IPBlocks: A Blockchain Ecosystem for Secure IP Registration and Decentralized Marketplace

Intellectual properties (IPs) are crucial intangible assets in today's innovator economy. However, their management suffers from bureaucratic inefficiencies and vulnerability to mismanagement. We introduce IPBlocks, a blockchain-based solution that streamlines IP applications, trading, and royalty transfers through a decentralized marketplace. We develop a set of algorithms that allow users to apply for, publish, auction, and transfer IPs. These processes are designed to ensure enhanced security and transparency. The algorithms are implemented through Solidity on the Ethereum platform. These algorithms exist in a smart contract that is deployed on a blockchain network to interface with a user-friendly web application. Large files associated with IPs are stored in a decentralized file storage system. Our performance analysis demonstrates the system's feasibility and scalability…