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Science and technology and its application to regional development
Economic development theorists ((Schumpter 1942), (Romer, 1994), (Solow, 1956)) have established the theoretical constructs of scientific and technological developments as foundations to innovative solutions in the form of products, processes and services to long-term socio-economic development and prosperity to high-end economies around the world. It is through the pervasiveness of these innovations within markets which then spurs a sustainable social transformation and long term economic growth within nations.
Loan management is a complex process that coordinates agreements among multiple stakeholders in such a way that each party benefits from the arrangement [2]. At the core of our work there is the Asset Token (ATK) which is a compliant ERC-20 token and used for all financial transactions in our proposed system. With this token in our private blockchain network [1], stakeholders can interact in a digital market. Our work includes a Non-Fungible Vehicle Token (VTK) and represents the physical vehicle. Users has access to the ownership of this NFT which prevents fraudulent transactions.
Globally, STEM scientists are the apex of novel innovation and cutting-edge research and development. While, patents are inextricably linked to innovation, research, and development, both undergraduate and graduate STEM students rarely invent, and those that do almost never invent twice. The thesis of this presentation is three-fold: (1) The understanding, value, benefits, and basics of intellectual property (IP) creation and invention are fundamentally missing in STEM curricula; (2) There are few (if any) incentives for STEM researchers to create and file patent applications within the University environment; and (3) Patent filling assistance programs (pro se) provide pro bono outreach and education to applicants. The key tenants of this presentation are reduced to practice as it relates to pro se patent filings of West Indies inspired invention to the United States Patent and Trademark Office (USPTO) in 2021 and 2022. Three examples of West Indies conceived and awarded IP by a lead inventor domiciled in Anguilla, BWI (Patent Nos. 10,934,168, 11,219,255, and 11,298,375). Further, a permanent patent filling, titled: “Innocuous Sterilant using Hemocyanin and Functionalized Fullerenes with Broad-Spectrum Intracellular and Interstitial Microbiocidal and Radical Scavenging Effects for Packaged Matter, Biologics and Organics including Liquids, Gases, Tissue, Organs, Cells, and Limbs with Copper Mediated Oxygenation for Viability and Preservation” is under review and awaiting a first office action offering broad evidence of origination of IP in the West Indies. As case studies for this presentation, two pieces of IP are examined: The permanent patent and a recently filed provisional application that teaches a minimally invasive and unassisted robotic surgical method for atomic scale manipulation of funtionalized nanoparticles to perform high precision “nano surgery”.
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