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PR: Kakushin – The Future of Multi-Billion Dollar global Intellectual Property Market

Bitcoin Press Release: What is happening is not a surprise, the statics from WIPO shows that the global Intellectual property markets are generating approximately $180 Billion USD in licensing each year. Intellectual property has turned out to be the most critical assets in the 21st century. What used to be a tranquil corner of the …

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Bitcoin Press Release: What is happening is not a surprise, the statics from WIPO shows that the global Intellectual property markets are generating approximately $180 Billion USD in licensing each year. Intellectual property has turned out to be the most critical assets in the 21st century. What used to be a tranquil corner of the tech business is turning into a hot zone in the legal and business worlds. Would you be able to think about a world where I.P is protected with one open blockchain administering millions of dollars in protected rights?

May 30th, 2019. Adelaide, Australia. Kakushin, a decentralised innovation and intellectual property-driven ecosystem has opened the gateway for innovators to list their patents and intellectual property (IP) on the World Intellectual Property Organisation (WIPO), which is a self-funding agency of the United Nations with 191 member states. We know from WIPO data that global IP filing activity has been on the rise. Data indicates that number of patents filed between 2015 and 16, alone saw a 8.3 percent growth.

Intellectual Property on the Blockchain

Intellectual Property filings have been increasing for seven years running. It is amongst this backdrop that Kakushin has greatly reduced the difficulty that innovators face in establishing basic copyright protection for their innovations and for reducing the ill-effects of copyright violations.

Patents are more than just IP protection, they are also valuable assets for the innovators. Kakushin is making it easier for innovators to work together on IP. The project creates an environment where innovators can pitch their ideas and increase their acceptance among investors. This reduces issues related with neophobia. Kakushin eliminates the uncertainty associated with crowdfunding and ushers in an era of transparency. The innovation ecosystem Kakushin is pushing is a blockchain based solution that ensures that investors get a stake in the project that have chosen to support. Innovators are freed from geographic constraints as the ecosystem transcends borders and is a truly global solution.

Kakushin blockchaining IP with WIPO

The patent process itself is also mired with difficulty and navigating this minefield can be challenging for new entrants; make a mistake in the patenting stage and all the hard work of an inventor is squandered. To that end, Kakushin’s partnership with WIPO is vital. WIPO works in creating an effective and balanced international IP system. Member states of WIPO create the bedrock on which the world’s IP system is built,supported by treaties and conventions that are facilitated at this international organisation. While WIPO itself does not grant the patents, which is the responsibility of national or regional patent offices, it does facilitate international patent protection under the PCT system.

Kakushin is the first of its kind all-in-one solution for the innovation and IP industry that will offer an innovative blockchain based environment working with WIPO framework, Kakushin Ecosystem is a Hyperledger based platform that is driven by smart contracts and manual verification of all documents and audit of smart contracts between all involved stakeholders of an IP to safeguard the interest of stakeholders and make IP easily available to be shared with others (may or may not be for monetary benefits) in virtual world. While Kakushin Ecosystem is brand of Prius Labs Pty Ltd, Australia, it follows all the steps and guidelines prescribed by WIPO to be followed in real world.So, Kakushin Ecosystem works as a facilitation service provider to its clients and provides them the services offered by WIPO in real world plus what WIPO and other patent offices are missing a virtual/digital record and smart contract based mechanism, for protection, management and monetization of IPR.

Sachin Bhargava, Co-founder & chief technical officer of Kakushin Ecosystem, said that:

“We want to create a world where an inventive and unique idea will get resources which can bolster the most astonishing innovation fiscally, so that Innovators don’t have to search for anything, Kakushin is a completely integrated platform to turn their idea into viable product”

A Decentralised Incubation and IP protection platform

Kakushin’s blockchain based incubator is powered by a community driven blockchain approach. The all encompassing ecosystem touches all the participants in the entire innovation lifecycle. Kakushin Incubation and Nursing Centre takes a 360º approach to ICOs, from disseminating knowledge, facilitating investments, launching ICOs to providing the ability to track existing ICOs in innovative and eco friendly ideas and products. Kakushin’s approach is essentially centered around efficient market validation and risk mitigation. The integrated exchange, which accepts the Kakushin Token (KKN) allows investors, buyers and inventors to access the entire innovation ecosystem.

