Introduction:
‘Traditional knowledge’ is the biggest boon and gift from our ancestors and every individual is free to access it. Traditional knowledge is “The customary practices of a particular community that passes down from generation to generation thereby becoming an inevitable part of daily routine”. The issue of monopolization of traditional knowledge in India began with the turmeric and from then on so many issues cropped up and have evolved into numerous other issues. Now this has become a huge menace as several indigenous customs revolve around traditional knowledge. Here the traditional knowledge takes a transformation from tradition to community. It is at this juncture …show more content…
Commercialization of Traditional Knowledge Before going into the need for commercialization of Traditional Knowledge, it is relevant to know what all can be commercialized under Traditional Knowledge. The following are the areas of Traditional Knowledge that can be commercialized:
1. The Ancient Practices: this can be in any form. It can be in cooking, for example adding turmeric in Indian dishes for the sake of antiseptic issues
2. Medical Treatment: the practices followed in the medical treatment while treating a patient
3. Knowledge: this knowledge can be grabbed from the books and thus can be practiced by learning from the sources given in the books. For example, the ancient book Sushruta Samhita written in sanskrit on medicine and surgery, authored by the Maharishi Susruta. The book contains the text on medicine and …show more content…
For example, the role played by the Traditional Knowledge in pharmaceutical research is immense that it paves way for the identification, development and clearly says the apt use and dosage of the drug. These pivotal valuable informations are gathered and studied through consistent observation, requires lot of skill and usage by local and indigenous communities. However, the traditional intellectual property system does not recognise this as the “valuable innovation”, because the IP Law says innovation must be something which must be modified form of the previous form and hence when the IP law doesn’t consider this to be an innovation definitely the access to these resources are available freely. All these had forced some countries to develop their own sui generis systems for the protection of traditional knowledge by setting up their own parameters and modalities based on the prevailing conditions. Most of the time the objectives laid under these sui generis systems deals mainly with the determination of subject matters that can be protected, conferring and possession of ownership rights and procedure for acquiring these rights. Also the sui generis systems protected under one national