Intellectual Property Blockchain
Saeed Ali Faris Alketbi, Massudi Mahmuddin · 2024
Intellectual Property (IP) management is of paramount importance in the contemporary business landscape, serving as a safeguard for the creative endeavors of inventors, artists, and entrepreneurs. Recognizing the intrinsic vulnerabilities within the realm of IP, governments worldwide are increasingly exploring the transformative potential of blockchain technology. This exploration is rooted in the pursuit of rendering IP management more efficient, transparent, and secure. Moreover, it extends to leveraging blockchain for the governance, protection, and enforcement of intellectual property rights. The research outlined herein underscores the global commitment to enhancing IP protection, with a particular focus on Blockchain Intellectual Property initiatives led by government bodies. This study offers an in-depth exploration of Blockchain Intellectual Property, shedding light on its efficacy in protecting virtual assets, fostering innovation and growth, while also acknowledging its inherent limitations and implementation challenges. Additionally, it delves into the stance of the World Intellectual Property Organization (WIPO) and the United Arab Emirates' (UAE) support for blockchain, presenting practical applications and insights gleaned from the WIPO white paper.