Intellectual property Protection by Blockchain
Intellectual property (IP) rights are at stake nowadays in this digital world. In many Third World countries, you will not find any artist doing well with their creativity. Many writers, singers, and actors quit their jobs due to piracy issues where intellectual property rights are not maintained. Books are being converted to PDF, and music, movies, etc are available to all after the release. This is the problem of digital society. But there is a nice solution to this problem as well. By using the decentralized and transparent nature of blockchain, innovators and content creators can establish a secure and immutable record of their intellectual property assets. This way they can ensure the integrity and authenticity of their creations while mitigating the risks of copyright infringement and unauthorized use. The integration of blockchain in intellectual property management is the solution.
Blockchain technology can provide a digital rights management system by recording digital content ownership and licensing information on a decentralized ledger. Creators can establish irrefutable proof of ownership and timestamp their creative works. It will be able to provide verifiable shreds of evidence of the creation date and originality of its intellectual property assets. Using cryptographic hashing and digital signatures, blockchain-based timestamping ensures the immutability and integrity of intellectual property records. The disputes and conflicts related to copyright infringement and intellectual property ownership can be mitigated in this way.
Royalty is the main problem for creative content creators because they don’t know about the sale of copies. But in the blockchain system, it is cool and simple. Blockchain provides transparent and automated royalty distribution mechanisms. So, the content creators can receive fair and timely compensation for the use and distribution of their intellectual property assets. Smart contracts and decentralized payment systems integrated into blockchain networks. These two automatic features can ensure the seamless and efficient distribution of royalties and micropayments.
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VEIGO (Community Mod)
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