Recent Development
The World Intellectual Property Organization (“WIPO“) introduced WIPO PROOF on May 27, 2020. WIPO PROOF is a new online business service providing tamper-proof evidence that a digital content existed at a specific point in time and that it has not been altered since that specific time. WIPO PROOF helps creators safeguard their intellectual assets and prevent their misuse and misappropriation at every stage of development, regardless of whether they eventually become formal intellectual property rights as per the laws.
What’s New
The WIPO’s newly introduced service can be accessed from WIPO PROOF’s website and creators can request a WIPO PROOF token for a specific digital file in order to utilize the service.
After requesting the token, WIPO PROOF’s secure one-way algorithm creates a unique digital fingerprint on the file.WIPO PROOF creates a date and time stamped fingerprint of the digital file and acts as sort of a digital notary service. WIPO PROOF is a worldwide service, which is cost-effective and efficient. The WIPO token acts as an infallible proof of existence of the content at a given date and time and can be used as evidence in legal disputes.
WIPO PROOF does not read the digital file’s content or store a copy of the content. The variety of digital content that can be secured is endless: trade secrets, scripts, music, songs, research results, laboratory notes, large data sets, artificial intelligence algorithms or business records. Anyone can validate the WIPO PROOF tokens on WIPO PROOF’s website.
Conclusion
WIPO PROOF will be revolutionary to prove the possession of an intellectual asset and help creators protect their digital content, whether or not they ever become formal intellectual property rights. WIPO PROOF will be a highly effective tool for creating evidence regarding a digital content’s existence at a certain date and time and mitigating potential legal disputes.
