The global brand database is like a giant book that keeps track of all the names and symbols that companies use to sell their products. Just like how you have a name and your favorite toy might have a name too, companies also have names and symbols to help people recognize and remember them.
Now, imagine if you had a big book that had the names and symbols of all the things you owned and loved, like your toys and clothes. That's what the global brand database does, but for companies.
But why is this important? Well, think about when you go to the store with your mom or dad. You might see lots of different products from different companies. Some might have a catchy name or a cool logo that you like. The global brand database helps keep track of all these names and symbols so that companies can protect their ideas and make sure nobody else copies them.
For example, let's say you have a favorite cereal and it has a special name and a picture of a tiger on the box. The company that makes the cereal can register these in the global brand database so that nobody else can use the same name or picture for their own cereal. This way, when you see that special name and picture, you know right away that it's your favorite cereal.
The global brand database also helps companies to understand if their ideas are original or if someone else has already thought of them. It's like a big library that companies can use to check if their name or symbol is already being used by someone else.
So, in a nutshell, the global brand database is like a giant book that keeps track of all the names and symbols that companies use to sell their products. It helps companies protect their ideas and helps people recognize and remember their favorite brands.