Latest news with #intellectualProperty
Yahoo
a day ago
- Business
- Yahoo
US can't cut China off completely, but must defend AI and American innovation from nonstop theft: Sen Rounds
SIMI VALLEY, CALIFORNIA – China's rampant theft of intellectual property from American institutions and industry must be thwarted as the U.S. battles to remain the world's economic and military leader – but America cannot completely decouple from the economic behemoth, Republican South Dakota Sen. Mike Rounds told Fox News Digital in an exclusive interview. The key, according to Rounds, is maintaining China as a key trade partner without giving them access to America's technology, including artificial intelligence and computer chips. "In doing so, maybe we'll restrict their ability to actually be able to have a market that they can create their own stuff with. They'll be using ours. And in using ours, they'll be our standards," Rounds told Fox News Digital in an exclusive interview from the Ronald Reagan Presidential Library during the Reagan National Economic Forum on Friday in California. "Let's not necessarily just totally divest. Let's see if we can have an influence on them and the rest of the world as well when it comes to standards for AI and other technological advances in the future," he added. Rounds was among the conference panelists who spoke on the threats China poses as President Donald Trump addresses the country's chronic trade deficit with foreign nations, and his optimism for the future as the U.S. sprints to remain the world's economic and military leader. Spy Surge Sparks Trump Visa Crackdown On Chinese Students Read On The Fox News App Rounds' remarks focused on keeping the U.S. in the driver's seat of the world's economy, which he explained is deeply entwined in technological advances and bucking Chinese theft of intellectual property, while also acknowledging and combating how China has advanced into a "near-peer competitor" with the U.S. from a military standpoint. 'No Reason' For New Nukes: Trump Floats Disarmament Talks With China, Russia "We've got to do a better job of protecting the intellectual properties that we've got. The most advanced types of technologies that we have, everything we can do to slow down their connection with that, protecting against that infiltration or de-filtration of really good information that, right now, they're stealing from us on a regular basis," Rounds said during a panel called "China and the U.S.: When Trading Partners are also Great Power Competitors." He added that China has no qualms about stealing U.S. intellectual property – which is understood as intangible creations, such as patents for inventions or trade secrets such as tech algorithms. Rounds recalled a recent conversation with an ambassador to China who told him their culture does not understand "how someone can own an idea." Secretary of State Marco Rubio announced last Wednesday that the U.S. will begin "aggressively" revoking visas of Chinese students, most notably those with ties to the Chinese Communist Party who are trained at U.S. schools, but return to China or feed U.S. information to China. Rounds said the country needed a pause on admitting Chinese nationals with CCP ties into elite U.S. schools until an enforceable agreement is in place protecting intellectual property and processes from Chinese capture. "We have Chinese students that come in here, and then they [maintain] ties back home. And even if they want to stay here, one of the challenges we have is that their family may very well be coerced into requiring them to come back home again. And if that's the case, any of the knowledge that we've helped them to develop here goes back home with them," Rounds said. "Until such time as we're able to address that, and until such time as we're able to be assured that the information that they're getting here, the data that they are catching here, the knowledge that they gain here isn't going to be used against our young men and women in the future, we want to slow this down a little bit. Let's just take a break. Let's not be bringing in these Chinese students that have ties with the Chinese Communist Party, until we have some kind of agreement in place that is enforceable," he said. Rounds explained during the Reagan library forum that protecting U.S. intellectual property from Chinese theft has a ripple effect on U.S. efforts to remain the world's military leader as China seeks parity with America. State Department Says It Will 'Aggressively Revoke' Visas Of Chinese Students "[China is] a strategic challenger for us on the military side. They are a near-peer competitor. And they have an advantage over us in one particular way: They are unified in terms of when Xi Jinping wants to move, it's not just the government that moves, but the entire rest of their economic activity is required to move the way that he wants them to move. We don't have that here. And so for us, we have to recognize that challenge. Now, I'm not suggesting we go the direction that they go, but we have to recognize their ability to move very, very quickly," he said. The Trump administration leveled tariffs as high as 145% on Chinese goods in April, and China retaliated against the president's "Liberation Day" policies with tariffs of its own. China and the U.S. reached a preliminary trade agreement last month, which Trump