Advocate Yash Lotlikar
ABSTRACT
This study explores the potential of blockchain technology to revolutionize the management of Intellectual Property Rights (IPR). As industries increasingly face challenges such as IP infringement, inefficiencies in registration, and difficulties in global enforcement, blockchain offers a decentralized, transparent, and secure solution. By leveraging its immutable ledger system and smart contract capabilities, blockchain can streamline IP registration, licensing, and royalty distribution, reducing administrative costs and disputes. The study also examines blockchain’s role in combating counterfeiting and ensuring product authenticity. Future research should focus on addressing regulatory and jurisdictional challenges to facilitate the broader adoption of blockchain in IPR management. The findings suggest that blockchain is set to become an indispensable tool in the digital management of intellectual property.
Keywords: Blockchain, Intellectual Property Rights, Smart Contracts, IP Management
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