Blockchain Technology Will Not Replace Copyright Offices Just Yet
Blockchain technology has a wide variety of use cases, most of which are waiting to be discovered by aspiring developers and entrepreneurs. Distributed ledgers can play a significant role when it comes to issuing copyright claims, as tamper-proof timestamped logs can be created and made publicly available at the same time. But that doesn’t mean such....
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The many uses and proposed uses for blockchain technology include smart contracts, decentralized payment systems, insurance claims, supply chain management, health records management, land title registration, energy grid management and now protection from copyright infringement. Websites like Blockai, Pixsy, TinEye, Ascribe, Mediachain and Proof of Existence promise to use blockchain technology to register and protect against copyright infringement. They understand that a public decentralized ledger like the blockchain is ideal for cataloging and storing original works of art, documents,....
Fox uses an existing Youtube video in an episode of Family Guy, then complains about copyright infringement and takes down the video. This is just one of the many cases where large media organizations have unfairly used the provisions of the Digital Millennium Copyright Act (DMCA). Could blockchain provide a foolproof and fair way of dealing with copyright infringement disputes? Copyright laws protect online service providers. The Digital Millennium Copyright Act (DMCA) is a US law enacted in 1998, which helps media companies fight copyright infringement. The law provides stringent....
Blockai now allows online content creators to claim cryptographic proof of their works to be recorded on the Bitcoin blockchain so that it gives basic copyright protection which can help owners remove copyright violations. Registering a copyright with Blockai will remain free forever. CEO Nathan Lands says to TechCrunch: “The blockchain is the perfect solution for providing proof of creation. It’s a permanent immutable record. Meaning, once the record is there, it’s there forever and will never change.” Copyright protection as profitable business. According to Blockai, copyright protection....
The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs. SIAE Expects to Guarantee Copyright Protection With NFTs for the Next 139 Years According to the announcement, Società Italiana degli Autori ed Editori (SIAE), founded in 1883, picked Algorand to manage the rights of over 95,000 authors in the form of non-fungible tokens. Both parties had been working on the project since 2019, said Algorand. In a first instance, 4....
Blockchain technology has been tapped for its various applications in record-keeping, be it for digital files or banking-related databases. Can the underlying technology behind bitcoin also be used to streamline intellectual property rights in the music industry? In particular, a public ledger could introduce significant innovations for copyrights, particularly for derivative work, such as those shared through the app SoundCloud. This app allows users to make remixes of existing songs and share these with their followers, but this has raised the issue of copyright infringement. Music....