By: Dr. Birgit Clark
Introduction
Blockchain and related distributed ledger technologies (“DLT”) remain a hot topic beyond the world of fintech. Owing to the fact that it enables a secure, incorruptible chain of information, blockchain technology is increasingly being applied to new applications in IP-heavy industries, brand protection and enforcement, marketing and customer engagement—and has been on the radar of various governmental agencies, including the EUIPO, EPO, USPTO, UKIPO, the Australian and Russian Intellectual Property Offices and WIPO.
In the context of IP-heavy industries, blockchain and related distributed ledger technology offer obvious possibilities for evidencing IP protection and registration, either at the registry stage or in court during infringement proceedings. It also could offer a cost-effective way to speed up such processes. Potential use cases include: evidencing creatorship and provenance authentication, registering and clearing IP rights; controlling and tracking the distribution of (un)registered IP; providing evidence of genuine and/or first use in trade and/or commerce; digital rights management (e.g. online music sites); establishing and enforcing IP agreements, licenses or exclusive distribution networks through smart contracts; and transmitting payments in real-time to IP owners.
Read more >> https://stanford-jblp.pubpub.org/pub/blockchain-and-ip-law
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