The article is dedicated to investigate the problem of influence of cutting edge digital technology on the virtual and real legal relations, related to the movement and the turnover of intellectual property. Using the method of analyzing modern definitions of blockchain, and relying on the politicaleconomic theory of social redistribution of wealth, authors define the term blockchain and its principles as a technological paradigm. Authors conclude the fact that blockchain can be used to guarantee intellectual property rights and it should be accepted at the national level. As a mechanism of a trusted environment, blockchain allows to reduce transaction costs and increase the level of commercialization of intellectual property.

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The article analyzes the best practices in the legal guaranteeing of the commercialization of intellectual products that were tested by the leading governments in innovation development. Authors rely on the fact that legal definition of the functions of government entities in innovation and coordination is necessary to come up with a unified state approach in prioritized directions of innovation policy. The article proves that the transfer of property rights and the opportunity of commercial to those who came up with intellectual products , will act as a stimulus to improve the effectiveness of technological innovation and will attract private investors, as well as expand the market for intellectual products. The study analyzes the opportunities to utilize the mechanisms of legal integration, coordination, unification in order to solve the problems in the sphere of commercialization of intellectual assets. Authors deduce that legal regulation of commercialization of results from intellectual activity is not possible at early stages of national principal of legal protection, and there is a need for a step-by-step transition towards the integration of legal regime of intellectual property in the scale of intergovernmental societies that are connected by mutually beneficial economic interests.

This article examines the societal affairs arising from the digital economy and how these influence the system of state regulation. The authors propose and justify a structural model of a legal mechanism to regulate the digital economy based on results of a critical analysis of Russian Federation and European Union experiences. The research indicates the need to include both centralized and decentralized elements in a mechanism for such regulation and to reconcile these elements by balancing the legislative potential of private entities and the conservative justice approaches of legislators.

The article analyzes the best practices in the legal guaranteeing of the commercialization of intellectual products that were tested by the leading governments in innovation development. Authors rely on the fact that legal definition of the functions of government entities in innovation and coordination is necessary to come up with a unified state approach in prioritized directions of innovation policy. The article proves that the transfer of property rights and the opportunity of commercial to those who came up with intellectual products , will act as a stimulus to improve the effectiveness of technological innovation and will attract private investors, as well as expand the market for intellectual products. The study analyzes the opportunities to utilize the mechanisms of legal integration, coordination, unification in order to solve the problems in the sphere of commercialization of intellectual assets. Authors deduce that legal regulation of commercialization of results from intellectual activity is not possible at early stages of national principal of legal protection, and there is a need for a step-by-step transition towards the integration of legal regime of intellectual property in the scale of intergovernmental societies that are connected by mutually beneficial economic interests.