Blockchain Technology: A Game-Changer in Copyright Administration, Says Law Professor
Summary:
A study by Dr. Peter Yu from Texas A&M University School of Law suggests that blockchain technology could revolutionize copyright administration on national and international levels. The research emphasizes the immutability, transparency, traceability, and disintermediation benefits of blockchain, explaining how this technology could help to track the entire lifecycle of a copyright registration, fostering global cooperation, and reducing dependence on government bodies. This could lead to an artist or business-led copyright system where intellectual property is registered and managed independently of the state.
Recent research by a law professor from Texas A&M University School of Law delved into potential applications of blockchain technology in copyright management. The study suggests a transformative role of blockchain in governing intellectual property on both national and international fronts. Dr. Peter Yu, the sole author of the study, who also serves as the Regents Professor of Law and Communication and Director at the university's Center for Law and Intellectual Property, highlighted the unchangeable nature of blockchain, making it ideal for incorporation within the intellectual property landscape. The study indicated that once any transaction gets recorded in a blockchain, it becomes nearly impossible to modify the records. To correct any inaccuracies, a fresh transaction must be added to the blockchain, enhancing the appeal of this technology for copyright registration, licensing records, and ownership storage.
Dr. Yu also illustrated how the blockchain ledger could be advantageous for copyright management, offering an effective way to confirm the status of any record, such as determining if a copyright has entered the public domain or been orphaned. The research also identified traceability, transparency, and disintermediation among the advantages of using blockchain technology. Traceability is understood as the capacity to track the entire lifecycle of a copyright registration from its creation. Making this information openly available via a blockchain explorer could usher in a new level of transparency, surpassing those provided by conventional server-based record systems.
The study also underscored disintermediation, a characteristic of blockchain that enables it to function without the need for any supervising entity. As per the research, this technology encourages worldwide collaboration irrespective of the involvement or endorsement by governments or intergovernmental organizations. Dr. Yu conjectured that these advantages might pave the way for an artist or business-driven copyright system where intellectual property gets registered and moderated free from government influence.
Published At
11/2/2023 6:15:00 PM
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