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Decentralising the Patent System

Gaétan de Rassenfosse and Kyle Higham ()

Working Papers from Chair of Innovation and IP Policy

Abstract: This paper proposes a substantive re-think of the modern patent system. The patent system has come under intensive criticism in the past, and many scholars have proposed ways to improve it. Ideas for improvement include, e.g., prior-art bounties, contracting out examination and dynamic fee setting. However, many of these ideas have gone unheeded due to the cost of administering them and the rigidity of the patent system. We explore how distributed ledger technologies enable these major changes.

Keywords: blockchain; distributed ledger; intellectual property; patent; smart contract (search for similar items in EconPapers)
JEL-codes: K11 K23 L24 O34 O38 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2019-09
New Economics Papers: this item is included in nep-ino, nep-ipr, nep-law and nep-ore
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