Pitchprotect: Protecting Your Intellectual Property Rights
International Federation of Inventors’ Associations signed a Memorandum of Understanding with Iperial, a company located in Silicon Valley, for sharing a product called Pitchprotect with IFIA members and inventors that helps protect the intellectual property rights of inventors and entrepreneurs who need to share ideas and concepts with partners, customers and others before the patent application process is finalized.
Pitchprotect is built on the technology created by Iperial and filed for a utility patent for the technology, both in the U.S and through PCT. The technology itself deals with chaining together cryptographic hashes (“digital fingerprints”) of documents, and combining these with other information like the personal signature and a time stamp. Using the receipts that the system generates the person who registered a document can prove mathematically that the specific document is signed with a certain signature (like the inventor’s name) at a certain time.
Following a brief function of the system is provided:
- The document’s ID is its digital fingerprint. It can be validated by anyone who has access to the document.
- The signature and the time stamp that, together with the Document ID make up the Registration ID are both printed on the registration certificate that can be downloaded by the registrant. That means that those two items can also be validated by anyone who has access to the certificate.
- The Registration ID is published in a list of hashes that can be downloaded by anyone (please note that the list only contains the fingerprints, not any actual information about the registered content), and the hash of this list is then published in the Blockchain database (the transaction log of all Bitcoin transactions). That means that the list hash can be validated by anyone who has access to the list, and the time stamp of the list hash itself can be validated against the publicly available Blockchain database using well-known tools.