said China violated in a Truth Social post on Friday. Trump Calls Out Putin, Accuses China Of Not Honoring Trade Deal Terms During 19Th Week In Office "I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn't want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy! That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" he wrote. Rounds explained that the U.S. is in the midst of reaching a favorable trade deal while also acknowledging China has stolen billions of dollars in intellectual property for its own advantage. "We do, right now, really close to about a half a trillion dollars a year in economic activity with China today, but they steal about $600 billion in intellectual property on an annual basis. And so we have this dichotomy of trying to do good trade and at the same time recognizing that they're stealing our property," he said. Rounds said the floodgates of accepting and leveraging AI have not yet opened in the U.S., as many Americans are still hesitant to trust the technology. In mere months and years, however, he said the health industry will see massive overhauls, aided by tech that can quickly identify cancer or diagnose diabetes and Alzheimer's. This will lead American culture to accept AI and rally the private sector's proliferation of it, he said. House China Committee Zeros In On Latest Ccp Efforts To Steal American Agriculture Ip "I think what the American people want to see is, what's in it for them? What improves their quality of life? I think one of the most critical issues – that would really be one of the easiest to get into – is talking about health care. And I firmly believe that Americans will see AI as a benefit to them rather than as a challenge when we start to see cures for diabetes, Alzheimer's, Parkinson's and cancers. And those are all within reach," Rounds told Fox Digital. Rounds added during the forum that when Americans personally feel how their quality of life has improved due to AI, "that's when we'll really see the push across the country to develop AI at a rate that you've never seen before by the private sector, as well." "That's what's going to keep us ahead of China," he said. The forum at the Ronald Reagan Presidential Library, which is nestled in California's Santa Susana Mountains and the Simi Hills, kicked off on Thursday evening, and featured more than a dozen discussions and panels focused on the economy, artificial intelligence, U.S. defense strategies, the energy sector and more across Friday. Banking leader Jamie Dimon of JPMorgan Chase, Energy Secretary Chris Wright and former Treasury Secretary Steve Mnuchin were among those who joined Rounds in addressing the nation's economic health. "The Reagan Library does an excellent job working on defense issues, and now they've also opened up a seminar basically working on economic issues critical to the United States. And so to come in here and to work with other people that care about the economic well-being of our country, this is an excellent place to do it.… So it's an opportunity for me to really learn what's going on and what other people are thinking about our economy in general," Rounds told Fox Digital of the forum. Jpmorgan's Jamie Dimon Calls On Us To Stockpile Bullets, Rare Earth Instead Of Bitcoin The conference comes as the Senate works to pass the Big Beautiful Bill, which is a sweeping multitrillion-dollar piece of legislation that advances Trump's agenda on taxes, immigration, energy, defense and the national debt. Rounds said the legislation must pass or Americans will see their taxes spike. "We don't have a choice. We have to pass the bill to get the Tax Cuts and Jobs Act back in place on a permanent basis. If we don't do that, the average American family is going to see about a $2,400 a year increase in their taxes. So we have to do something. And it's critical that we pass this bill. We're going to work with the House. We're gonna get this deal done. The Senate will put their mark of approval on it, but nonetheless, we want to do everything we can as quickly as we can to take care of this so that we can get on to other things. The president has made it very clear he wants to get this done. We want to help in that regard. This is our job," he article source: US can't cut China off completely, but must defend AI and American innovation from nonstop theft: Sen Rounds
Fox News
2 days ago
- Business
- Fox News
US can't cut China off completely, but must defend AI and American innovation from nonstop theft: Sen Rounds
SIMI VALLEY, CALIFORNIA – China's rampant theft of intellectual property from American institutions and industry must be thwarted as the U.S. battles to remain the world's economic and military leader – but America cannot completely decouple from the economic behemoth, Republican South Dakota Sen. Mike Rounds told Fox News Digital in an exclusive interview. The key, according to Rounds, is maintaining China as a key trade partner without giving them access to America's technology, including artificial intelligence and computer chips. "In doing so, maybe we'll restrict their ability to actually be able to have a market that they can create their own stuff with. They'll be using ours. And in using ours, they'll be our standards," Rounds told Fox News Digital in an exclusive interview from the Ronald Reagan Presidential Library during the Reagan National Economic