APPLICATION OF BLOCKCHAIN TECHNOLOGIES FOR PROTECTION OF INTELLECTUAL PROPERTY
Alla Dombrovska · PUBLIC ADMINISTRATION AND LAW REVIEW · 2021
Blockchain technology could be used to create and maintain any database or ledger that can record and track transactions and assets and can be widely accessible to the public or large groups, depending on the permissions granted.The aim of the article is to study the legal aspects of DL-technologies regarding intellectual property protection, IP-ownership, transfer of IPrights.The methodology of this study implies the use comparative analysis, the study of domestic and foreign researches, studying blockchain transformation processes of the law system in Ukraine on intellectual property.Considering the security, transparency, and immutable nature, blockchain can be applied for managing intellectual property (IP) rights such as patents, copyrights, trademarks, and industrial designs.The potential IP-related application of blockchain is verifying the authenticity of ownership.Due to its possibility to record, share, and synchronize transactions in its respective electronic ledgers, blockchain technology can be used as a platform where inventors can place their inventionsdigital works in the form of ledgers thereby acting as an intellectual property marketplace.The application of smart contracts has increased the utility of implementing blockchain to protect one's intellectual property.