The Moscow-based blockchain innovation cluster needs a mechanism for assessing intellectual property, says the founder of blockchain platform Universa.io, Aleksandr Borodich. Borodich’s statements were reported by Russian news agency TASS on Feb. 15.
The plans to launch a blockchain-based city innovation cluster by summer 2019 were initially announced by the Moscow municipal government earlier in February. The upcoming platform for the city’s IT innovation cluster will purportedly bring together various tech and business entities and enable participants to find potential partners, as well as learn about their products and equipment.
Per Borodich, the hypothetical mechanism for evaluating intellectual property will facilitate financing for potential inventions. Speaking at the Russian Investment Forum in Sochi, Borodich reportedly stated:
“If we manage to develop expertise — within the frameworks of the cluster — that would allow to better evaluate intellectual property, we [investors] would gladly provide some financing on inventions.”