Forum on Friday in California. "Let's not necessarily just totally divest. Let's see if we can have an influence on them and the rest of the world as well when it comes to standards for AI and other technological advances in the future," he added. Rounds was among the conference panelists who spoke on the threats China poses as President Donald Trump addresses the country's chronic trade deficit with foreign nations, and his optimism for the future as the U.S. sprints to remain the world's economic and military leader. Rounds' remarks focused on keeping the U.S. in the driver's seat of the world's economy, which he explained is deeply entwined in technological advances and bucking Chinese theft of intellectual property, while also acknowledging and combating how China has advanced into a "near-peer competitor" with the U.S. from a military standpoint. "We've got to do a better job of protecting the intellectual properties that we've got. The most advanced types of technologies that we have, everything we can do to slow down their connection with that, protecting against that infiltration or de-filtration of really good information that, right now, they're stealing from us on a regular basis," Rounds said during a panel called "China and the U.S.: When Trading Partners are also Great Power Competitors." He added that China has no qualms about stealing U.S. intellectual property – which is understood as intangible creations, such as patents for inventions or trade secrets such as tech algorithms. Rounds recalled a recent conversation with an ambassador to China who told him their culture does not understand "how someone can own an idea." Secretary of State Marco Rubio announced last Wednesday that the U.S. will begin "aggressively" revoking visas of Chinese students, most notably those with ties to the Chinese Communist Party who are trained at U.S. schools, but return to China or feed U.S. information to China. Rounds said the country needed a pause on admitting Chinese nationals with CCP ties into elite U.S. schools until an enforceable agreement is in place protecting intellectual property and processes from Chinese capture. "We have Chinese students that come in here, and then they [maintain] ties back home. And even if they want to stay here, one of the challenges we have is that their family may very well be coerced into requiring them to come back home again. And if that's the case, any of the knowledge that we've helped them to develop here goes back home with them," Rounds said. "Until such time as we're able to address that, and until such time as we're able to be assured that the information that they're getting here, the data that they are catching here, the knowledge that they gain here isn't going to be used against our young men and women in the future, we want to slow this down a little bit. Let's just take a break. Let's not be bringing in these Chinese students that have ties with the Chinese Communist Party, until we have some kind of agreement in place that is enforceable," he said. Rounds explained during the Reagan library forum that protecting U.S. intellectual property from Chinese theft has a ripple effect on U.S. efforts to remain the world's military leader as China seeks parity with America. "[China is] a strategic challenger for us on the military side. They are a near-peer competitor. And they have an advantage over us in one particular way: They are unified in terms of when Xi Jinping wants to move, it's not just the government that moves, but the entire rest of their economic activity is required to move the way that he wants them to move. We don't have that here. And so for us, we have to recognize that challenge. Now, I'm not suggesting we go the direction that they go, but we have to recognize their ability to move very, very quickly," he said. The Trump administration leveled tariffs as high as 145% on Chinese goods in April, and China retaliated against the president's "Liberation Day" policies with tariffs of its own. China and the U.S. reached a preliminary trade agreement last month, which Trump said China violated in a Truth Social post on Friday. "I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn't want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy! That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" he wrote. Rounds explained that the U.S. is in the midst of reaching a favorable trade deal while also acknowledging China has stolen billions of dollars in intellectual property for its own advantage. "We do, right now, really close to about a half a trillion dollars a year in economic activity with China today, but they steal about $600 billion in intellectual property on an annual basis. And so we have this dichotomy of trying to do good trade and at the same time recognizing that they're stealing our property," he said. Rounds said the floodgates of accepting and leveraging AI have not yet opened in the U.S., as many Americans are still hesitant to trust the technology. In mere months and years, however, he said the health industry will see massive overhauls, aided by tech that can quickly identify cancer or diagnose diabetes and Alzheimer's. This will lead American culture to accept AI and rally the private sector's proliferation of it, he said. "I think what the American people want to see is, what's in it for them? What improves their