Blockchain & Intellectual Property

Blockchain & Intellectual Property

From Lab to Market.

 

Blockchain technology is immutable, auditable, transparent and allows to reduce the number of intermediaries. Different types of data can be logged to a blockchain, from transaction information to photos, videos and design documents, therefore its use cases are numerous.

 

For the second edition of the Geneva Blockchain Congress held on the 20th January, on the thematic from Lab to Market, the subject of Illicit Trade & Counterfeiting was discussed by several actors during round tables and conferences. To that end, it is interesting to raise the solution that blockchain can bring to fight the infringement of Intellectual Property. One of the practical applications that was brought up during the Geneva Blockchain Congress was blockchain for intangible assets.

 

This is what Wecan Protect offers. A platform that provides registration of intangible assets, based on an easy-to-use blockchain solution, with global and immutable validity. The solution was presented during the Geneva Blockchain Congress as a response to the lack of international and inexpensive solution to timestamp and evidence unregistered IP rights and intangible assets. The solution will be officially launched during the first semester 2020, getting out from the lab to go on the market.

 

It has been noted that 84% of the value of the S&P 500 is made of intangible assets. However, alongside those which are officially registered (patents, trademarks), there are many other assets which are protected by intellectual property (copyright, trade secrets, designs) but which are not registered, or which are excluded from any intellectual property registration or protection (contracts, confidential information, etc.) even if other grounds for legal action exist.

 

For these unregistered intangible assets, which are the fastest growing ones, it is important to provide a fast, easy-to-use and cost effective solution to evidence their date of creation, ownership or communication to third parties. Use cases abound in the areas of research and development, open innovation, design, content production, education or legal technology, for innovative start-ups and SMEs, or large international companies that have to manage huge volumes of unregistered intangible assets.

 

The benefits of blockchain include evidence of anteriority, record keeping, control and monitoring of distribution, trading of rights, establishment of IP contracts. In fact, timestamped ledgers created by the blockchain cannot be changed retroactively, making it easier for owners to claim rights as it provides proof of creation, ownership and communication. Blockchain can also be used to secure digital identities, and to integrate with anticounterfeiting, notarization, legal action, licensing or financing services.

Tokenisation: quels challenges avant l’adoption dans notre quotidien?

Tokenisation: quels challenges avant l'adoption dans notre quotidien?

Chronique Blockchain. La tokénisation permet de cumuler les avantages d’un protocole blockchain, notamment l’absence de papier.

 

La technologie des registres distribués promet une révolution des échanges permettant de passer d’un échange d’informations centralisées à un échange de pair à pair décentralisé permettant des transactions de valeur, stockée de manière digitale et sécurisée.

La finance est ainsi l’un des domaines le plus évident quant à l’application et la concrétisation de tels applications et notamment via la tokénisation d’actifs.

La tokénisation, soit le processus d’inscription d’un actif et de ses droits sur un token ou « jeton numérique », permet de cumuler les avantages d’un protocole blockchain, notamment l’absence de papier, tout en conservant les caractéristiques de l’actif. On fait souvent le parallèle avec le fait que la digitalisation des actifs, permise par la tokénisation constitue le pendant de la digitalisation de l’information permise par Internet.

 

Automatisation, instantanéité, liquidité, transparence, frais de transaction quasi-nulles, audit facilité: les promesses de la tokénisation sont nombreuses.

Cependant entre la théorie et la pratique il existe encore un écart important qui nécessite d’être réduit afin de bénéficier de toutes les opportunités offertes par cette technologie.

La tokénisation se heurte actuellement à plusieurs obstacles avant qu’elle ne vienne s’immerger dans nos transactions quotidiennes.

Il existe aujourd’hui deux vitesses: celle de la technologie et celle de la régulation qui peine encore à s’adapter aux contours du monde de demain. Les lois existantes doivent être adaptées au virage technologique qu’offre la blockchain or les institutions centrales et les administrations défendent leur rôle d’intermédiaire.

