The PlanChain platform includes a Proof of Authorship Engine to create an immutable record of the authorship and ownership of an IP asset (e.g., a copyrighted asset, such as a digital photograph) on the VechainThor Blockchain. After receiving the blockchain certificate, the user may add an NFT of their IP asset to the IP Vault for secure storage or to the IP Marketplace for monetizing their IP. The PlanChain platform will have a partner network of IP professionals around the world. The user will have the option to work with one of our partner IP professionals if the user wants to register their IP in one or more official government offices.

WORK FLOW

  • User upload one or more files associated with IP asset;
  • User provides PLAN utility tokens. Alternatively, fiat or other digital assets provided by user are converted to PLAN tokens.
  • PlanChain uses a SHA-256 algorithm to generate one or more hashes.
  • Optionally use fee delegation (such as MPP for VTHO) or atomic swaps to pay for VechainThor Blockchain gas.
  • PlanChain initiates transaction to generate immutable record on VechainThor Blockchain of the authorship and ownership of the IP asset, including a timestamp.
  • PlanChain generates a blockchain certificate for user to document the authorship and ownership.
  • User has option to create a Non-Fungible Token (NFT) of their IP asset.

After receiving the blockchain certificate, the user may add an NFT of their IP asset to the IP Vault for secure  storage or to the IP Marketplace for monetizing their IP. The PlanChain platform will have a partner network  of IP professionals around the world. The user will have the option to work with one of our partner IP professionals if the user wants to register their IP in one or more official government offices.