quality of life? I think one of the most critical issues – that would really be one of the easiest to get into – is talking about health care. And I firmly believe that Americans will see AI as a benefit to them rather than as a challenge when we start to see cures for diabetes, Alzheimer's, Parkinson's and cancers. And those are all within reach," Rounds told Fox Digital. Rounds added during the forum that when Americans personally feel how their quality of life has improved due to AI, "that's when we'll really see the push across the country to develop AI at a rate that you've never seen before by the private sector, as well." "That's what's going to keep us ahead of China," he said. The forum at the Ronald Reagan Presidential Library, which is nestled in California's Santa Susana Mountains and the Simi Hills, kicked off on Thursday evening, and featured more than a dozen discussions and panels focused on the economy, artificial intelligence, U.S. defense strategies, the energy sector and more across Friday. Banking leader Jamie Dimon of JPMorgan Chase, Energy Secretary Chris Wright and former Treasury Secretary Steve Mnuchin were among those who joined Rounds in addressing the nation's economic health. "The Reagan Library does an excellent job working on defense issues, and now they've also opened up a seminar basically working on economic issues critical to the United States. And so to come in here and to work with other people that care about the economic well-being of our country, this is an excellent place to do it.… So it's an opportunity for me to really learn what's going on and what other people are thinking about our economy in general," Rounds told Fox Digital of the forum. The conference comes as the Senate works to pass the Big Beautiful Bill, which is a sweeping multitrillion-dollar piece of legislation that advances Trump's agenda on taxes, immigration, energy, defense and the national debt. Rounds said the legislation must pass or Americans will see their taxes spike. "We don't have a choice. We have to pass the bill to get the Tax Cuts and Jobs Act back in place on a permanent basis. If we don't do that, the average American family is going to see about a $2,400 a year increase in their taxes. So we have to do something. And it's critical that we pass this bill. We're going to work with the House. We're gonna get this deal done. The Senate will put their mark of approval on it, but nonetheless, we want to do everything we can as quickly as we can to take care of this so that we can get on to other things. The president has made it very clear he wants to get this done. We want to help in that regard. This is our job," he said.
Mail & Guardian
3 days ago
- Business
- Mail & Guardian
South African firms suspect UAE companies may have obtained military intellectual property
(Wikimedia Commons) Defence company The investigation focuses on employees of at least two defence firms who are suspected of passing military intellectual property (IP) to UAE state-owned companies. 'Paramount Group is cooperating fully with the The OCCRP obtained two briefings from the SIU, which focus mainly on allegations that employees of a second company, One of the documents obtained by the OCCRP was a 2023 presentation to parliament's standing committee on public accounts (Scopa), while the other was a PowerPoint briefing of the SIU's findings in 2025. The SIU declined to answer detailed questions about its investigation, saying that it 'reports only to the president and parliament'. 'Therefore, we cannot make public statements or give comments on ongoing investigations,' a spokesperson added in an email. 'However, it is important to note that evidence indicating criminal conduct has been referred to the National Prosecuting Authority.' Paramount has also launched its own internal investigation to determine whether employees provided intellectual property to a UAE company after a joint venture deal that eventually collapsed. 'Pattern of misconduct' Founded in South Africa in the early 1990s, Paramount is now headquartered in the UAE. The company filed for bankruptcy last year after losing an arbitration case in London against Abu Dhabi Autonomous Systems Investments Company (Adasi). Paramount's problems began in 2016 when one of its subsidiaries, Riverston Enterprises Limited, entered into a joint venture deal with Adasi. The joint venture fell apart after Adasi was taken over by another UAE state-owned firm called Edge Group, according to internal records and court documents obtained by the OCCRP. As part of the agreement to set up the joint venture, Adasi had provided Paramount with a loan of $150 million, an internal document from Edge shows. That money was meant to cover the costs of creating the joint venture company in the UAE, and transferring the intellectual property behind Paramount's reconnaissance plane, which the new company would transform into an armed strike aircraft called the MWARI. Both Adasi and Paramount agree that the intellectual property was never transferred to the UAE as planned. Now Paramount says it is no longer legally obligated to transfer the intellectual property, but Adasi says it has the rights to the information under the arbitration ruling. Neither the Edge Group, which owns Adasi, nor its public relations representatives responded to requests for comment. But a legal document