Amalgamation of Blockchain and Smart Contracts in Copyright

Abstract

Technology development is in full swing during the fourth industrial revolution. Numerous modifications to the service platform throughout the years have begun to be apparent. Technology and copyright exist on a vague wavelength. Furthermore, blockchain is a flexible technology with a wide range of potential uses. In particular, the article looks at how copyright might use blockchain technology to manage and distribute works that are copyrighted. The problems and challenges that can arise from such use are also examined. Blockchains have attracted a lot of interest globally. There are undoubtedly many obstacles to be solved but if they are and blockchain-based systems are successful in proving their viability in the copyright arena they have the potential to completely change the way copyright law is exercised. Certainly, there are few challenges that need to be overcome but if they are and blockchain based systems are successful in demonstrating their viability in the copyright space, they have the potential to transform copyright.