Block chain can be implemented in intellectual property industry. The traditional regulatory agencies in the industry has a very slow process of verification and approval of an invention. Block chain will solve this problem by enabling decentralized storage of data, open the market to quick acess of inovations and approval time and eliminate third party reliances which invariably would ensure safety of information and make record more trust worthy. The ledger would also hold IP rights that will allow for provenance authentication. Also there are some IP rights that cannot be registered with the traditional process, they would be time-stampedly recorded on the block chain. It would own proof of ownership of the creator in court during infringement of rights.