Typerium, a start-up that aims to revolutionize the lives of creators, has filed two patents for its innovative blockchain technology.
Typerium, the blockchain company for creators, is cementing its position in the market by filing two patents for its technology. The company aims to significantly reduce competition and the risk of any other companies stealing their ideas.
Typerium is a startup that aims to make the lives of creators easier by providing them with a decentralised content-creation platform, social media network, and marketplace where they can work and run their businesses. It will combine intuitive design software with intellectual property protection, a social media network, a digital marketplace, a trust and reputation management system, a blockchain-based payment gateway and its own digital currency.
The company has filed two patents, the first relating to its revolutionary approach to intellectual property protection. It will allow creators to record their work to the blockchain with a timestamp, which enables them to anonymously prove that they were the creator and owner.
The patent specifically addresses the use of blockchain technology for documenting, recording, creating and ownership, as well as the subsequent sale and licensing of creative works and software.
The company's second patent is directed towards new methods of valuation in the sphere of digital tokens. These will include lowering the value of a token when there is more demand for a certain work, and automatic auctions when demand reaches a certain point.
Typerium's CEO, Alex Haigh is confident that the patents will put the company in a good position. "Blockchain technology is still a young and emerging market. We are fully aware of how competitive the sector is, and it's becoming more important than ever to protect your company's innovations and the efforts that go into developing them," he said.
"That's why we have taken precautionary measures to prevent any other business from stealing our ideas. By protecting our vision from day one, we're setting Typerium up in a sustainable way where it can have a bright future in making the lives of content-creators easier."
Typerium has almost completed its initial coin offering (ICO) raising funds for the development of the platform via its website. Anyone who purchases TYPE Tokens will receive a bonus, although the initial coin offering will officially come to an end as of July 24th.