Alpha Wallet Whitepaper

Patent Prediction Markets

The Future of Patents

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About

Patent.pm is a forecasting and research platform for patents. Users contribute to the forecast by buying and selling shares of legal outcomes related to the patent process. All markets are simple yes or no questions such as: “Will any claim of Application No. 6085219 be approved by the US Patent Office by January 1, 2019?” Owners of the winning outcome receive a share of the IP Gold wagered on the market. IP Gold creates an incentive for public participation in patent examination.

Patent Validity

Many of the prediction markets relate to the validity of a patent and whether it is novel. Users can search a database with millions of patent documents that could prove a patent is not novel and therefore invalid. By submitting this proof, otherwise known as prior art, users can influence the outcome of the patent process and therefore the the value of outcome shares in the market. Patent.pm is the first and only prediction market platform where a user can wager on an event, and then directly influence the probability of winning.

Alpha

Days

Hours

Minutes

Seconds

Public Markets

Invalidate granted patents
Prevent pending applications from issuing
Discover hard-to-find prior art
Improve patent quality

Private Markets

Forecast patent validity
Optimize patent maintenance
Leaderboard
Group intelligence

What is IP Gold?

IP Gold is a virtual currency used to take buy and sell positions on Patent.pm. A supply of IP Gold is given to all users who sign up for an account on Patent.pm to encourage participation in markets. IP Gold can be used to buy and sell shares of the initial prediction markets. Additionally, IP Gold can be used to pay for other miscellaneous platform fees and services such as custom markets or bounties.

Airdrop

We are giving away IP Gold to early registrants. Sign up for the airdrop by entering your email address.

Token Model

Patent.pm employs a dual token model comprising IP Gold ("IPG") and IPX. IPG is not for sale at this time and can only be earned on the platform or gifted in an airdrop. IPX entitles the owner to a share of the profits from platform fees. IPX can be converted to IPG at a rate of 1 to 1,000. However, IPG cannot be converted back into IPX. The maximum supply of IPG is 1 trillion. Patent.pm is a semi-decentralized prediction market platform. To increase performance and reduce costs, our order book exists outside the blockchain in a standard database. However, to enable transparent and trustless ownership, settlement occurs within the Ethereum blockchain. Any ERC20 token can used as the collateral token for markets. Markets are decided by an Oracle which at present is controlled by the Patent.pm founders.

Research Network

Make Predictions

Earn IP Gold by correctly predicting whether patents are valid or invalid. Buy and sell shares of patent outcomes to win.

Submit Prior Art

Earn IP Gold by submitting evidence that an invention is already known to the public, including patent documents, whitepapers, and other prior art, directly from our database of 1M+ patent documents. Hard-to find prior art is valuable in a prediction market.

Email Signup

Team

Tyler Seymour

CEO

Santa Clara University, J.D. Intellectual Property Specialization, Python developer, Ethereum Miner, 1st Place National Trumpet Competition.

Campbell Yore

CPO

Patent Attorney, Santa Clara University, J.D. Intellectual Property Specialization, USPTO, Amgen, Dogecoin.

David Garson

CTO

Software Engineer, MIT Lincoln Labs, Fitbit, Algorithmic Trading, Cryptolord, Platform & Exchange Architect, web3j.

Stephen Cefali

Lead Developer

Full Stack Engineer, Harvey Mudd College B.S. Electrical Engineering, Ancestry.com, order book and decentralized systems pioneer.

Nihar Dalal

Blockchain Engineer

UC Berkeley, Solidity Developer, Development Leader at Blockchain @ Berkeley, UJO Music, Blockchain wizard.

Roadmap

Alpha

The first publicly available version of our platform is available testing and feedback purposes.

Q4 2018

IP Gold Airdrop

Distribution of 20 billion IP Gold to 100,000+ Ethereum addresses and intellectual property professionals.

Q4 2018

Initial Markets

Launch of live, non-monetary prediction markets denominated in IP Gold markets.

Q1 2019

Real Money Markets

Markets will expand from IP Gold to USD, ETH, BTC, and other cryptocurrencies to enable technology hedging and IP insurance markets.

Q4 2019

Frequently Asked Questions

What is a prediction market?

Coming soon.

What is IP Gold?

Coming soon.

What is an Airdrop?

Coming soon.

How can I sign up for the airdrop?

Coming soon.

What the difference between IPG and IPX?

Coming soon.

What is a prediction market?

Coming soon.