HashCash Consultants, a blockchain development company, has recently <a href="https://www.prweb.com/releases/hashcash_builds_a_blockchain_based_intellectual_property_protection_prototype/prweb18159101.htm" target="_blank" rel="nofollow noopener">revealed</a> the idea behind a blockchain-based Intellectual Property Protection model. The idea, which is still in the stages of development, will be preventing the copying and theft of the original content. 
<h2>HashCash Building an Intellectual Property Protection Prototype Based on Blockchain</h2>
As revealed officially in the recent announcement, HashCash is building an Intellectual Property Protection Prototype, which is going to be based on blockchain and will be making the protection of developed ideas and early concepts for product design and development possible. 

Revealing further regarding the function of the prototype, a distinct hash is generated from every digital artifact in the system and embedded into the blockchain by the decentralized trusted timestamping service to vote for both proof-of-origin and proof-of-existence. 

Once the distinct signature gets recorded in a dealing, it can be traced from where specific contributions originate is characteristic of the blockchain architecture.

The CEO of <a href="https://www.cryptoknowmics.com/news/hashcash-to-develop-defi-lending-platforms-in-cooperation-with-hong-kong-bank">HashCash Consultants</a>, Raj Chowdhury said:
<blockquote>“Theft of ideas and plagiarism of digital content is rampant across platforms. Intellectual Property protection deserves serious thought given the circumstances. Ideas, contents, designs, and storylines are at times worth millions and it is nearly criminal to not credit the earliest ideator.”</blockquote>
<h2>Intentions of HashCash’s Research Team Revealed</h2>
It has been revealed that the research team at HashCash has intentions to cover all forms of digital content within this solution, involving animation clips, digital drawings, and scripts. 

In addition to this, it should be noted that the application is made in such a way so that it is expandable as the team hopes that there would be a range of possibilities to be amalgamated with the layering of IoT and AI with smart contracts on the <a href="https://www.cryptoknowmics.com/news/why-smart-contracts-are-so-important-in-blockchains/">blockchain</a>. 

Raj Chowdhury laid an emphasis on the features of applications based on blockchain and said:
<blockquote>“Inherent features of blockchain-based applications provide the benefits of provenance, traceability, and anti-counterfeit service to bolster the application.” </blockquote>

Blockchain Development Company HashCash Builds an Intellectual Property Protection Prototype

HashCash Consultants, a blockchain development company, has recently revealed the idea behind a blockchain-based Intellectual Property Protection model.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Blockchain Development Company HashCash Builds an Intellectual Property Protection Prototype

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