File a patent....
with ease,instantly.
What is Patent Lite?
Patent Lite is a decentralized platform to file patents in no time. It exploits the blockchain technology to produce immutable and safe patents for the users. Filing a patent was never this easy.
Why do you need it?
Drawbacks of current patent filing procedure :
- It takes quiet a long time to file a patent.
- It costs a lot of money to file a patent.
- Maintaining patent records costs a lot to the government.
- Each country has it own protocol and its own database for the patents. To query those, we need to use an external search engine like Google patents.
How our model solves these issues :
- It reduces the time
- It costs just the registration fees.
- Patent records will be well maintained and safe on the blockchain.
- By using our platform, various countries can be united on a single decentralized permissioned blockchain allowing to track the progress.
- The database being immutable serves as a trustworthy proof for legal proceedings.
How does it work?
As this is a permissioned blockchain, the participants are added into the application with roles specified prior to their participation in the blockchain. Only the admin can add other participants and specify their roles. Only the applicant can create an application for patent filing. After initialing the request, the admin accepts it and assigns relevant inspector and appraiser to the applicant for verification. Later the process goes ahead to inspection and subtantive examination. If either the inspector or the appraiser finds some changes to be made, they can rescind the applicaton specifying the corrections. This again leads the application to Active state and the process is repeated. At each point in time the user has the access to take back the application before it is accepted. All these transactions are recorded on the blockchain, making them immutable. This helps in providing proof for legal proceedings if such situation arises.
Who is it for?
Anyone who thinks may have invented something new or has a unique solution to a problem can use our application to patent those ideas easily.