Blockchain technology offers promising solutions for managing intellectual property (IP) rights, ensuring transparency and protecting creators' work. By recording IP assets on a blockchain, creators can establish proof of ownership, track the usage of their work, and receive fair compensation through smart contracts. This is particularly valuable in industries such as music, art, and publishing, where IP theft and mismanagement are prevalent. As blockchain adoption grows, it will play a crucial role in safeguarding intellectual property and fostering a fairer creative economy.
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