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These studies suggest that blockchain technology can revolutionize copyright and intellectual property by enhancing registration, management, enforcement, transparency, and fair compensation, while also reducing costs and online piracy.
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Blockchain technology, known for its decentralized, immutable, and transparent nature, has the potential to revolutionize various sectors, including the realm of intellectual property (IP) and copyright. This synthesis explores the impact of blockchain on copyright and IP, focusing on its potential benefits, challenges, and the evolving legal landscape.
Enhanced IP Management and Enforcement
Transparency and Trust
Smart Contracts and Automated Licensing
Challenges and Legal Considerations
Digital Rights Management (DRM)
Blockchain technology holds significant promise for transforming the management and enforcement of copyright and intellectual property. It offers enhanced transparency, trust, and efficiency through features like timestamping, traceability, and smart contracts. However, the full potential of blockchain in this domain can only be realized by addressing the associated legal and regulatory challenges. As the technology and its applications continue to evolve, it is crucial for legal frameworks to adapt to support and integrate these innovations effectively.
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