to convince lenders and investors that your product is a viable commercial value. A single patent could open the door for many financing options. Patents as well as other IP assets are able to be utilized as collateral or security for debt financing. Investors may also be able to see the patents you own to increase the value of your company. Forbes and other publications have pointed out that each patent can increase the value of a company by anything between $500,000 and $1 Million.

A well-designed business plan is essential for start-ups. It must be founded on IP and demonstrate what your service or product is distinctive. Investors will also be amazed if your IP rights are secured or are in the process of becoming secure, and if they are in line with your business plan.

It is crucial to keep your patent protection applications confidential If you are the inventor of an invention. Public disclosure of an invention can often damage its novelty and make it invalid. The filing of disclosures prior to filing, for example, for investors, test-marketing, or other business partners should be done only following the signing of a confidentiality agreement.

There are many types of patents. Knowing them is essential to safeguard your invention. Utility patents protect new processes and machine creations. Design patents cover ornamental designs. Utility patents are the most effective and shield the owner from copies and competitors. They are typically granted to enhance or modify existing inventions. Utility patents also cover enhancements and modifications to existing inventions. A process patent could cover the acts or methods of performing a particular act. However, a chemical composition would include the combination of ingredients.

What’s the duration of a patent last? Although utility patents are valid for 20 years from the date of their earliest filing, they can be extended through delay at the Patent Office.

Are you interested in the patenting of your idea? Since patents are only granted for applicants who are first to file You must file quickly – call PatentPC to speak with a patent attorney PatentPC to patent your idea today!

Patent searches are an essential step when you are preparing a patent application. This will enable you to look at other ideas and give you an insight into their inventions. You’ll be able to narrow down the nature of your idea. Also, you can learn about the latest developments in the field you’re inventing. This will help you to comprehend the scope of your invention and help prepare you to file the patent application.

How to Search for Patents

Patent searches are the initial step in obtaining your patent. You can do a google patent search or do a USPTO search. After the patent application has been filed, the product that is covered by the patent application could be referred to as patent-pending and you will be able to locate the patent application on a public pair. After the patent office has approved the patent application, you are able to do a patent number search to locate the patent issued and your product has been granted patent. Alongside the USPTO search engine, you may also use other search engines like espacenet, which is described below. For assistance, consult an attorney who specializes in patents. In the US, patents are issued by the US patent and trademark office, or the United States patent and trademark office, which also reviews trademark applications.

Are you interested in similar patents? These are the steps to follow:

1. Think of terms to describe your invention based on the purpose, composition and use.

Start by writing down a succinct and precise description of your idea. Avoid using generic terms like “device”, “process,” or “system”. Think about synonyms for the terms you chose initially. Next, take note of significant technical terms as well as keywords.

To help you identify the key words and concepts, try the questions below.

  • What’s the goal of the invention? Is it a utilitarian device or an ornamental design?
  • Is the invention a way of creating something or performing an action? Is it a product or procedure?
  • What is the composition and function of the invention? What is the physical composition of the invention?
  • What’s the purpose of the invention
  • What are the terms used in technical terminology and key words that define the essence of an invention? To find the correct terms, consult a technical dictionary.

2. Use these terms to search for relevant Cooperative Patent Classifications at the Classification Text Search Tool. To find the most appropriate classification for your invention, scan the classification’s class Schemes (class schedules). You may want to consider substituting the terms that you’ve used for describing your invention, if you don’t find any results in your Classification Text Search with synonyms similar to the words you used in Step 1.

3. Go through the CPC Classification Definition for confirmation of the CPC classification you found. If the selected classification title is a blue box that has an “D” on its left, clicking on the link will lead you to the CPC classification definition. CPC classification definitions can be used to determine the scope of the classification which is why you can be sure to select the one you consider to be the most appropriate. In addition they can provide research tips and other suggestions that could be helpful in further study.

4. Find patent documents that have the CPC classification from the Patents Full-Text and Image Database. By focusing your search on abstracts and representative drawings, you can narrow down your search to the relevant patent documents.

5. This list of patent publication is the most appropriate to check for connections with your invention. Pay attention to the specification and claims. Refer to the applicant and patent examiner to obtain additional patents.

6. It is possible to find patent applications published in the past that match the CPC classification you chose in Step 3. You can use the same method of search in Step 4 to narrow your results to the most relevant patent applications through the abstract and representative drawings that appear on each page. The next step is to review all published patent applications carefully with particular attention paid to the claims as well as other drawings.

7. Find additional US patents by keyword searches in the PatFT and AppFT databases, classification search of non-U.S. patents using the below, and searching for non-patent publications of inventions with internet search engines. For example:

  • Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
  • Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
  • Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.

To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.