Blockchain’s Role in Intellectual Property Rights and Copyright Protection

The digital world keeps advancing and keeps getting better over the time and one of the reason. The issues that we have been facing is that there is challenges in intellectual property and most of the time have been that one of the copyright protection. Blockchain technology is really changing massively and the way Decentralised and Immutability features that she has can addressed the things. Nowadays, a lot of creators and owners are now making use of Blockchain technology to make use of it to secure their intellectual property for right managements and trust in the ecosystem.

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There are issues and challenges of IP and copyright protection. Intellectual property actually is ranging from the aspect of music to art to the literary works but the issue of risk is affecting the digital age. There is duplication issues with those literacy works and is affecting a whole lot of things. Most of the time, people have been using the traditional methods like the copyrights registration to address those types of issues.

Now coming to talk about ways that Blockchain actually helps to address those certain issues is that it first of all makes the record of ownership to be immutable. What do I mean by that? As many of us, the main feature of the Blockchain is that it is Immutable in nature which means that once a data is recorded, it can not be altered any longer. This particular feature makes it the best for creators to help protect their ownership against their work that is mostly recorded using the Blockchain technology.

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The second one is the aspect of the smart contracts for the licensing and royalties. Blockchain will be able to make use of the smart contracts to help carry out agreements that is written making use of codes and these codes will be difficult to alter because it can be automated. This makes sure that a musician can with ease receive their royalty with ease actually.

Then the last one is the global accessibility and Decentralisation because making use of the traditional copyright system is needed because you will be able to make use of the centralised authorities as needed. In fact I believe you will need the Blockchain Decentralised system and the nature so that everyone can be carried along and see for themselves also. The Transparency is really key for the creative supply chain as it is very needed actually I must confess.