What is an Intellectual Property Rights Smart Contract
An intellectual property rights smart contract is an agreement recorded on the blockchain, stating that a specific individual or business may do certain acts without infringing the owner's intellectual property rights; at the same time its confirms ownership of the property to the author.
identity information on the blockchain
specific personal information
Merge with other
Piracy and authorship violations are a big issue within the entertainment industry. Musicians, photographers, writers, and other artists are deprived of their royalties due to the dishonest exploitation of their intellectual property.
Making a transparent registry of authorship on a blockchain is an ambitious example of how smart contracts may improve the current state of affairs. For instance, whenever someone downloads your novel or stock photo, you get a refund automatically.Moreover, your rights are registered securely, and no one would be able to alienate them.