filed by Adasi in Paramount's bankruptcy case provides insight into its position. In the legal filing, Adasi argued that Paramount's bankruptcy case was a stall tactic meant to give the company time to move its assets so they could not be transferred. Those included the 'potentially valuable intellectual property assets', which had been 'granted to Adasi'. The filing states that Paramount said it declared bankruptcy because it could not afford to pay the penalty ordered by the arbitration board. That penalty totalled $230 million, and included the $150 million that was to cover the transfer of intellectual property for its aircraft to the UAE. Paramount's South African lawyer, Lauth, told the OCCRP that the intellectual property of the MWARI aircraft 'remains wholly governed by South African law and has not been externalised to the UAE, Adasi, EDGE or any related entity'. Intellectual property used exclusively for military purposes is often not patented, because doing so would make the designs accessible to competitors and hostile actors. Instead, such property is considered a 'sovereign asset' overseen by the government, according to experts including Vanessa du Toit who previously ran the National Conventional Arms Control Committee, which oversees South Africa's military technology and arms exports. Lauth said the research and design behind the MWARI was 'not the only intellectual property that was allegedly targeted'. 'Our clients have identified a broader pattern of misconduct involving multiple Paramount-developed platforms,' she told the OCCRP. In a leaked document from the arbitration case, Paramount founder Ivor Ichikowitz said the deal was based on Adasi ordering 5 000 armoured vehicles, and 6 000 'loitering munitions', which are drones built to explode on impact. In the end, only four trucks and 500 drones were ordered by the company. 'In hindsight, it now appears that the presentations and solutions we presented may have been used by … staff to benchmark other defence projects underway at the time in other organisations in the UAE,' Ichikowitz said, according to a leaked affidavit from the arbitration case. Ichikowitz declined to provide comment to reporters. Martie Baumgardt, a senior executive, told the OCCRP the firm is also carrying out its own internal investigation. She said the company is looking into the 'possible theft of IP from Paramount by individuals who left the company, which may conceivably have ended up in the UAE'. According to Baumgardt, after the joint venture with the UAE partner broke down, 45 Paramount employees joined Edge Group companies. A leaked document from Paramount's internal investigation also alleges that 57 laptops and 10 hard drives were stolen from 2016 — the year Paramount's subsidiary entered the joint venture with Adasi — to 2024, when it lost the arbitration case. The Denel affair Meanwhile, the Denel case dates back to 2012, when South Africa's state-owned arms manufacturer entered into a joint venture with a UAE firm, then known as Tawazun Operation Company LLC. Under the agreement, the two firms established a new company based in the UAE called Tawazun Dynamics LLC. According to the 2023 briefing to Scopa, the joint venture was initially intended to manufacture and supply Denel missiles to the UAE Air Force, and 'future customers'. At first, the partnership appeared to be a success. Other deals were soon struck, in which Denel would also provide a UAE defence company called NIMR Automotive LLC with RG35 Military Vehicle IP and hardware. But the relationship began to sour. 'It is alleged that the IP belonging to the institution was misappropriated in cohesive criminal conduct to abet foreign state companies,' the SIU said in its 2023 briefing, referring to allegations brought by Denel. In its investigation, the SIU found evidence suggesting that Denel employees may have accessed intellectual property without permission. In one instance, SIU investigators found that 'data packs' relating to missile technology had been downloaded from Denel's system after a request from Halcon, another arms company owned by Edge Group, according to the 2023 briefing. That briefing also outlines a case reported by Denel to the SIU, which involved intellectual property for a military vehicle. The SIU noted that contracts had been signed with NIMR by a Denel employee who was not authorised to do so. 'This official later resigned and informed Denel that he was offered a senior position by NIMR,' the briefing says. Denel reported that it had later received a letter from the chief executive of NIMR, who had previously worked for Denel, demanding intellectual property for a military vehicle. The joint venture company Tawazun Dynamics is today called Al Tariq and — like NIMR — it is owned by Edge Group, which did not respond to questions about alleged attempts to transfer intellectual property from Denel. The NIMR chief executive was one of more than 300 Denel staff who left the company and went to work in the UAE's arms sector, according to a summary of a South African parliamentary discussion in February. Gloria Serobe, chair of the Denel board, told the parliamentary committee that so many Denel employees had left for UAE firms that 'board meetings were done in Afrikaans'. This story was first published by the Organised Crime and Corruption Reporting Project (OCCRP).
