Now, let's see the potential impact of blockchain on media downloads such as music or films, software installations, and other products that have to do with intellectual property (IP).
Intellectual property management is another field where the implementation of blockchain-based solutions could have an important impact. IP is a hot topic in the internet age.
By using a distributed ledger to manage IP rights, artists, authors, and businesses can have tamper-proof evidence of ownership of their IP and copyright protection. They can also use smart contracts in an ecosystem that allows smart IP rights management.
Let's consider what each of these developments means separately:
One of the most important aspects when talking about IP rights is their registration and protection. In most legislations, IP rights, trademarks, and copyrights...