We had the privilege to interview Mr. Colin Wu, CEO of Hong Kong IP Exchange, during our recent visit to Hong Kong. The Hong Kong Intellectual Property Exchange (HKIPX) is building IPXE, the world’s first, tokenized blockchain-based, intellectual property rights trading platform. IPXE includes the advantages of traditional asset-backed securities with blockchain technology and digital asset management including IP application registration, crowd funding, trading and other supportive services. The Exchange features easy traceability and irreversibility of records, clear ownership and free circulation of digital assets that provide IP rights solutions of securitization and tokenization. The long-standing issues of the IP rights of circulation, commercialization and industrialization are resolved.
Colin Wu, Chairman of the Board of Directors of the HKIPX, said: “By the end of 2018, the world’s first tokenized IP rights trading platform will be in operation. This global IP ecosystem shall create an open, fair and just platform for IP professionals around the world to contribute, to share and enjoy the success of their efforts. We will spare no effort to promote capitalization, securitization, and digitization of IP securities worldwide. Our mission shall benefit the entire world, the participating country and its people and the businesses. IPXE, the world’s first tokenized IP trading platform is soon coming into being. We are assured that we are in the right era of IP securitization and digitization!”
How could intellectual property dance with blockchain?
Blockchain technology and the token economy provide a brand-new solution to financing via IP rights securitization. Transparency, efficiency, sharing, and decentralization of blockchain are highly compatible with the requirements of IP asset securitization. Using blockchain technology, the authenticity of each asset can be confirmed and shared by all participating parties. Each transfer is faithfully and completely recorded on the blockchain, facilitating the tracking of asset ownership and preventing “selling more than you own“. Transactions on the blockchain are automatically executed through inherent smart contracts to improve transfer efficiency and convenience; tracking and supervision of assets facilitates data analysis and processing. At the same time records on blockchain provide transparency and security for IP rights transactions.
Can you describe the Design of Trading Structure?
IPXE is the world’s first tokenized IP rights trad
What are the highlights and Advantages of Innovation?
IPXE, the world’s first tokenized intellectual property rights trading platform is technically supported by the Hong Kong Intellectual Property Exchange (HKIPX). HKIPX has decades of experience, rich IP resources, and years of technology and experience accumulation in asset securitization. It is the backbone to the new, blockchain-based and token-facilitated IP rights trading platform. IPXE serves IP owners, users, distributors and investors from around the world, breaking the barriers of borders, sovereign currencies and nationality of traditional IP rights
What are the token incentives of the exchange?
Through the token incentive mechanism inherent to the blockchain technology, partici