Blockchain Technology Will Not Replace Copyright Offices Just Yet
Blockchain technology has a wide variety of use cases, most of which are waiting to be discovered by aspiring developers and entrepreneurs. Distributed ledgers can play a significant role when it comes to issuing copyright claims, as tamper-proof timestamped logs can be created and made publicly available at the same time. But that doesn’t mean such....
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The many uses and proposed uses for blockchain technology include smart contracts, decentralized payment systems, insurance claims, supply chain management, health records management, land title registration, energy grid management and now protection from copyright infringement. Websites like Blockai, Pixsy, TinEye, Ascribe, Mediachain and Proof of Existence promise to use blockchain technology to register and protect against copyright infringement. They understand that a public decentralized ledger like the blockchain is ideal for cataloging and storing original works of art, documents,....
Fox uses an existing Youtube video in an episode of Family Guy, then complains about copyright infringement and takes down the video. This is just one of the many cases where large media organizations have unfairly used the provisions of the Digital Millennium Copyright Act (DMCA). Could blockchain provide a foolproof and fair way of dealing with copyright infringement disputes? Copyright laws protect online service providers. The Digital Millennium Copyright Act (DMCA) is a US law enacted in 1998, which helps media companies fight copyright infringement. The law provides stringent....
Blockai now allows online content creators to claim cryptographic proof of their works to be recorded on the Bitcoin blockchain so that it gives basic copyright protection which can help owners remove copyright violations. Registering a copyright with Blockai will remain free forever. CEO Nathan Lands says to TechCrunch: “The blockchain is the perfect solution for providing proof of creation. It’s a permanent immutable record. Meaning, once the record is there, it’s there forever and will never change.” Copyright protection as profitable business. According to Blockai, copyright protection....
The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs. SIAE Expects to Guarantee Copyright Protection With NFTs for the Next 139 Years According to the announcement, Società Italiana degli Autori ed Editori (SIAE), founded in 1883, picked Algorand to manage the rights of over 95,000 authors in the form of non-fungible tokens. Both parties had been working on the project since 2019, said Algorand. In a first instance, 4....
Ever since the Internet became a mainstream tool, one of the main concerns has been how users would be able to get content through illegal means. Piracy is a daily occurrence in the Internet world, regardless of whether the media in question is a book, tv show, movie, or audio track. The Authors Guild is calling for a major revamp of the copyright law to help combat this perceived problem. Whether or not the US Copyright Law needs a massive overhaul has been a topic of debate for quite some time. Ever since the inception of the Internet, the playing field has drastically changed, whereas....