As Kakushin is focussed on building a community that supports and fuels innovation, they are taking the crowdfunding approach to support the project. Kakushin’s presale is in progress and is due to end on May 31, 2018. Kakushin has over +18K members in the official Telegram community. The main token sale will start on June 1, 2018 till June 30, 2018. During the token sale 2.4 billion KKN will be sold, which is ERC20 compliant and based on the Ethereum blockchain. There is a soft cap of US$ 4 mln and a hard cap of US$ 30 mln on the sale. A Whitepaper has been released by Kakushin detailing the technical and other aspects of the project.

Visit the Website: https://kakushin.io/#/
Whitepaper: https://www.kakushin.tech/V_1_7_Kakushin_Ecosystem_Whitepaper.pdf
Chat on Telegram: https://t.me/kakushin/
Connect on Twitter: https://twitter.com/kakushinEco
Connect on Facebook: https://www.facebook.com/KakushinEcosystem
Meet the Team: https://www.linkedin.com/company/kakushinecosystem/
Medium: https://medium.com/@kakushinecosysytem
Watch on YouTube: https://www.youtube.com/watch?v=fAj3_eZW4UA&feature=youtu.be

Media Contact
Name: Sachin
Email: [email protected]

Kakushin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

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Bitcoin Price Watch: BTC/USD Dips Remain Supported

Key Points Bitcoin price moved higher and broke a major resistance near $7,650 against the US Dollar. Yesterday’s highlighted major bearish trend line with resistance at $7,645 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may correct a few points in the short term, but dips remain

The post Bitcoin Price Watch: BTC/USD Dips Remain Supported appeared first on NewsBTC.

Key Points

  • Bitcoin price moved higher and broke a major resistance near $7,650 against the US Dollar.
  • Yesterday’s highlighted major bearish trend line with resistance at $7,645 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair may correct a few points in the short term, but dips remain supported around $7,600.

Bitcoin price is building bullish momentum above $7,600 against the US Dollar. BTC/USD remains buy on dips near the $7,600 and $7,500 support levels.

Bitcoin Price Analysis

The past three sessions were positive as bitcoin price managed to gain traction further above $7,500 against the US Dollar. The BTC/USD pair traded slowly higher and broke a few important hurdles near $7,600 and $7,650. There was a proper close above the $7,600 level and the 100 hourly simple moving average. A high was formed at $7,753 and the price is currently correcting gains.

During the upside, yesterday’s highlighted major bearish trend line with resistance at $7,645 was breached on the hourly chart of the BTC/USD pair. If the price corrects lower from the current level, it may find support above $7,600. On the downside, an initial support is near $7,675, which was a resistance earlier. Below this, the 23.6% Fib retracement level of the last wave from the $7,355 low to $7,753 high. However, the most important support on the downside is near $7,600 and the 100 hourly simple moving average.

Bitcoin Price Analysis BTC USD

Looking at the chart, the price is clearly trading with a bullish bias above $7,600. On the upside, a break above the recent high at $7,753 may perhaps open the doors for a push above $7,800. Above this, the next stop for buyers might be close to the $8,000 level.

Looking at the technical indicators:           

Hourly MACD – The MACD for BTC/USD is now back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is moving nicely and is currently well above 55 level.

Major Support Level – $7,600

Major Resistance Level – $7,750

The post Bitcoin Price Watch: BTC/USD Dips Remain Supported appeared first on NewsBTC.