Les opportunités qui découleront d’une adaptation des régulations permettront de rendre la tokénisation plus adaptée à un usage quotidien notamment avec la création d’un marché secondaire plus dynamique, par opposition aux blocages qui vont de pair avec le capital-risque. La gestion et la revente des jetons seront donc essentielles afin d’apporter une réelle liquidité au marché. Le marché secondaire est à l’heure actuelle encore une étape complexe de par la création d’une place de marché régulée en phase avec cette technologie.

 

Avec la décentralisation des échanges vient également la question de la responsabilité individuelle. En effet sans intermédiaires, les individus sont alors les seuls responsables de la détention et du stockage de leurs jetons. Il existe un problème de « user-friendliness » quant aux solutions de stockages des clés privés qui représente un frein à l’adoption. De manière générale, nous sommes aujourd’hui encore dans une phase d’éducation des individus face à cette technologie.

L’adoption massive de la tokénisation d’actifs traditionnels prendra encore sans doute quelques années avant que les régulations et l’éducation soit en adéquation avec les opportunités offertes par la blockchain.

Cependant le mouvement est déjà en marche avec l’arrivée des premières plateformes de tokénisation. C’est notamment le cas de Wecan Tokenize, un système pionnier qui permet de tokéniser des actifs s’adressant aux promoteurs immobiliers, aux fonds d’investissement et au private equity. Quant aux investisseurs, ils peuvent d’ores et déjà participer et se familiariser avec la finance de demain à travers un processus d’investissement entièrement numérique, du contrôle KYC à l’investissement.

La tokénisation constitue l’une des plus grandes opportunités des marchés financiers, et c’est maintenant qu’il faut s’y préparer. Pour faire avancer les choses, il est essentiel d’éduquer, se familiariser et nouer des partenariats afin de créer des écosystèmes capables de dessiner le monde économique de demain.

 

The Capelli real estate group closes its first tokenisation operation with Wecan Tokenize

The Capelli real estate group closes its first tokenisation operation with Wecan Tokenize

“The Capelli real estate group, with more than 40 years of experience and recognized for its ability to innovate, has carried out its first tokenization operation to finance part of the property development of the Domaine d’Hestia in Saint André Lez Lille for €3.1 million. Qualified investors who subscribed to this bond issue received in return “tokens”, digital tokens registered on the blockchain, bearing a fixed yield of 7.5% per year. The CAPELLI Group relied on the Wecan Tokenize tokenisation platform to carry out this operation.

 

The Hestia estate in Saint-André-Lez-Lille, an emblematic project.

 

 A vast programme to transform a 7-hectare site formerly occupied by a hospital on the outskirts of the Lille metropolis, the architectural complex “Le Domaine d’Hestia” was designed by the architect Jean-Michel Wilmotte. This mixed programme includes the rehabilitation of existing buildings dating back to 1900 and the construction of new residences organised in micro-neighbourhoods. The estate will eventually house more than 450 apartments and a senior service residence.

 

 

Real estate investments on the blockchain.

 

 

The transaction was financed in less than a week by a dozen investors who were attracted by this new investment experience, combined with the guarantee provided by a group in perpetual growth.”We are delighted to have contributed to this great project. By relying on renowned players such as the Capelli Group, Wecan Tokenize is proving its ability to position itself as a pioneer in asset tokenization and to democratize this technological breakthrough with confidence thanks to a 100% digital platform that secures exchanges,” concludes Sébastien Flak, Managing Partner of Wecan Tokenize.”

Wecan Tokenize annouces the succes of its first listings for an amount of 11 millions euros​

Wecan Tokenize annouces the succes of its first listings for an amount of 11 millions euros

Wecan Tokenize, a specialist in blockchain solutions for real estate, has just

completed a first transaction on its platform for €11 million, issued in digital tokens.

Officially launched in early October, the platform has completed in just a few days the

financing of two buildings located in the heart of Lisbon (Portugal).

