This work aims to expand the understanding on the nature of institutional innovation and the goal of knowledge innovation of intellectual property (IP) law in the era of big data (BD) and to avoid the risks of information security in the IP service system. On the basis of the era of BD, the nature of institutional innovation and the goal of knowledge innovation in IP law are systematically discussed. Combined with smart contract (SC) technology, an IP service system based on blockchain technology is designed to ensure the security of IP services. The SC is optimized from the perspective of concurrency, and the contract transactions (CTs) are clustered. Moreover, considering the execution time (ET) and available resources of CTs, a speculative concurrency control algorithm that can realize intelligent contract scheduling is proposed. On the basis of the ciphertext-policy attribute-based encryption (CP-ABE) algorithm, a policy-updatable attribute encryption algorithm is designed. The improved CP-ABE algorithm includes six steps: system initialization, attribute private key generation, encryption, decryption, ciphertext policy generation, and ciphertext policy update. The identity parameter of the traceability manager is introduced into the improved CP-ABE scheme, which significantly increases the amount of computation of bilinear mapping, thus resulting in the time cost of encryption and decryption being approximately 350 ms and 300 ms higher than that of the CP-ABE scheme. Using the technical mode of “blockchain + SC,” the design of the IP service system is realized, which has important reference value for the institutional innovation of IP law.
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