Coin Geek
6 days ago
- Business
- Coin Geek
BSV and tokenizing IP: A new paradigm for creators
Getting your Trinity Audio player ready... In an era where creators struggle to protect and monetize their intellectual property (IP), BSV emerges as a transformative platform for tokenizing IP assets. By leveraging its scalable blockchain, low-cost transactions, and immutable data storage, BSV enables artists, writers, inventors, and creators to secure, manage, and monetize their work without relying on costly intermediaries. From fractional ownership of patents to micropayments for digital content, BSV offers a new paradigm for IP management that empowers creators and redefines the creative economy. This article explores how BSV addresses longstanding IP challenges and its potential to reshape the creator landscape. The IP crisis in the digital age Creators face significant hurdles in protecting and profiting from their IP. Traditional systems like copyright offices and patent registries are slow, expensive, and often inaccessible to independent artists or small-scale inventors. Digital platforms, while democratizing distribution, frequently exploit creators through unfavorable revenue splits or fail to prevent piracy. For instance, musicians earn fractions of a cent per stream on platforms like Spotify, while authors battle unauthorized e-book distribution. This is why we need a system where creators control their own IP. Tokenization—the process of representing assets as digital tokens on a blockchain—offers a solution, but most blockchains lack the scalability or affordability to support widespread IP applications. BSV, with its unbounded block size and high transaction throughput, fills this gap, enabling creators to tokenize everything from songs to scientific patents in a secure, cost-effective manner. BSV's technical advantages for IP tokenization BSV's blockchain is uniquely suited for IP management. Its ability to process 1,000,000 transactions per second (TPS), as demonstrated by the Teranode upgrade, supports global-scale tokenization without network congestion. Transaction fees, often below $0.00011, make it feasible to issue and trade tokens for small-value assets, such as a single poem or a 3D-printed design. The blockchain's immutable ledger ensures that tokenized IP records—such as proof of authorship or licensing agreements—are tamper-proof and verifiable. BSV's smart contract capabilities enable complex IP management workflows. For example, a musician could tokenize a song, embedding royalty splits that automatically distribute micropayments to collaborators each time it's streamed. Fractional ownership is another key feature: a patent for a new technology could be tokenized into 1,000 shares, allowing inventors to raise capital by selling stakes to investors. BSV's timestamping functionality provides a definitive record of creation dates, helping creators prove originality in disputes. Think of it as unhackable timestamping. Niche applications: Empowering creators BSV's IP tokenization shines in niche use cases that traditional systems overlook. Independent authors can tokenize e-books, offering readers exclusive access or limited-edition digital copies as non-fungible tokens (NFTs). Unlike Ethereum-based NFTs, which incur high gas fees, BSV's low costs make this viable for small creators. Visual artists can tokenize digital artworks, embedding resale royalty clauses to earn a percentage of future sales, addressing the 'starving artist' problem. Inventors, particularly in open-source or collaborative fields, benefit from BSV's fractional ownership model. A team developing a new biotech patent could tokenize it, allowing global investors to fund research in exchange for equity-like tokens. This democratizes innovation, enabling small-scale inventors to compete with corporate giants. Additionally, BSV's data storage capabilities allow creators to embed metadata—such as licensing terms or creative commons agreements—directly into tokens, streamlining IP management. The future: A creator-centric economy BSV's potential to transform IP management extends beyond individual creators. Applications are building BSV-based tools that integrate tokenization into creative workflows, from music production to patent filing. These tools could disrupt centralized platforms, giving creators direct access to global markets and simultaneously removing the middleman. Challenges remain, including regulatory hurdles and the need for user-friendly interfaces. However, BSV's regulation-friendly design, built to comply with legal frameworks, positions it to gain institutional adoption. As creators demand fairer systems, BSV's scalable, transparent approach could become the standard for IP tokenization, fostering a creator-centric economy. Conclusion BSV's ability to tokenize IP offers creators unprecedented control over their work. Its scalable blockchain, low fees, and smart contract functionality enable niche applications like fractional patents, royalty micropayments, and timestamped authorship records. By bypassing traditional intermediaries, BSV empowers artists, authors, and inventors to monetize their IP securely and transparently. As the creative economy evolves, BSV stands poised to redefine how intellectual property is managed, proving that blockchain can deliver tangible benefits for creators worldwide. Watch: Small casual payments transforms content creation business title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Bloomberg
27-05-2025
- Business
- Bloomberg
Thailand Clears Plan to Exit US Intellectual Property Watchlist
Thailand's cabinet approved a new framework for enforcement of intellectual property rights as the Southeast Asian nation seeks to exit from a US watchlist ahead of tariff talks with Washington. The so-called Thailand Intellectual Property Work Plan has been prepared in coordination with the office of the US Trade Representative, and its adoption should pave the way for Thailand's removal from the watchlist, Commerce Minister Pichai Naripthaphan told reporters after a cabinet meeting in Bangkok on Tuesday.
