I assume this situation also holds true for those using LabView to build their virtual instruments. IP wasn't really an issue for us since we have decided to open-source our project to broaden the knowledge of the public:
https://github.com/Maritime-Robotics-Student-Society/sailing...
As a note, in Python, there is pyconcrete for code encryption. https://github.com/Falldog/pyconcrete
https://www.mathworks.com/help/matlab/matlab_prog/protect-yo...