Post by account_disabled on Mar 9, 2024 8:33:38 GMT
Samuel Lee: From a patent attorney's point of view IP is important for the digital economy. It helps make clients much more attractive for investments and prepares them to go public. If someone has a wonderful idea (in the data economy or otherwise) the most important aspect they need to prepare for when they go in for a series A or B funding is to have some answer to a question – “How do you protect against another company from copying your idea (product), and how do you keep your information?” You need to answer this question in a way so that investors remain comfortable with that answer. Further, without proper IP protection, it isn't easy to obtain that investment and be successful when you go public. The laws in this area within the US, Korea and elsewhere are still behind the times. There are certain litigations right now where individuals are trying to obtain patents for AI-generated inventions. These litigations are working through the legal system and in the US and Korea some decisions have said “no”. This is based on the current framework of laws, which in the IP realm includes patents, trademarks, designs, copyrights, unfair competition, and trade secrets.
Many companies in the digital space are choosing to keep things as a trade secret (“black box”), as a result, you date? That's a question that governments and major companies need to answer at some point in time. Caroline BERUBE: I was looking at a few definitions of the digital economy before the session and I was just trying to look from different perspectives (legal, economy, finance). One was from the founder of digital economy Dan Tapscott: 'It is a new economy, almost the 4th industrial revolution and it is information in all its forms that becomes digital, reduced to bits UK Phone Number stored on a computer and racing at the speed of light across network'. This brings up the question of how companies can protect data, as it is an intangible and so easy to transport from one country to another. Therefore, we should have governments working together and collaborating. There is the ASEAN Digital Integration framework, which includes 11 countries working with a joint consistent approach. But what about the rest of the world? The data will not stay only in 11 countries, as it is “racing at the speed of light across the network”. It could not be defined in a better way. Samuel LEE: This is the base form, but does the digital economy also include the Metaverse? As well as new digital things such as NFTs that people are putting value on.
As a result, companies must prepare to protect their IP, eg, their trademarks in this digital economy. Certain trademarks are now being registered in different classes. The digital economy now is sort of expanding into realms that are user-friendly versus B2B. Many businesses now are trading some of this data, assuming that data was recorded and stored in an easily transferable way, but this is not always the case. In Korea, healthcare information (one of the best resources in Korea is data that each hospital keeps) is not easily transportable and exchangeable because it is stored in different formats and order of information, which is also something we should worry about in these databases. Caroline BERUBE: It can also be difficult to transfer files from one country to another. Around 6-7 years ago to transfer healthcare data you were required to get it in hard copy and bring it to a hospital, which did not always want to see this hard copy (because of data privacy issues). There are many rules which do not allow us to receive data. Dr Nicola SEARLE: Reverting to the question about IP enhancing innovation, one of the aspects here is the idea of open innovation and its subset – open data. Many clients are practicing open innovation using licensing and collaboration with joint ventures in various forms.
Many companies in the digital space are choosing to keep things as a trade secret (“black box”), as a result, you date? That's a question that governments and major companies need to answer at some point in time. Caroline BERUBE: I was looking at a few definitions of the digital economy before the session and I was just trying to look from different perspectives (legal, economy, finance). One was from the founder of digital economy Dan Tapscott: 'It is a new economy, almost the 4th industrial revolution and it is information in all its forms that becomes digital, reduced to bits UK Phone Number stored on a computer and racing at the speed of light across network'. This brings up the question of how companies can protect data, as it is an intangible and so easy to transport from one country to another. Therefore, we should have governments working together and collaborating. There is the ASEAN Digital Integration framework, which includes 11 countries working with a joint consistent approach. But what about the rest of the world? The data will not stay only in 11 countries, as it is “racing at the speed of light across the network”. It could not be defined in a better way. Samuel LEE: This is the base form, but does the digital economy also include the Metaverse? As well as new digital things such as NFTs that people are putting value on.
As a result, companies must prepare to protect their IP, eg, their trademarks in this digital economy. Certain trademarks are now being registered in different classes. The digital economy now is sort of expanding into realms that are user-friendly versus B2B. Many businesses now are trading some of this data, assuming that data was recorded and stored in an easily transferable way, but this is not always the case. In Korea, healthcare information (one of the best resources in Korea is data that each hospital keeps) is not easily transportable and exchangeable because it is stored in different formats and order of information, which is also something we should worry about in these databases. Caroline BERUBE: It can also be difficult to transfer files from one country to another. Around 6-7 years ago to transfer healthcare data you were required to get it in hard copy and bring it to a hospital, which did not always want to see this hard copy (because of data privacy issues). There are many rules which do not allow us to receive data. Dr Nicola SEARLE: Reverting to the question about IP enhancing innovation, one of the aspects here is the idea of open innovation and its subset – open data. Many clients are practicing open innovation using licensing and collaboration with joint ventures in various forms.