Smart Contracts and Copyright Management: A Significant Change in Intellectual Property Rights
Annotatsiya
The integration of smart contracts within blockchain technology represents atransformative approach to intellectual property rights (IPR) management, fundamentally altering traditional copyright enforcement mechanisms. This article demonstrates how distributed computer networks combined with automated regulatory devices provide superior alternatives to conventional IPR handling methods. Smart contracts reduce the need for arbitration through automated execution of predetermined terms and coding protocols. The implementation of blockchain-based smart contract systems enhances proprietary rights management, which can be particularly relevant for the BRICS nations currently facing evolving digital governance challenges. Research indicates that automated proprietary system networks are progressively superseding traditional IPR management approaches. The development of automated governance systems, coupled with decentralized IPR frameworks, presents both opportunities and regulatory challenges for the BRICS countries. Embedded payment mechanisms within smart contracts ensure automatic royalty distribution when copyrighted content is accessed, eliminating manual processing burdens and associated costs for creators. The implementation of smart contracts also enhances agreement integrity and reduces plagiarism risks through the use of immutable blockchain records. This study examines how organizations can establish enhanced trustworthiness and optimize digital business processes through blockchain-based copyright management. Advanced analytical tools accelerate the understanding of both the benefits and limitations within current copyright frameworks. Users are able to seamlessly access blockchain systems, creating multiple account types as required. Every blockchain entry provides transparent records of content usage and account activities. The digital system prevents misrepresentation by maintaining visible platform activities that are accessible to all stakeholders, ensuring comprehensive transparency of development and execution history for all agreement participants.