Development of a Blockchain-based System for Safeguarding Knowledge Exchange in open Innovation Networks
Received Date: Aug 01, 2024 / Accepted Date: Aug 30, 2024 / Published Date: Aug 30, 2024
Abstract
The increasing reliance on open innovation networks necessitates robust mechanisms to protect intellectual property and ensure the integrity of knowledge exchanges. This paper explores the development of a blockchainbased system designed to address these challenges by providing a secure, transparent, and immutable framework for knowledge transactions. Blockchain technology, with its inherent features such as decentralized validation, immutable records, and smart contracts, offers an effective solution for safeguarding knowledge, automating agreements, and tracking provenance. The proposed system aims to enhance trust and security within open innovation communities, addressing common issues such as intellectual property disputes and unauthorized access. This paper discusses the potential benefits, implementation challenges, and real-world applications of blockchain in protecting knowledge within collaborative innovation environments.
Citation: Doris K (2024) Development of a Blockchain-based System for Safeguarding Knowledge Exchange in open Innovation Networks. Int J Adv Innovat Thoughts Ideas, 12: 285.
Copyright: © 2024 Doris K. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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