Smart contracts, IPRs, inclusivity

Abstract

This chapter discusses how blockchain and smart contract technologies have the potential to revolutionize the intellectual property (IP) domain, especially in copyright. By tokenizing works, ownership metadata, licensing terms, and remuneration, these technologies can automate and standardize a multitude of IP-related transactions. Smart contracts can authorize the use and exploitation of copyright-protected content and ensure proper remuneration. Furthermore, blockchain technology can help businesses manage copyright registration requirements more efficiently, reduce administrative burdens, and costs, and enable direct payments and cross-border transactions. These benefits can drive inclusivity and expand access to formal IP services, especially for micro, small, and medium-sized businesses. Platforms like Blockpool and the Mycelia Project are already using blockchain and smart contracts to create more inclusive financial ecosystems for creators, helping them reach new audiences, enter partnerships, and receive direct payments. As the finance world evolves, blockchain and smart contract technologies offer durability and flexibility for businesses of all sizes.