Till now, when it’s around 20 days from the start of the year 2020, you
hopefully be aware of statistics from 2019, no matter whether in association
to Intellectual Property (IP), brand
protection, or anti-counterfeiting. Nevertheless, besides gaining information
about the past year, it is vital to consider some of the key IP and brand
protection trends for 2020, and the new decade beyond.
In 2020, we undoubtedly expect to hear more about the US-China trade
talks, and the European (EU) Copyright Directive. However, this is not all. We
can come across many other trends and stories that would be significant for
brands and how they secure themselves from IP infringement in this year.
Artificial
Intelligence and Machine Learning
2020 is expected to be the phase when many companies move from
experimenting with new tools and technologies to their broader implementation.
The scope of Artificial Intelligence (AI) and Machine Learning (ML) looks to
increase and affect the interactions brands used to have with consumers and
counterfeiters.
It appears as if the sophistication of conversational AI interactions will
enhance, resulting in improved communication between businesses and consumers.
It further may improve buying patterns. On the other hand, ML will become more
advanced in regards to image recognition, data clustering, and web scraping. It
means that data monitoring and IP enforcement will benefit comparatively more
from automation, allowing machines to fight the scams in addition to human
expertise.
Blockchain
Blockchain and its operative use in anti-counterfeiting can be the other
key area of growth in 2020. As technology is becoming cheaper day by day, the
world would see it into the hands of many more businesses. Widespread adoption
and embedding of blockchain-based smart contracts system will make the
technology to execute a license for the use of original creator’s IP, scale
automatic payment, and ensure that he/ she gets the correct compensation for
his/ her unique work. Apart from assisting the users in making profits by
earning more money and saving financial resources on getting agents to manage
IP, blockchain technology would work even to prohibit content piracy, one of
the common challenges creators often encounter. Indeed, 2020 and other upcoming
years are expected to provide blockchain technology with advancements that
would help you monetize your IP in several new ways.
Social Media
Expansion: WeChat, TikTok, Etc.
For a long time, online platforms have dominated the talks about the
availability and impacts of counterfeit and copied goods. As these platforms
have been one of the easiest ways for consumers to shop, they have created
spaces where fake sellers of infringed products or services could anonymize
their identities. Previously, online platforms like social media sites,
including Facebook, Twitter, etc., were a secondary option for counterfeiters
and sellers of violated products. Nonetheless, with the introduction of
additional social commerce-oriented extensions, they gained importance. Social
media channels are remarkably difficult for Intellectual Property Law enforcement to target
as communications on these channels are private. Moreover, there is no ID
transparency rule, and accounts can be made using false information. All these
facts make it important for the brands to enlist the support of an
experienced IP Attorney. They can also partner with
a specialized Intellectual Property Law
Firm that
can provide online monitoring and IP enforcement. This is what we expect to see
more in 2020.
Another thing to watch in 2020 will be the increase in both the size and
scope of spaces like WeChat, TikTok and more. As counterfeits and IP abuse,
especially Copyright Infringement, is common on online sites
and channels, brands need to be cautious about ‘how can they deal with such
issues.’ Intellectual Property Law
Firm in Maldives or any country appears to be the best helping hand to battle
against the problems caused by counterfeiting and IP abuse in this advanced but
malicious decade. For more visit: https://www.trademarkmaldives.com
Don’t forget to
follow us on social media:
Contact - US






