Most people in the world still think that the creator of the telescope was Galileo Galilei, but very few know that it had been created by a man named Hans Lipper Shey in 1608. Galileo presented the telescope with few changes before the Senate about two years after its discovery. This led the people into believing that he invented the concept and formulated it into the telescope.
This confusion misled many people into believing Galileo to be the inventor of the telescope and forgetting about even the existence of the man Hans Lipper Shey. This happens when people do not success in getting their ideas recognized. Ideas can be associated with the creative instinct or can be of business domain, they all come under the arena of the Intellectual Property (IP).
Importance and Challenges of Intellectual Property
Intellectual property can be anything that has been reproduced by your mind. It can be a business idea, name, symbol, pictures, patterns, logos used in the commencement of a business, a piece of literature, a software code or a song lyric. IP has not remained confined to the creative area only but has turned out to be the backbone of many other industries.
The world is running with technology, and this has led many people getting success by using their intellectual property. Today, many top-level businessmen, songwriters, and artists have acclaimed themselves with the help of their creative ideas. However, it is not easy to be recognized for your ideas because as the internet has helped many people in getting their fame, it has also caused an increase in the cases of plagiarism and idea theft.
Many a time, people even manipulate someone’s ideas, and sometimes, the original creator is not even aware of it. The world is connected digitally which has made it more accessible for people to steal ideas and misuse others’ works. Digital piracy, IP (Intellectual Property) infringement, and counterfeiting have been on the rampant increase. People are engaging in copyright infringement, patent infringement, and piracy without any moral obligation or a second thought about the original creators.
Frequently, it has been noticed that companies get the upper hand and the competitive advantages over their competitors by breaching Intellectual Property. Not just the companies but even the employees are engaged in the idea stealing. This has increased the breach of the company’s confidential information, which further results in the loss of revenue for the company. Thus, it becomes imperative for both the organizers and individuals to protect their intellectual assets to sustain the market’s long run.
Idea Theft and Safeguarding IP
Many people do not condone the opinion that idea theft leaves various negative impacts and use terms like getting inspired by the people. Contrary to their beliefs, idea theft has so many detrimental effects in more than one way. It can lead to loss of revenue and jobs, degrade the brand reputation and brand equity, and affect product quality and customer satisfaction. Additionally, it can hinder innovative creations as well as the incentives for the same. This is why creators need to take steps in the direction of safeguarding their ideas.
To ensure the safety of your intellectual property you need Intellectual property rights. They are the exclusive rights that ensure the protection of the ideas of the individual creators and the organizations. IPRs, an acronym for Intellectual Property Rights, are legally valid and aim to promote creative zeal and research appetite amongst the people. Using IPRs can protect your creative ownership and promote the creators to indulge more in their artistic endeavors.
There are distinct types of IPRs, notably patents, copyright, trademarks, and trade secrets. These four are often preferred by the owners of intellectual assets to ensure ownership and protect their intangible works. Copyright protects literary, artistic, and research-based ideas and patent is for securing innovative discoveries. On the other hand, trademarks protect the logos, symbols, sounds, words, and patterns, while trade secrets are for the confidential information of a company.
However, getting the IPRs is not an easy step as it requires certain evidence and documentation processes to ensure the credibility of the ownership of your IP. There comes MyIPR as a savior.
How Does MyIPR Help You?
MyIPR is a user-friendly interface designed to safeguard your intellectual assets and thus provides a smooth certification process to the users. The platform is designed with timestamping technology, hence increasing the sense of security amongst the users.
Blockchain technology offers a robust solution by securely collecting and timestamping evidence of IP creation, making MyIPR a secure platform for creators and businesses to commence their creative ventures in a safe environment. MyIPR not only protects the ideas but also streamlines them with end-to-end comprehensive IP service to increase customer satisfaction. Furthermore, the platform has an advanced machine-learning algorithm that can recognize and detect similarities and patterns if repeated. It will ensure the avoidance of plagiarism and theft between the different works. The certification provided by MyIPR will act as evidence of possession in case of disputes or allegations.
Conclusion
The interconnected world has its advantages and disadvantages for both the creators and the consumers. You cannot ripe just the benefits of the digitally connected world, there will always be some mishaps surrounding the online interface. This is why you need to remain vigilant of all the shortcomings of digitalization along with the theft of your intellectual property. Intellectual property can become a source of your monetary assets and it’s crucial to follow the path of the Intellectual Property Rights. MyIPR allies with the same motto of protecting your intellectual ideas.
For more information and queries, please visit MyIPR, a user-friendly application that will streamline your creation and will make sure to comply with the security of the content and creation.
