A New Holistic Approach for Studying Blockchain-Based Intellectual Property Rights Ecosystem

Abstract

This study aims at proposing and analysing a new holistic approach for studying Blockchain-based intellectual property rights (IPRs) ecosystem, since Blockchain technology has a potential to revolutionize the conventional intellectual property rights system and overcome problems of this system associated with rights protection, securing trade secrets, claiming copyrights, proving prior use, and data availability. In this study documentary research method (DSM) is used to build a comprehensive framework including all possible components and stakeholders in the intellectual property rights system. This framework illustrates the workflow scheme of a Blockchain-based IPRs platform. The introduced approach in this study consists of several steps, beginning with identifying stakeholders and ending with designing the mechanism by which the Blockchain-based IPRs platform works. This study introduces this new approach in order to draw roadmap for deploying Blockchain technology in the current intellectual property rights system. Moreover, this study provides policy makers with procedural details guiding them to make optimal policies related to using this new technology.