Ponomarchenko A.Y. Blockchain Technology in Copyright

DOI: https://doi.org/10.15688/lc.jvolsu.2021.4.20

Anastasia Y. Ponomarchenko, Senior Lecturer, Department of Financial and Business Law, Volgograd Institute of Management, Branch of the Russian Presidential Academy of National Economy and Public Administration, Gagarina St, 8, 400066 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-5476-7931

Introduction: the paper examines the potential of blockchain technology and blockchain-based smart contracts in respect of copyright. Copyright has long been secured through technical means, in particular, through digital rights management. With the advent of blockchain technology, a new era is expected in the field of administration and enforcement of copyright using computer code, therefore, the author sets the goal of investigating the essence and capabilities of blockchain technology. Methods: the methodological framework for the study is a set of methods of scientific cognition, among which the main ones are the methods of consistency and analysis. Results: based on the analysis of the experience of foreign countries, the essence of blockchain technology and the smart contract is investigated. The paper presents the recommendations on the use of blockchain technology as a form of regulatory ordering, which can express public and private goals. Conclusions: as a result of the study, the role of blockchain as one of the methods of copyright protection and its potential is identified, and also how blockchain technology can affect the ways of distributing copyrighted content in the digital world is considered. It is established that such a technology can provide an unprecedented level of access to copyright information, transparency, and traceability of its subsequent changes. The instant receipt of remuneration and the availability of the technical possibility of sovereign ownership of the produced digital content are attractive to copyright holders. Blockchain technology has gained universal attention as a developing information security system and over the years will become a powerful component of protecting the results of intellectual activity.

Key words: copyright, blockchain, smart contract, cryptocurrency, bitcoin.

Citation. Ponomarchenko A.Y. Blockchain Technology in Copyright. Legal Concept = Pravovaya paradigma, 2021, vol. 20, no. 4, pp. 148-152. (in Russian). DOI: https://doi.org/10.15688/lc.jvolsu.2021.4.20

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