Satoshi

Bitcoin

<div class="sg-post-des">
 According to the research, blockchain provides several game-changing benefits for intellectual property licensing and management.
</div>
<div class="cointelegraph">
 A professor from the Texas A&amp;M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “domestically and internationally.”&nbsp;
 Dr. Peter Yu, the Regents Professor of Law and Communication and Director of the Texas A&amp;M University School of Law’s Center for Law and Intellectual Property, and the paper’s sole author, asserts that blockchain’s immutability makes it a prime candidate for integration with the intellectual property system.
 Per the paper:
 <blockquote>
 "On a blockchain, once a transaction has been recorded, it is virtually impossible to&nbsp;alter that record. Should the transaction be wrongly recorded, a new transaction will have to be hashed into the blockchain to provide correction. The immutability feature has therefore made blockchain technology very attractive for registering copyright, storing ownership and licensing records, or completing other similar tasks."
 </blockquote>
 Dr. Yu continues to explain that, particular to the <a rel="noopener noreferrer nofollow" title="copyright" href="https://thebittimes.com/tag/copyright.html">copyright</a> system, the <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> ledger can provide a method by which people can determine the status of a particular record, such as whether the <a rel="noopener noreferrer nofollow" title="copyright" href="https://thebittimes.com/tag/copyright.html">copyright</a> has fallen into public domain or become orphaned.
 Other benefits, according to the research, include traceability, transparency, and disintermediation.
 Related: Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on
 Traceability is defined in the paper as the ability to trace the entire lifecycle of a registration on the <a rel="noopener noreferrer nofollow" title="copyright" href="https://thebittimes.com/tag/copyright.html">copyright</a> ledger from its inception. Making that information available to the public via a <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> explorer or similar method would provide an additional layer of transparency not available through traditional server-based records systems.
 The final benefit discussed in Dr. Yu’s paper, disintermediation, involves blockchain’s ability to operate independently of a governing body.
 Per the paper, “without dependence on a trusted intermediary – such as a government, a bank, or a clearinghouse – the&nbsp;technology supports global cooperation even in the absence of the participation or support of governments or intergovernmental bodies."
 Dr. Yu speculates that these benefits could lead to an artist/business led <a rel="noopener noreferrer nofollow" title="copyright" href="https://thebittimes.com/tag/copyright.html">copyright</a> system where intellectual property is potentially registered and mediated independently of the state.
 <template data-name="subscription_form" data-type="law_decoded"></template>
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/law-professor-says-blockchain-tech-could-revolutionize-copyright-offices-tbt68873.html">https://thebittimes.com/law-professor-says-blockchain-tech-could-revolutionize-copyright-offices-tbt68873.html</a>

Law professor says blockchain tech could ‘revolutionize’ copyright offices

TheBitTimes

Other articles published on Nov 2, 2023

SOL Reaches $46 – Is $100 on the Horizon?

International consensus on AI safety

Bitcoin Price Resumes Rally, Another 5% Increase On The Cards?

Crypto Prices Today: Market Surges As BTC, Pepe Coin, TIA Rally

Segini Cuan Bitcoin Jika Investasi US$1000 Setelah Eyang Warren Buffett Bilang "BTC Racun Tikus"

Swiss Bank SGKB to Provide Bitcoin and Ethereum Trading with SEBA Partnership

Join our free newsletter for daily crypto updates!