FAQ

1.What is Genesis Protocol?

Genesis Protocol is a Layer 2 solution for Bitcoin focused on managing Intellectual Property using zero-knowledge proofs.

2. Why focus on Intellectual Property?

IP is a critical asset in the digital age, and blockchain can provide secure, transparent management and verification.Its is a three trillion dollar asset class with only 0.1% of population has a hold to, Genesis Protocol will further increase this by sourcing easily manageable and tradeable IP thus increasing its asset market and population.

3. Why Now?

Over the past two decades, we have gradually increased our content creators, thanks to the social media Revolution and now for the last 3 years, there is an increase in the generative AI solutions leading to very fast and easier ways to create and process content. But both had deeply questioned the creator rights and the way the original creator getting monetized, thus there is a strong need for the easy and trustable way to manage IPs, that's exactly why Genesis Protocol a must now

4. How does Genesis Protocol improve on existing IP management systems?

It offers decentralized, tamper-proof record-keeping with enhanced privacy through zero-knowledge proofs. Fip graph helps in easier way to access and search the IP rights worldwide.

5. What types of IP can be managed on Genesis Protocol?

All forms of IP, including patents, trademarks, copyrights, and trade secrets.

6. What is Polygon CDK, and why use it?

Polygon CDK (Chain Development Kit) allows for the creation of ZK-powered L2 chains, enabling scalability and privacy. This can improve the pace of the development and since the chain is already battle tested it helps in security needed for managing Intellectual Property.

7. How does the ZK-EVM benefit Genesis Protocol?

It allows for Ethereum-compatible smart contracts while maintaining privacy and scalability.

8. Why use Celestia for data availability?

Celestia provides a scalable data availability layer, crucial for managing large amounts of IP data. This data availability layer will come handy when there is a need for conflict resolution management.

9. What's the benefit of using ZK proofs for IP?

ZK proofs allow verification of IP ownership and transactions without revealing sensitive details.

10: How does Genesis Protocol ensure interoperability with existing systems?

We're developing Genesis Protocol and standards to integrate with current IP management platforms.

11. What's the target market for Genesis Protocol?

We have already started integrating with movie rights with producer bazaar, with Genesis Protocol we are focusing on tech companies, authors and book, research and publications industry and already High IP related Organisations.

12: How does Genesis Protocol handle dispute resolution?

Our Dispute resolution system works with the help of both bitcoin and our data availability layers. Once a dispute resolution is raised, The first step is to verify the signature of the bitcoin taproot address that the tx is sent for, then the prover will give more details about the tx. The Verifier then verifies the originality by comparing the tx and data availability data.

13. How does Genesis Protocol address scalability concerns?

A: By leveraging Polygon CDK and Celestia, we can process thousands of transactions per second.

14. How does Genesis Protocol generate revenue?

Through transaction fees, premium features, and potential licensing of our technology.

15. How does Genesis Protocol handle regulatory compliance?

A: We're working with legal experts to ensure compliance with IP laws and regulations in major jurisdictions.

16. What advantages does Genesis Protocol offer over traditional IP offices?

Faster processing, lower costs, enhanced security, and global accessibility.

17. How will Genesis Protocol attract users from traditional IP systems?

By offering easier, faster, and more secure IP management, along with potential cost savings.