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Case Study:

Customized Blockchain Technology for Submissions at the Website to Protect Intellectual Property

Project Background Save Ideas is a company that has created a free global platform where anyone can save and protect their intellectual property, exchange ideas, communicate with others, and attract promoters, customers, and investors. The platform has been in use since 2015 and was ready for expansion.

Client’s Request As the company largely deals with intellectual property (IP), it needs to provide protection for users’ ideas, solutions or any other kinds of IP. For this purpose, the client decided to introduce blockchain along with a smart contract system.

Market Demand The client’s rapidly growing user base demanded a higher-end technical solution to manage Big Data with enhanced security and data quality. Blockchain, together with smart contracts, was exactly what could help meet the requirements of a project such as this one.

Challenge

To develop a private blockchain system to store website submissions, with due consideration for ICO functionality.

Solution

To provide security, the blockchain Ethereum technology will be provided, within which smart contracts will operate to store users’ ideas.

TECHNOLOGIES TO IMPLEMENT
The blockchain technology by Ethereum

It allows the development of applications with no possibility of misrepresentation, restriction or outside interference, making the whole process more efficient and secure.

A high-level programming language Solidity

It is used for the development of smart contracts and interaction with other contracts.

REST Services

It is used for integration of the Blockchain functionality to the Save Idea Web Portal.

“Blockchain is on everyone’s lips, yet almost no one is ready to take responsibility for its development. Guided by the principle ‘Best Technologies,’ I have risen to the challenge of helping those who really needed blockchain. The platform Save Ideas inspired me with its mission, and the K&C team and I are ready to support the company along the whole path to a new technology.”
Michael Krusche photo
Michael Krusche
Founder and CEO I K&C

Benefits

Transparency. Users or developers are enabled to change the blockchain at their own discretion, but at the same time, it makes it incredibly difficult to imperceptibly change previously registered data. The latter circumstance makes blockchain a particularly reliable technology.
Decentralization. Technology does not involve a central server where all the data is stored. Instead of running a large data center and conducting all transactions through it, information is distributed across different servers around the world, and this ensures that even if this information gets out, only a small amount of data will be compromised, not the whole network. This will guarantee the doubled protection of users’ ideas, solutions, or any other intellectual property.
Autonomy. The procedure for creating and concluding a smart contract does not need the involvement of a broker, a notary, or a banking organization. This saves time and money of the platform’s users.
Maximum of accuracy. It is achieved through a minimized influence of the human factor on the points of the smart contract.
“We wanted to leverage distributed ledger technologies and deliver blockchain benefits to users of our free online platform for protection of ideas and intellectual property rights. For this purpose, we have chosen K&C as our dedicated partner, as they offered over 20 years of expertise and experience of working with leading companies, demonstrating agile cooperation and timely fulfillment of their commitments. We started with initial workshop and within only 3 weeks K&C team delivered a minimum viable product for Ethereum blockchain project and set up Smart Contracts with Solidity. We’re very happy with the advanced tech stack offered by K&C and already look forward to further cooperation for our envisaged ICO.”
Prof Dr Hazbo Skoko photo
Prof Dr Hazbo Skoko
Founder & CEO I Save Ideas
Values to Be Gained
Trust and confidence. Transparency is exactly what is provided by blockchain technology, as well as a smart contract, and will create an additional layer of reliability between the platform’s users.

Direct communication. Blockchain eliminates the middlemen in the course of communication. That means that all processes within the platform will be going faster, saving time and money.

Branding. With blockchain technology, the client will get not only a means of security, but a strong basis for PR campaigns.
Expected results
A fully-developed technical solution based on an Ethereum blockchain technology that will allow for seamless implementation of smart contract technology and meet the current technical needs for an online platform.

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