Tectonic Technology Innovation Company Limited (‘Tectonic”) was set up to implement the PatentNET project. PatentNET is a platform built based on the Blockchain application technology to facilitate professors of universities to reflect the true values of their inventions and to promote the selling and collaborations of the patents and their inventors, such to gain more respect for the patents and their owners thus ultimately support more new inventions. Mission is to establish a virtuous cycle environment for the IP trading ecosystem.

PatentNET business model is simple and easy to understand. Our aim is to build an open, decentralized and secure platform based on the blockchain technology to facilitate the trading of patents. We will begin to plant the seed of our PatentNET ecosystem in China, because China has been the biggest contributors in the world of patents issued in recent years and it is predicted that this trend will continue.

The business purpose and value creation o...
Tectonic Technology Innovation Company Limited (‘Tectonic”) was set up to implement the PatentNET project. PatentNET is a platform built based on the Blockchain application technology to facilitate professors of universities to reflect the true values of their inventions and to promote the selling and collaborations of the patents and their inventors, such to gain more respect for the patents and their owners thus ultimately support more new inventions. Mission is to establish a virtuous cycle environment for the IP trading ecosystem.

PatentNET business model is simple and easy to understand. Our aim is to build an open, decentralized and secure platform based on the blockchain technology to facilitate the trading of patents. We will begin to plant the seed of our PatentNET ecosystem in China, because China has been the biggest contributors in the world of patents issued in recent years and it is predicted that this trend will continue.

The business purpose and value creation of the PatentNET project are as follows:
● To apply Tectonic’s innovative technology to select from modularized contract items to build up a customized digital contract;
● To embed eID to the digital signature which will apply on the contract, and make the whole trading procedure to be more secured and legal binding;
● To create the platform to allow IP sellers and buyers to transfer the ownership or any type of licensing of the IP over the blockchain, which will secure all the transactions and record the proof of the IP ownership;
● To create immutable ledgers for patents and transactions for the protection of patent owners and transacted parties;
● To digitalize patents and transactions substantially reducing time and distance of transaction;
● To introduce patents to end users and investors, and provide a marketplace for exchange of patents;
● To encourage patent owners’ collaborations in order to increase the chance of the patents to be commercialized;
● To create a new asset class for investment;
● To financially support patent holders by investors in the very beginning and sharing the economic benefits afterwards.
More information

Employees

Daniel Au
Admin
Daniel Au CEO Mr. Au was the CEO of Greenland (Asia) Securities Company Limited. Before that, He also took senior positions in regional investment banks.