Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced a strategic partnership with IPwe Inc., a leader in blockchain technology that provides smart solutions for the management of intangible assets through data-driven recommendations. The vision of this partnership is to enable Clarivate and IPwe customers to accelerate innovation through accessing uniquely curated patent data from Clarivate within IPwe’s artificial intelligence (AI), predictive analytics, and blockchain technology platform.
AI and Blockchain are transforming innovation for business leaders from patent offices, enterprises of all sizes, and universities. Through this strategic partnership, Clarivate will provide its world-leading patent data set to enable IPwe to further strengthen its next-generation AI and blockchain solutions for the digital transformation of IP. Combining best-in-class datasets from Clarivate with IPwe’s Smart Intangible Asset Management platform, this partnership will allow customers to validate their patent portfolio, acting as a single source of truth for data related to these critical assets.
IPwe is creating NFTs and tokenizing patents and other intangible assets into digital assets. The tokenization of intellectual property makes it easier to track, license, commercialize and transact, with verified information, less transactional friction and greater transparency that will encourage adoption and commercial opportunity. Combined with the power of Clarivate data to facilitate innovative blockchain solutions, IPwe will help enhance data accuracy and facilitate the growth of the global IP transaction market.
Gordon Samson, Chief Product Officer of Clarivate, said: “The IP industry is undergoing a tremendous digital transformation and blockchain will play a critical role in this shift. IPwe is leading the way when it comes to blockchain technology around smart intangible asset management. At Clarivate, we are committed to continual innovation and we are very excited to partner with IPwe to offer full transparency in patent identification and ownership, supporting the next generation of IP management.”
“Our partnership with Clarivate powers our Smart Intangible Asset Management platform with what we believe is the largest, best and most reliable curated intellectual property database in the world. This will enable us to access robust data sets that will power IPwe solutions that our customers can then utilize, providing greater transparency, transactional efficiency and enhanced commercial opportunity. Leveraging Clarivate’s data sets and IPwe’s technology is game changing for the IP ecosystem and innovation business leaders,” said Erich Spangenberg, CEO of IPwe.