Looking at our world today, there is no shortage of ideas, with new ideas emerging every day, no, every hour. But the ideas are much more powerful than they appear on the surface. Keep in mind that with some funding and the help of a strategic team, an idea can become a real thing – a new technology or a solution to a major global problem. With so much value at stake, it’s no secret that it becomes a human tendency to want to learn about ideas.

Unfortunately, it’s often not the original idea’s creator who gets the credit and history has given many examples of this. For example, although Alexander Graham Bell brought the telephone back to life, it was Antonio Meucci who created the first voice communication device in 1871. The difference between the two is Antonio, unlike Alexander, did not pay the full amount required to patent his idea .

Perhaps the worst part is that the invention of the telephone was not a single event. In a more recent example, Meta (former Facebook), a platform that emerged as the largest social network on the planet today, became part of a major lawsuit when the Winklevoss twins sued Mark Zuckerberg for stealing an idea. The twins allegedly partnered with Mark Zuckerberg to help bring their vision to life, an event that later inspired him to secretly develop his own social networking site.

These examples have proven throughout history that one’s ideas (or intellectual property) are not secure on their own. Instead, a single scoring point becomes crucial to validating property in a world of plagiarized successes and misleading credit.

The concept of decentralized technologies such as Non-Foldable Tokens (NFTs) directly addresses these concerns. Each NFT is designed with the ability to retain immutable ownership over a specific instance of the data. To enable wider use of IP NFTs, InvArch is taking the lead in developing a new architecture suitable for Web3. To shed some additional light on this topic, one team member shares that “Instead of trying to define the rules for how IP is managed, InvArch is completely redefining the IP framework so that the rules can be rewritten to empower and protect people for the future. The Internet is changing, the world is changing and now IP is changing. also. ”

The platform now consists of three protocols that enable the network to provide the most flexible system to the users.

Web3 IP
One such protocol is the Invent, Share, Stock, and Invest (INV4), which provides a structure for all assets on the InvArch network. These assets could be any of Web2’s files, folders, and licenses that many are already familiar with, which are then combined with Web3’s non-fungible and replaceable token technologies.

In practice, this becomes apparent in the IPL Pallet, which is a component of the IP licensing protocol. The pallet provides a standardized library of copyright agreements associated with the IP suite.

More information about INVARCH here
Users can take advantage of a catalog of trademark agreements, copyright licensing, and trade secret licensing of exclusive, non-exclusive and sole agreements. As users browse the agreements, they will also come across perpetual terms and features, with original license agreements including Unlicense, MIT License, and General Public License, or take advantage of the option to upload a custom set of terms.

Strengthening the roadmap
On its way to building a Web3 IP foundation, InvArch has had several successes, including a grant from the Web3 Foundation, acceptance into the Substrate Builders program, and raising $1.75 million in a recent initial round.

Looking to the future, the team is sharing highlights on their roadmap, including the launch of Tinkernet Parachain in Kusama, the release of the InvArch network on Polkadot (DOT) and the deployment of their GitArch app, which can be described as a powerful decentralized GitHub application. .

Source: CoinTelegraph