Hainan establishes international intellectual property trading center research proposal to introduce blockchain technology in intellectual property

According to Xinhua News Agency, on December 28, Hainan established an International Intellectual Property Exchange Center. Hainan International Intellectual Property Exchange has released research reports such as "Proposals for Piloting Intellectual Property-oriented Tax Concessions and Free RMB Exchange Policy in Hainan". The research report recommends that the introduction of blockchain technology to explore innovative modes suitable for the economic development of free trade ports in the areas of intellectual property registration, trading, clearing, and certificate deposits.