Hey there, this is a medical scientist calling across the interwebs to any techies out there willing to help tackle this issue. Currently the medicines and healthcare industry is undergoing massive disruption because clinical trials are becoming too expensive. Historically Intellectual Property has always been held by just one entity (big pharma), but the economy is now moving towards distributed IP to handle the cost (IP-backed securities, IP-backed loans), yet protection of these investments can only poorly be handled by the furious writing of a few expensive lawyers. This model is likely to have completely collapsed within 10-20 years.
It has been established for centuries how IP-protection can handle 'tangible' assets; for example the patent on the motor car. But the majority of the innovative technologies today are 'intangible'; drug patents, theories, financial instruments,
Perhaps people working with Ethereum are used to the idea that the work needs to be done by a computer? In Biology only some of this can, such as molecular modelling, though the majority is done by people thinking and working in laboratories and institutions, resulting in publications and reports. Does this mean these activities are excluded from the presence of Ethereum? Does it have potential outside of the computer? When scientist publishes their material it is essentially freely available, this is seen by most as an ethical step, though this loses the opportunity for the idea to be financed and grow to point where it has sufficient capital to pass through clinical trials (these cost about $5Bn per drug). Could Ethereum make it possible for ideas to remain available but also investment-worthy? My question is this: Can Ethereum tackle intangibles better than people? Please let me know if there is anything I should be reading about.