Recently, an intellectual property trading platform co-built by the Postal Savings Bank of China (hereinafter referred to as PSBC) and Xiong’an National Innovation Center was officially put into operation in Xiong’an New Area. This is the first intellectual property trading platform in China that has adopted domestically developed blockchain technology.  

Positioned as a national “intellectual property hub” in the innovation ecosystem, the platform prioritizes services for research institutions, relocated central SOEs and innovative enterprises in Xiong’an New Area. It is committed to building a complete innovation chain covering intellectual property protection, evaluation and certification, technology trade and market application of the achievements. Relying on a homegrown blockchain architecture, the platform can enable traceability and immutability of the whole transaction process, providing a credible and efficient online transformation channel for enterprises with the intent of settling in Xiong’an New Area and their sci-tech achievements.

Following its operation, the platform is expected to generate an annual transaction volume of 1.5 to 2 billion yuan (about 215.4 million to 287.2 million US dollars), and drive related intellectual property licensing fees of 1 to 2 billion yuan (about 143.6 million to 287.2 million US dollars). Its development purpose is not merely for transactions, but more importantly for exploring the establishment of a data-empowered closed loop of “technological value-credit rating-financing services”. By leveraging authentic and traceable data flow, the platform will establish dynamic credit profiles for high-tech enterprises, and systematically alleviate their financing challenges.