Enhancing intellectual property rights management through blockchain integration

Abstract

The generational improvement has significantly converted several industries, and the area of intellectual property rights (IPR) isn’t any exception. IPRs, being as important as they are, need to be securely managed in some way. Blockchain, with its decentralized and immutable nature, gives a promising answer for enhancing the management of intellectual property (IP). This paper explores the strategic integration of blockchain generation for the control of IPR. The proposed system consists of a complete system, from registration and validation to predictive evaluation and royalty distribution, all facilitated through clever contracts. The use of zero-knowledge proofs guarantees the safety and confidentiality of sensitive information. The paper discusses the advantages and future implications of implementing this type of device.