Northern Trust Patents Blockchain Tech to Record Business Meetings

Northern Trust won two patents from the US Patent and Trademark Office on 5 June 2018 for blockchain technology which will record business meetings on an immutable blockchain ledger. Northern Trust is a financial services company headquartered in Chicago, Illinois that has over USD 100 billion of assets and brings in over USD 1 billion …

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Northern Trust won two patents from the US Patent and Trademark Office on 5 June 2018 for blockchain technology which will record business meetings on an immutable blockchain ledger. Northern Trust is a financial services company headquartered in Chicago, Illinois that has over USD 100 billion of assets and brings in over USD 1 billion profits annually.

The first patent describes systems and methods for digital meeting management within a blockchain. A first smart contract is generated at the beginning of the meeting to authenticate and record attendees in the digital meeting using biometric information from attendee’s devices. A second smart contract is generated during the meeting to record actions of attendees including date, time, and location.

After the meeting, a third smart contract is generated which stores post meeting documentation including meeting minutes. A hash is then generated for this documentation, and it is stored permanently on a blockchain after being reviewed by meeting attendees.

Once added to the blockchain the meeting minutes become immutable, providing a permanent record of who attended the meeting, what occurred during the meeting, and promises and decisions made during the meeting. This record is cryptographically secure and cannot be hacked or manipulated at a later time.

The second patent complements the first patent; it describes the technology which will be used to store biometric identification information and documents on the blockchain by generating one-directional cryptographic hashes.

This technology will help reduce fraud in business and ensure that meeting attendees stand by their commitments. It will also help bosses and employees keep track of what happened at each meeting, since they can go back to the blockchain at any time for any meeting in the past. This will be particularly helpful for people that miss meetings.

The digital meeting blockchain technology described in these patents will be helpful for any business or organization that has meetings and is yet another example of an ever-expanding list of real-life uses for blockchain technology.

 

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Ethereum Classic Price Analysis: ETC/USD Facing Tough Resistance

Key Highlights Ethereum classic price is facing a major resistance near the $15.50 level against the US dollar. There is also a key bearish trend line in place with resistance near $15.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may decline once again as long as it is

The post Ethereum Classic Price Analysis: ETC/USD Facing Tough Resistance appeared first on NewsBTC.

Key Highlights

  • Ethereum classic price is facing a major resistance near the $15.50 level against the US dollar.
  • There is also a key bearish trend line in place with resistance near $15.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair may decline once again as long as it is below the $15.50 resistance level.

Ethereum classic price is struggling to gain upside momentum against the US Dollar and Bitcoin. ETC/USD must break the $15.50 hurdle for more gains in the near term.

Ethereum Classic Price Upside Hurdle

After forming a low near the $14.75 level, ETC price recovered and moved above the $15.00 resistance against the US dollar. The ETC/USD pair recovered above the $15.20 resistance and even broke the 23.6% Fib retracement level of the last decline from the $16.45 high to $14.75 low. However, the price faced a lot of barriers near the $15.50 and $15.60 levels.

More importantly, the 100 hourly simple moving average around $15.60 prevented gains. Additionally, the 50% Fib retracement level of the last decline from the $16.45 high to $14.75 low also acted as a hurdle. It seems like the price is facing a tough challenge near $15.50 and it could decline once again. There is also a key bearish trend line in place with resistance near $15.40 on the hourly chart of the ETC/USD pair. As long as the pair is following the trend line, it remains at a risk of more losses back towards $15.00.

Ethereum Classic Price Analysis ETC USD

The chart suggests if the price succeeds in clearing the $15.50 and $15.60 resistance levels, there may perhaps be an upside ride towards $16.20. Further above $16.20, the price may well retest the $16.40 level (the next major barrier).

Hourly MACD – The MACD for ETC/USD is slowly gaining pace in the bearish zone.

Hourly RSI – The RSI for ETC/USD is moving lower and it is about to settle below the 50 level.

Major Support Level – $15.00

Major Resistance Level – $15.50

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