What currency should copyright blockchain applications issue (blockchain and copyright)

What currency should copyright blockchain applications issue? There are already multiple copyright service providers in China, but most of these platforms do not support the use of cryptocurrencies. For example, a company launched the “Infringement Dispute Resolution Platform” (referred to as “Rights Dispute”) in August 2018, and it has started developing systems for evidence preservation, traceability, and authorization based on blockchain technology. Beijing’s Haidian District has officially launched the project (referred to as “Cloud Security Chain”, or “Cloud Enterprise Information”).

According to the “Guiding Opinions on Internet Trial Practices of Beijing People’s Court,” the approval and publication of works involved in lawsuits by the National Copyright Administration shall be subject to review and recognition. If there is insufficient evidence to prove the disputed facts or to harm the interests of the copyright holder, the application materials can be submitted to the judicial appraisal center for confirmation as evidence.”

Blockchain and Copyright

According to news from Sina Technology, there are three trends worth paying attention to in copyright protection. The first is blockchain technology. Many countries are currently exploring the use of blockchain technology to solve intellectual property issues. The second is the most innovative technology – distributed ledgers and immutable record-keeping systems (DRM). With the rapid growth of digital content, the online production methods of internet creators are undergoing significant changes. Disputes over originality and ownership arising from the demand for online works, videos, or audio works are increasingly being litigated worldwide. The combination of blockchain technology with other emerging technologies can provide a new avenue for intellectual property owners to quickly, effectively, and efficiently reclaim, utilize, and manage their rights.