State Sponsored Blockchain Initiatives Strive to Protect and Encourage Intellectual property in Uzbekistan

October 24, 2018 / by Angel Reyes

In a post-Soviet era, individual liberties and properties hold a strong value in the hearts of Uzbek Citizens.

On Tuesday, Oct. 16, Russian intellectual property startup, Russian National Intellectual Property Transactions Coordination Center (iPChain) signed a deal with Uzbek officials to begin developing a blockchain for copyright records. Uzbek Officials from national capital, Tashkent, met with iPChain President Andrey Krichevsky during Moscow Open Innovations Forum to discuss decentralized approaches to copyright records in Uzbekistan.

Both parties aim to provide a moving force in monetization of intellectual property rights in Uzbekistan. “Scientists, inventors and people of creativity, as a rule, do not always clearly understand how to monetize their intellectual property,” said Jasur Zahidov, head of the innovation department of Tashkent city government. “Now they will know that copyrights work and can to generate income.”

Uzbek intellectual property holders will be better protected in both Uzbekistan and Russia. Blockchain integration will allow verification of ownership and security of data for holders of patents and copyrights. iPChain’s first steps are to visit Tashkent in the near future and begin the digitization of existing patent data.

Uzbekistan has been taking other measures to promote blockchain development in the country. In July, a document titled “On Measures for Digital Economics Development in the Republic of Uzbekistan,” was signed into effect by president Shavkat Mirziyoyev. Its goal is to start to integrate blockchain services for international clearing facilities and lending and trade finance by 2020.

Mirziyoyev also stated the establishment of a state-sponsored blockchain development fund called the “Digital Trust.” The fund exists to create decentralized solutions for healthcare, education, and cultural promotion.

Krichevsky is onboard with the implementation of more technology services across the region.

“Human creativity has become such an important resource and is easily realized in practice, that nothing prevents the realization of a creative impulse as a real economic result,” he said. “Today there is a general understanding of the importance of creativity and the use of technology in order for creativity to become an economy.”

Further expansion of intellectual property rights projects into Armenia is in the works.

Individual property protection will be an important part of maintaining a safe and constructive future in the digital sphere. State-supported blockchain solutions are a step in the right direction.