WeCan.Fund changes name to Wecan

WeCan.Fund changes name to Wecan

The world is undergoing profound upheaval with the emergence of the blockchain. Characterized by tokenization and the development of decentralized solutions, distributed registry technology challenges social, economic and technological fundamentals. In order to accompany this transition and to create together the ideas of the future, WeCan.Fund, building on its 2018 performance, is revising its brand architecture and becoming Wecan.

 

 

A vision

 

“More than ever before, the decentralized value transaction is a reality for which we have great ambitions and a great responsibility. To accompany these new challenges and accelerate our development, we have decided to give Wecan Group a boldly named parent brand, Wecan. Simple and strong, the brand stands for innovation and embodies all of our values and activities. We are thus affirming the ambitions and the dynamic of change that we are driving with our first three solutions: Wecan Fund, Wecan Tokenize and Wecan Wine. “said Vincent Pignon, CEO of Wecan Group.

 

 

One brand

 

With this mother brand, which advocates the first person plural, Wecan conveys the message that the block is everyone’s business: employees, shareholders, partners or customers, everyone is the architect of a desirable future. Together, everyone must act, be optimistic and collectively seek solutions that will change everyone’s daily life for a better social, economic and technological balance.

Graphically, the evolving shape of the logo represents the growing influence, reflecting the activities and dynamism of the brand. It opts for a contemporary and easily identifiable typography that reinforces the brand’s image. “The new name, the new logo, and the multiple ways in which our brand has been translated into a variety of solutions embody an identity that conveys a positive and optimistic vision of the future. “continues the CEO.

 

 

An infinite number of solutions

 

In order to build on the achievements of previous years, the Group’s 2019 strategy aims to develop joint ventures with strategic partners in a relatively short period of time. The first solutions deployed already reflect the development potential with projects such as financing platforms with GIS and ICRC (Wecan Fund), real estate and asset tokenisation with the Capelli Group (Wecan Tokenize) and the wine industry with Domaine du Pa- radis (Wecan Wine). These solutions solve problems of fraud, traceability, transparency and liquidity while reducing transaction costs. This strategy in terms of brand architecture and intellectual property heralds a new era for the group: to create revolutionary solutions with diverse and varied partners.

“We are celebrating the emergence of a brand with infinite solutions that are destined to multiply, learn from each other and have a positive and lasting impact,” says Vincent Pignon.

WeCan.Fund announces a 7-digit financing round to drive its growth

WeCan.Fund announces a 7-digit financing round to drive its growth

Wecan.Fund, announces a 7-digit financing round with the Capelli Real Estate Group, Hyposwiss Bank, the Request Network Foundation, a reference in the blockchain ecosystem, the communication company Buxum, and the Wecan.Fund. and private investors.

 

 

First Geneva-based company to contribute digital tokens

 

Part of the fundraising was done in kind in the form of digital tokens. This is a desire on the part of WeCan.Fund, in line with its field of activity, and a first in the canton of Geneva. In Switzerland, no company had ever before made a contribution in digital tokens for a capital increase. The steps involved required a great deal of coordination between the various experts involved, from the notary to the auditors and the administration of the Commercial Register.

 

 

Anticipating the volatility of the cryptomoney industry

 

Particular attention was paid to the calculation of the amount of the tokens as well as the margin to be applied to protect against the volatility of digital tokens. A meticulous analysis of the price fluctuation has been carried out in order to ensure that the investor and WeCan.Fund have a sufficient margin between the contribution of the digital tokens, the general meeting and the registration in the Trade Register. The planned contribution was thus increased by 15%.

 

 

Many new developments

 

In the 24 hours prior to the general meeting of shareholders ratifying the fund-raising and registration with the Commercial Register, the crypto-currency market was subject to very high volatility. The majority of chips lost more than 20% of their value, thus invalidating the announced investment. The blockchain made it possible, in a very simple way, to invest an additional amount and margin of tokens in a few minutes. The registration in the Commercial Register and the capital increase were finally validated in time.

WeCan.Fund is convinced that digital token contributions will be increasingly used. Switzerland has what it takes to become the leading location for block and tokenization of real estate. In this context, the company is determined to contribute to the competitiveness of the financial centre both in terms of innovation and added value.