PATENT COIN BLOCKCHAIN
PATENT COIN BLOCKCHAIN
is an on-line cryptocurrency exhange platform, designed and developed with all the necessary infrastructure to enable trading and transactions through a public exchange used for the conversion of tokens and digital coins to fiat and vice versa.
Patent Coin Blockchain, Inc. (PCB) is in the process of launching and Initial Coin Offering (ICO) that will secure and fight for the rights of intellectual property rights owned by smaller corporations, companies and individuals.
The purpose of this summary is to showcase the ICO’s potential for success and business model thereafter to attract initial private investors into Patent Coin Blockchain, Inc.
In general terms, IP infringement is any breach of intellectual property rights. IP rights are infringed when a work protected by IP laws is used, copied or otherwise exploited without having the proper permission from a person who owns those rights. Examples of an IP infringement are “counterfeiting” and “piracy."
The management of Patent Coin Blockchain, Inc. know this all too well. As executives at Worlds.com Inc. (WDDD) the management team has rights in 10 patents which the corporate executive believe to have been infringed upon by major corporations globally. Based upon industry knowledge, Worlds.com holds, what they believe to be, key patents in 3D online technology. On March 30, 2012 Worlds, represented by Susman Godfrey LLP filed patent enforcement action against Activision/Blizzard.
The Initial Coin Offering will be used to invest in litigation where a major corporation has infringed on the rights of an IP holder. Because the management has used the Worlds.com, Inc lawsuit as a test trail of sorts, it now understand how to proceed through the IP court system and long-tailed nature of lawsuits to extract value from lawsuits that would otherwise be unwinnable due to lack of resources.
Company Description
Patent Coin Blockchain Inc. (the Company) has been assigned 25% of potential settlement proceeds that come from the lawsuit if won. All investors in the ICO will have rights in a portion of this claim as well to any other claims the Company will litigate.
The Challenge
Many smaller companies and entrepreneurs has valid intellectual property rights that are being infringed upon by larger corporations. These large corporation have the budget, manpower and overall resources to litigate these lawsuits for extended periods of time, even if they are wrong. This allows them to continuously steal intellectual property rights from individuals and entrepreneurs with no recourse.
The Solution
Patent Coin Blockchain Inc. will have an ICO for the “Worlds Patent Coin” of which the proceeds will be invested in litigating valid intellectual property claims against major corporations. At inception, the company will continue to litigate the Worlds.com, Inc. vs Activision/Blizzard case which management believes has a good probably of success.
The Company will seek other viable cases in which it will invest litigation resources. Because of the founders’ rich history of patents’ lifecycle management and the privileged position to have experienced the process depicted above, the team has an opportunity to extract the IP value for their holders.
PATENT COIN BLOCKCHAIN
