Roscosmos uses Blockchain to Protect Intellectual Property

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Roscosmos wants to protect its intellectual property rights with blockchain technology. The agency started testing an IP protection solution based on the Waves Enterprise blockchain platform, a hybrid blockchain platform developed by the eponymous local blockchain firm. The blockchain-based tool detects violations of IP belonging to the space agency and other industry-related organizations.

Roscosmos can reportedly maintain as well as verify a database of IP data objects. Russia’s space agency also can cooperate with IP experts, such as lawyers, patent specialists, and auditors.

The IP protection solution also enables Roscosmos to provide non-monetary rewards for detecting IP infringement cases through smart contracts. Network participants will receive “cosmotokens” that they can later exchange for merchandise from the space agency and other space industry-related organizations.

Blockchain technology and Russia

The tool at the moment is in beta testing, with the Russian space agency being the first organization to test the service. This blockchain-based tool is expected to fully launch in summer 2021.

In the past, Waves took part in many blockchain-related projects in Russia, including state-backed initiatives. In 2020, the firm provided its blockchain expertise to power a blockchain platform for Russian parliamentary elections. The firm also provided its technology to national energy grid operators.

Major local bank Alfa-Bank also implemented the Waves Enterprise blockchain platform. The bank decided to use blockchain-based applications to automate services for freelancers as well as self-employed workers. The target audience of this service is quite broad and includes taxi drivers, cleaning and repair services, tutors.

Alfa-Bank’s new service takes care of the entire process of registration and remuneration for self-employed individuals. The service includes payments settlement, income registration and tax payments. This service is made up of two applications including the enterprise-focused “Alfa.Corporate” and “My platform” for individuals. The Waves blockchain technology provides a secure data exchange between the bank as well as a business. It also provides transparent and immutable data storage.

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