Coinvision sat down with Erich Spangenberg and Dan Bork, respectively, the CEO and the CTO of IPwe, a new venture creating a blockchain and AI enabled global patent market that has been attracting a lot of attention in recent months. Coinvision: Can you give us a short overview on IPwe? Maybe a little on how you came up with the business? Erich: IPwe is creating the patent asset class. We are using AI and blockchain to answer basic questions about patents – Do they exist?
Better patent your awesome rock band name, before Alexander Reben's website, All Prior Art, algorithmically generates it first. Better patent your awesome rock band name, before Alexander Reben's website, All Prior Art, algorithmically generates it first. Inventors and entrepreneurs have logged years of complaining about the patent system, and there are some good reasons. In 2015, patent litigation rose 13 percent from the previous year according to a study by Unified Patents, and two-thirds of those suits were brought by non-practicing entities, or so-called "patent trolls." Trolls don't make products -- trolls buy up patents so they can sue companies that do actually make products.