In the knowledge economy era, patent protection and monetization have always been a headache for many technological innovators. A mechanical engineer named Chen Gong faced such a dilemma. Although the energy-saving water pump patent he developed attracted the interest of several factories, he was always unable to confidently sign a cooperation protocol due to concerns about the misuse of the patent.

However, a platform called Plume provides a solution for Engineer Chen. Through this platform, Engineer Chen can safely upload his patent documents, and the system will automatically verify the validity of the patent and generate digital tokens representing the usage rights. This innovative model makes patent licensing more transparent and controllable: factories need to purchase these tokens to use the patents, and for every certain quantity of products produced, the smart contract will automatically deduct the licensing fees from the factory's account and transfer them to the inventor's account.

This model not only protects the rights of inventors but also simplifies the authorization process. Engineer Chen can now steadily receive considerable authorization income every month, no longer worrying about the issue of patent misuse. From a technical perspective, Plume adopts a "separation of ownership and usage rights" model and embeds relevant legal clauses through smart contracts to ensure that the authorization process is legally binding.

It is worth noting that due to Plume's EVM compatibility, the patent tokens can also be integrated with decentralized finance (DeFi) platforms. This means that inventors can obtain financing by pledging these tokens when they need funds, further enhancing the liquidity and value of the patents.

This innovative patent management and monetization model provides a powerful tool for independent inventors like Chen Gong, effectively addressing the long-standing issues of patent monetization difficulties and rights protection. It not only protects the rights and interests of innovators but also provides greater impetus for technological innovation, promising to promote the healthy development of the entire innovation ecosystem.