Use of Blockchain in Securing Intellectual Property Records
DOI:
https://doi.org/10.63345/sjaibt.v2.i4.110Keywords:
Blockchain, Intellectual Property, Digital Rights Management, Copyright Protection, Patent Records, Trademarks, Distributed Ledger Technology, Smart Contracts, IP SecurityAbstract
The exponential growth of digital technologies and globalization has redefined the importance of intellectual property (IP) as a cornerstone of innovation-driven economies. However, conventional systems of intellectual property protection remain inadequate in the face of digital piracy, counterfeiting, cross-border disputes, and administrative inefficiencies. Centralized IP registries, often burdened with bureaucratic delays and limited interoperability, struggle to provide the necessary speed, transparency, and trust that modern creators and businesses demand. Blockchain technology, characterized by its immutability, decentralization, and transparency, offers a paradigm shift in the secure management of intellectual property records. By leveraging distributed ledgers, blockchain enables tamper-proof timestamping of creative works, verifiable ownership claims, automated licensing agreements via smart contracts, and enhanced global recognition of IP rights.
This manuscript investigates the use of blockchain in securing intellectual property records through a comprehensive analysis of existing literature, case studies, and simulated models. It evaluates blockchain’s efficiency in registration, cost reduction, dispute mitigation, and enforcement compared to traditional IP frameworks. Findings demonstrate that blockchain-based IP registries reduce average registration time by over 60%, lower administrative costs by nearly 35%, and significantly decrease infringement disputes by approximately 45%. Furthermore, blockchain fosters trust among creators, consumers, and institutions by ensuring immutable record integrity and facilitating transparent royalty distribution. The study emphasizes that blockchain has the potential not only to modernize IP protection but also to democratize access by allowing smaller creators and startups to safeguard their innovations without prohibitive costs.
The paper concludes that while blockchain cannot fully replace existing legal frameworks, it can complement and enhance them by providing a secure, interoperable technological infrastructure. This integration holds the promise of a new era of intellectual property governance, one in which innovation is more fairly protected, monetized, and globally harmonized.
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