Blockchain-Based Solutions for Intellectual Property Rights Management

Abstract

The rapid advancement of digital technologies has revolutionized intellectual property (IP) creation and distribution but has also increased challenges such as unauthorized use, lack of transparency, and inefficiencies in rights management. Blockchain technology offers transformative potential to address these issues by providing decentralized, secure, and transparent frameworks for managing intellectual property rights. This paper explores blockchain-based solutions for IP rights management, focusing on their ability to enhance copyright protection, streamline licensing, and ensure fair compensation for creators. Key features such as immutability, smart contracts, and tokenization are discussed, highlighting their role in automating licensing agreements, reducing disputes, and ensuring equitable revenue sharing. Additionally, challenges related to scalability, interoperability, and regulatory compliance are examined. Case studies of existing blockchain applications in IP management are presented to demonstrate practical implementations and their impact. This study concludes that blockchain technology holds promise for reshaping IP rights management, fostering innovation, and promoting a fairer creative economy.