Blockchain Integration-IEEE Proceedings (1)
Blockchain Integration-IEEE Proceedings (1)
Abstract— The rapid advancement of Blockchain technology such as finance, wireless connectivity, intelligent vehicle
has led to its widespread application in several domains of digital technology, healthcare, and the Internet of Things (IoT). The
activities, such as e-government concerns and monetary security. conventional social trust mechanisms begins through the
This article presents a smart contract-based Blockchain solution government's endorsement of trust, which fosters social trust.
for protecting intellectual property rights in new product Hence, establishing confidence between two unfamiliar
development. The proposed solution effectively tackles the entities without the involvement of a third party is
challenges associated with the confidentiality of personally challenging. However, Blockchain technology tackles this
identifiable information, efficiency in storing transaction-related
issue in autonomous systems by employing distributed nodes
information, as well as cooperation and monitoring in IPR.
as an authentication and voting method [5, 6].
Initially, we create a mathematical model based on smart contract
enabled Blockchain and intelligent contracts. Subsequently, we The circuit blockchain enables trustworthy trading without
develop algorithms for Blockchain generation, and intelligent the involvement of any intervening power, making it a huge
contracts. The system is suitable for protecting IPR in a change in reliable IP trading. The benefits of implementing
blockchain network, by implementation of distributed identity Blockchain technology for in-circuit copyright protection are
authentication and real-time extensible storage. These features outlined in references [7] and [8], as follows: (1) IP circuit
enhance the security and expandability of circuit copyright trading is characterized by great efficiency and cheap cost.
protection based on blockchain technology. The experimental
Conventional protection of intellectual property (IP) involved
results demonstrate that the suggested algorithm has decreased the
the use of machine clusters to facilitate IP circuit trading,
cost for communication and enhanced the effectiveness of storing
information and administration. Furthermore, it demonstrates which necessitated substantial resources for operation and
resilience against many common attacks such as double-spending upkeep. The blockchain-based approach of intellectual
assaults, while maintaining low cost and overhead. Additionally, it property protection involves the rapid addition of nodes to the
exhibits a superior level of security in comparison to three other distributed ledger using proof of work (POW), proof of stake
competing algorithms. (POS), practical Byzantine fault tolerance (PBFT), and other
mechanisms [9, 10].
Keywords— Blockchain Technology, Intellectual Property
Protection, New Product Development, Decentralized Ledger, IP II. LITERATURE SURVEY
Theft Prevention, Innovation Security The rise in consumer confidentiality breaches and security
incidents in recent years has led to a significant amount of data
I. INTRODUCTION being collected and controlled by potentially untrusted third
The notion of Blockchain emerged from the parties. Blockchain is extensively utilized in the financial
implementation of point-to-point electronic payment systems, sector to guarantee the security of sensitive personal
which was introduced in 2008 [1] [4]. At first, this technique information. In [11] developed a system that converts
was not widely understood or considered. However, because Blockchain into an automated access controller without the
to Bitcoin's solid performance and rapid growth, Blockchain need for a trustworthy third party. This controller performs the
is now garnering attention from several fields worldwide. functions of instructing, storing, querying, and sharing data,
Currently, the Blockchain is being utilized in various sectors specifically to handle the problem of reliable computing.
// Function to register IP
Function Register_IP(Address owner, String details) {
Require(IP_Status == false);
IP_Owner = owner;
IP_Hash = Hash(details);
IP_Details = details;
Registration_Date = Current_Timestamp();
IP_Status = true;
Append(IP_History, ("Registered", IP_Hash, owner,
Registration_Date));
}
Figure 1. The Blockchain-based IPR Protection for New // Function to verify IP ownership
Product Development Function Verify_IP(String ip_hash) Returns (Boolean,
Conceptualization Address, String, Timestamp) {
The genesis of a novel concept or breakthrough. The concept If (ip_hash == IP_Hash) {
is assigned a timestamp and documented on the blockchain to Return (true, IP_Owner, IP_Details,
create verifiable evidence of its development. Registration_Date);
Documentation on Intellectual Property (IP) if IP is found
Comprehensive description of the idea, encompassing } Else {
designs, concepts, and descriptions. Information is encrypted Return (false, Null, Null, Null);
and kept on the blockchain, guaranteeing its permanence and }
authenticity.
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