The idea is to offer a patent or group of patents as "unit licence rights" (ULRs), which can be bought and sold like shares.

该公司的构想是将专利单个或打包成授权的专利组合提供，这些专利可以像股份一样买卖。

youdao

If a company wants to use the technology in 100, 000 cars, it buys 100, 000 ULRs at the market price.

ECONOMIST: An intellectual-property exchange

ULRs are also expected to be traded on secondary markets.

ECONOMIST: An intellectual-property exchange

The scale of ULRs requires that they be cloud-based.

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