In the first part of this article, we explained what a trade secret is, why it needs to be protected, and described the challenges of IP protection in the era of emerging technologies.
Trade secret protection includes three main steps. Protective measures can be of administrative, legal, and technical nature.
Modern technologies demonstrate a rapid and furious innovation pace, creating an incredible amount of intellectual property (IP) every second. The speed and amount of information exchange are growing, and the problem of IP protection is becoming increasingly important. This is especially true for a Trade Secret, one of the most valuable and the most vulnerable categories of IP as it’s an unregistered form of IP. While legislators introduce stronger legal instruments for IP protection, they are clearly behind the digital era’s challenges. Computer technologies like blockchain can make a revolution in intellectual property management and bring safety to this sector.