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Technology Impact on Patents: Blockchain, Artificial Intelligence, Predictive Analytics and Smart-Contracts to Change the Patent Eco-system
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SYNOPSIS
The patent market is massive, but highly inefficient and fragmented. According to the World Intellectual Property Organization (WIPO) there are over $180 billion in annual licensing and acquisition transactions. There are also billions of dollars of additional transactions like the payment of maintenance fees, royalty monitoring, financings and insurance. Patents are a critical asset class that is mis-understood and mismanaged Government and industry spend billions on regulating, obtaining and maintaining patents, but unfortunately patents horribly underperform. Nevertheless, only 2% of patents are licensed or acquired and only 5% find their way into a commercial product. The costs associated with patent transactions average ~40% of the transaction value, making it uneconomic to transact.
This presentation will demonstrate how to use blockchain global registry to improve the transparency and correctness of patent ownership. Thereafter, the case studies through AI embedded system with big data analysis to evaluate patent value and quality will be elaborated. Nevertheless, the smart contracts based on blockchain environment will detail how to perform patent grant, Patent Annuity payment, Patent sale and assignment, Patent License agreement, Patent pool, Pool Title confirmation, Patent based lending, Tokenized patent- based lending, Defense Aggregation, and Mutual non-aggression pact.
Blockchain and Artificial Intelligence (AI) technologies can bring transparency and liquidity in the patent market to execute applications dealing with patents in a transparent, secure and efficient way. Standard Essential Patents (SEP) where the assessment of patents is complex and where the clearing mechanism (i.e. courts) are outrageously expensive and time consuming, modern technologies can contribute to eliminate frictions and provide a level playing field. By applying Global Patent Registry on blockchain for a secure and open registry as well as AI embedded Zuse Analytics to achieve a transparent assessment framework for validity and essentiality, Smart contract can integrate with Global Patent Registry and Zuse Analytics to be a new foundation to declare and assess SEP.
Tokenization on the Global Patent Registry turns patents to be a security token and an investable asset, nevertheless, it further resolves the multiple ownership issue for monetization patents. The integrated application through Blockchain, Artificial Intelligence, Predictive Analytics and Smart-Contracts change the patent eco-system, and we shall witness soon.
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Registration closes on 14 Jan 2019.
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DATE
17 January 2019 (Thursday)
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TIME
12:00pm - 1:00pm (Registration starts at 11.45 am)
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VENUE
Singapore Management University
School of Law
Level 2, Seminar Room 2.05
55 Armenian Street
Singapore 179943
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PROGRAMME
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11:45 am |
Registration |
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12:00 pm |
Seminar commence |
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1:00 pm |
End of Event |
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ABOUT THE SPEAKER

WANG MEI-HSIN
Prof. Mei-Hsin Wang recently published books [Law, Policy and Monetization on Intellectual property] and [Law, Politic and Revenue Extraction on Intellectual property] with former-CAFC chief Judge Rader, former-Japanese IP High Court Chief Judge Iimura and Germany Federal Patent Court Judge Voit and former-presidents of Licensing Executive Society International Prof. Goddar and Prof. Nachtrab by Cambridge Scholars Publishing. Prof. Mei-Hsin Wang received her PhD in Chemistry from Imperial College, University of London under the supervision of Sir./Prof. CW Rees, FRS CBE, the Fellowship from Royal Society of Chemistry (UK), the Chartered Scientist certified by British Science Council, the Chartered Chemist certified by Royal Society of Chemistry (UK), and LLM from SooChow University, and awarded the Albert Nelson Marquis Lifetime Achievement Award in 2017.
Currently, she teaches Chemistry, Legal Issues on Biotech, Cyber Law, and Intellectual Property, Patent Mapping and Licensing related courses at National Yunlin University of Science and Technology. She is the standing committee on Pharma and Biotechnology for The International Association for the Protection of Intellectual Property (AIPPI) from 2017, she also served as the 2014-2015 Vice Academic Chair of Licensing Executive Society International (LESI), the 2014-2016 Academic Committee of International Trademark Association (INTA), the consultant of Intellectual Discovery (Korea), the Chief Editor of Patent Mapping Competition Annual Proceeding, the Associate Editor of International Review of Law Computers and Technology, the adjunct professor at Overseas Chinese University, National Taipei University of Technology, Wang-Chien Law School in SooChow University, Law School in WuHan University, and Intellectual Property College in NanJing University of Science & Technology ; and the visiting professor at National Law University Jodhpur and National Law University Delhi (India), Intellectual Property College of XiangTan University, NanJing University of Science & Technology, and law school of Central China Normal University (China); and the honorary associate professor in Hong Kong University. In addition, she is the researcher at Researching Center of JiangSu IP Development (Nanjing University of Science and Technology), adjunct researcher at Center for Studies of Intellectual Property Rights in ZhongNan University of Economics & Law and Intellectual Property Research Centre in SooChow University, visiting researcher of Hunan Provincial Intellectual Property Information Service Center, guest researcher of Intangible Asset Research Centre in China University of Political Science and Law, and the expert consultant of HuBei Provincial Intellectual Property Information Research Center, and Research expert at WuHan Intellectual Property Research Association in China.
She is the founder and CEO for BioMedical and Technology Application Association, an honorable member of the Professional Technical Committee in ShangHai Executive Licensing Agents Association, a research member of Cosmetic Society of Chemists UK, other memberships including American Chemical Society, Licensing Executive Society China, Korean Commercial Cases Association, Intellectual Property Association of Japan and The Indian Society of Criminology. She was a visiting scholar in United States Court of Appeals for the Federal Circuit (CAFC), Max Planck Institute for Intellectual Property, Competition and Tax Law in Munich (MPI), Center of International Intellectual Property (CEIPI) in University of Strasbourg, N D Zelinsky Institute of Organic Chemistry in Russian Academy of Sciences. Before her full-time teaching at university, she worked for JC IP Group LLC as patent analyst, MSD as new product planning manager, Takeda Taiwan as department manager both in Medical Regulatory Department and Medical Affairs Department, and Microlife as Health Care Business Unit Director.
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This event is supported by the National Research Foundation, Prime Minister's Office, Singapore under its Emerging Area Research Project Funding Initiative.
For enquiries, please email: CAIDG@smu.edu.sg
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