Authors: Rahel T. Kibreth
Addresses: 15/76 Leichhardt St Griffith, 2603 ACT Australia
Abstract: In this paper, utilising the cost-benefit analysis we evaluate a unique supplementary concept to the traditional intellectual property protection and the long-term social-economic feasibility of Save-ideas company. Many creative innovators have ideas about solving problems, improving lives, increasing productivity, preventing damage, saving money, etc. But unfortunately, most of these people do not have the money, nor the time to go down the conventional IPR protection route. With changes brought about by the internet and crowd participation, new options to address this problem have emerged. Such a new solution is the save-ideas.com platform. The result of the analysis clearly justified used resources, while consequently straightening determination on continuation of the Save-Ideas (SIs) project with the current vision.
Keywords: IPP; intellectual property protection; CBA; cost-benefit analysis; Save-ideas; blockchain; innovations.
International Journal of Diplomacy and Economy, 2020 Vol.6 No.1, pp.41 - 50
Received: 19 Mar 2020
Accepted: 03 May 2020
Published online: 04 Sep 2020 *