Law professor says blockchain tech could ‘revolutionize’ copyright offices
According to the research, blockchain provides several game-changing benefits for intellectual property licensing and management. A professor from the Texas A&M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “domestically and internationally.” Dr. Peter Yu, the Regents Professor of Law and Communication and Director of the Texas A&M University School of Law’s Center for Law and Intellectual Property, and the paper’s sole author, asserts that blockchain’s immutability makes it a prime candidate for integration with the intellectual property system. Per the paper: "On a blockchain, once a transaction has been recorded, it is virtually impossible to alter that record. Should the transaction be wrongly recorded, a new transaction will have to be hashed into the blo...