Making the intellectual property (IP) market more liquid and accessible.
Intellectual Property Coin Group™ (IPCG) is an Ethereum based blockchain platform and related cryptocurrency designed to facilitate Intellectual Property (IP) based transactions, tied directly to global, in-force government issued patents.
IPCG serves both patent owners and coin holders.
Enhanced access to capital combined with simplified standard contracts
Coin holders realize interest dividends and an appreciating asset
Global intellectual property (IP) filings surpassed 3 million in 2016 and grew by 8.3%*
With a market value surpassing $5.5 trillion, IP is among the largest US asset classes
In the US alone, more than $1 trillion is invested annually in the creation of intangible assets
Majority value of S&P 500 companies are intangible assets
While the IP market was estimated to be $5.5 trillion in 2007, only $500 billion in licensing revenue recorded/realized
*WIPO World Intellectual Property Indicators, 2017 p. 29
IPCG presents two products with unique benefits to both patent owners and coin holders.
IP Coins™ (IPC) or tokens are a proprietary cryptocurrency offered as a secured loan to patents owners, providing liquidity to purchase and license further patent rights from third parties.
IPCG IPC Token Product Intro
Unit License Right™ (ULR) Smart Contracts represent a blockchain ledger allowing patent owners to more efficiently license their IP rights creating greater transparency, a secondary market, a clean audit trail and accounting value recognition.
IP COIN LENDING
The Company will issue / lend IPCs to patent owners; IPC loans are secured by the borrowers underlying patents. These patent-backed loans will be funded at the then-current IPC market price, in an amount not to exceed 25% of the appraised dollar value of the patent collateral and at a term not more than 5 years. IPC loans are an interest bearing and may be paid back in IPCs or an approved cryptocurrency based on market pricing at the time of repayment. One-third of interest paid by borrowers will be distributed quarterly on a prorate basis to all holders of IPCs, with the balance of the proceeds used to fund the company’s operations. IPCs used in loan repayment will be returned to the escrow loan pool.
UNIT LICENSE RIGHT
Patent owners can use ULR Smart Contracts to more efficiently license rights to use patent assets and know-how. Estimating the likely future demand for a given technology, Licensors will offer a defined number of ULR contracts to the market at a predetermined price. Blockchain technology and standard contracts allow the patent owner to quickly present this opportunity. The blockchain ledger transforms traditional market practice by allowing the ULR buyer to resell any excess contracts into the market, creating the first true secondary market for patent licenses. IPCG will earn a commission for each new issued ULR Smart Contract; one-third of commissions paid will be distributed quarterly on a prorate basis to all holders of IPCs.
The founders of IPCG are all current or former senior executives with Ocean Tomo, LLC.
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