Recently the US has been pushing other countries to improve trade secret protection, including using trade agreement negotiations to force this change.
Over the last few years trade secrets have become a much more important intellectual property right. There are many good reasons for this development including technology developments (software, algorithms, data) that's not so well protected by other IP rights, employees moving jobs more frequently, cyber data theft, tax and leading governments around the world driving this change.
Until recently differences between the Chinese and US legal systems made it more difficult to enforce trade secrets in China. This has now changed however with the Chinese government accepting blockchain evidence to prove existence and misappropriation of trade secrets; and shifting the burden of proof to the defendant when certain presumptions are met.
Blockchain evidence can drastically reduce the effort required to prove issues of fact in a trade secret misappropriation lawsuit saving the parties lots of money.
Follow me to learn further about how blockchain will improve IP owners' rights and the battle to enforce them.
#blockchain #IP #China #tradesecrets
Author: John Pryor Exalt IP