IdeaBlock provides a platform for innovators to protect their intellectual property (IP). The platform uses blockchain technology to record transactions in a way that is public, distributed, and decentralized. This technology is immutable, helping to avoid disputes and eliminating third-party involvement. In addition, IdeaBlock also offers a way to establish a timestamped proof of invention or creation, enabling innovators that may not have the resources to file a patent or needing to wait several years to register a trademark.
The company operates under a SaaS-tiered subscription model, with a free tier for solo inventors or artists that allows up to three free uploads and a paid tier starting at USD 100 per month for up to 50 employees, followed by more customizable offerings for larger enterprises. Unlike traditional IP protection methods, which can be viewed as "offensive" due to their process of legally staking a claim with a governmental agency, IdeaBlock takes a "defensive" approach. Once an idea is uploaded and managed on IdeaBlock's software suite, no one else can claim that IP and block the original innovator in the future.
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