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Japan’s blockchain enabled next-generation financial transactions to start in 2020

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Blockchain enabled next-generation financial transactions - Progmat

Japan’s blockchain enabled next-generation financial transactions are planned to start in 2020. On November 7 2019, Mitsubishi UFJ Trust and Banking Corporation (MUTB), the second largest in trust business in Japan, announced the establishment of the Security Token Research Consortium consisting of 21 companies, and the development of next-generation financial transaction services using blockchain technology. […]

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Use the Patent System to Stop Global Warming

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Global Warming

Super Typhoon Hagibis hit Japan on October 12. I was safe, but 21 riverbank failures were reported the next day. Japan was just hit by Typhoon Faxai in early September. Typhoon Faxai was said to be the most powerful typhoon on record which had ever landed Kanto region (Tokyo is included there). Some people have […]

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Japanese courts slow to adopt information technologies

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Web meeting

Finally, Japan’s courts are going to use information technologies for proceedings. Despite widespread use of IT in daily life, we have been required to conduct paper-based procedures and go to court for a brief preparatory proceeding. It would be welcome to improve this situation, but it’s too slow. The reported rough schedule is as follows.  […]

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Recent IP activities of Japanese companies

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JPO Annual Report

Japan Patent Office (JPO) published an annual report on July 12 2019. According to the report, 313,567 patent applications were filed in Japan in 2018. And, 253,000 patent applications among them were filed by domestic applicants. It slightly decreased than last year. As you may know, Japanese companies have been reducing investment in Japanese patents. However, […]

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JPO’s SEP advisory opinion service updated

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Negotiation on SEP

JPO’s SEP advisory opinion service has been updated for cases received on or after July 1 2019. This service started from April 2018, to provide a JPO’s non-binding opinion on whether a particular patent is a standard essential patent (SEP). We covered this service in the previous article here. The changes in the user’s guide include the […]

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Japanese large companies stealing IP of SMEs

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IP theft

Japanese large companies have been stealing SMEs’ intellectual property. This issue was brought up in a working group discussing the improvement of business conditions for SMEs or subcontracting companies, as reported in our previous article. Then, Japan Fair Trade Commission (JFTC) conducted surveys on the handling intellectual property in the transactions in manufacturing industry, and […]

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Japanese universities to acquire stock option rights as IP license fees

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licensing revenues of universities

Previously on this blog, we featured a story about a fight on patent royalty between a university researcher and a licensee company. And, it suggested a problem of a talent shortage for intellectual property in the university.  Licensing Revenues of Japanese Universities When talking about licensing revenues of universities, Japanese universities are often compared with American universities. […]