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Courts and other administrative bodies may need to adapt their understanding and interpretation of copyright law and the available remedies for infringement to address the unique advantages and challenges of blockchain technologies. James Cooke of Duane Morris reports.
Distributed ledger technologies, such as blockchain, provide a cryptographically secure, immutable and decentralised mechanism for storing and synchronising data across not only organisations, but also geographic and political borders.
Although early blockchain implementations facilitated transactions in cryptocurrencies such as Bitcoin and Ethereum the disruptive nature of blockchain technologies now impacts nearly every segment of the financial industry. It has extended to a wide variety of other industries, businesses and organisations such as, but not limited to, the healthcare industry, the transportation and shipping industry, cloud storage providers and providers of digital content.
Indeed, some digital content providers now look to blockchain technologies not only as a tool for securely and immutably recording ownership interests in digital content, and for securely and immutably tracking royalty payments derived from authorised use of the digital content, but also as an integral component in a mechanism for storing and distributing that digital content to authorised users in a decentralised, cryptographically secure and immutable fashion.
Duane Morris, blockchain, copyright infringement, digital content, ownership, security, transactions, data, emerging technologies, cryptographically