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Intellectual Property Chain

Definition

An Intellectual Property Chain refers to the use of blockchain technology to manage and protect intellectual property rights. This application involves recording ownership, creation dates, and licensing agreements for digital assets, creative works, or inventions on a distributed ledger. It provides an immutable and transparent record, simplifying the verification of authenticity and tracking of usage rights. The goal is to enhance the security, traceability, and monetization of intellectual property by leveraging blockchain’s inherent properties.