Hangzhou Internet Court, as the first internet court in China, is using a Blockchain-based judicial platform. This platform protects all literary works that are in a digital format to prevent copyright infringement. Accordingly, about 107 reputable writers in China have decided to use the system safeguard their work from theft.
China’s Growing Interest in Literary Works Also Increase Cyber Theft
A media outlet’s report reveals that as of 2017, there were over 400 million readers in China alone, as well as about 4 million author accounts. This means that with more authors to cater for a wide user base, more literary works could be written and delivered. Nevertheless, while these authors may mean well by publicizing their works, they still fell a victim of cyber theft.
This is an issue that can be easily resolved by the local authorities, but it’ll be costlier and time-consuming. Therefore, the Blockchain platform was developed when the country noticed this growing interest of people in literary works. There was a need to protect people’s work from being stolen and as such, always give the author full credit.
The Blockchain is Chosen for its Security and Transparency
Blockchain technology was chosen because of its level of security and transparency. This is a platform whose stored data cannot be changed easily. Also, a single person or organization does not control it which brings about its decentralized nature. That being the case, literary works can be stored on it, and if claims are made on copyright infringement, they can be verified on the distributed ledger technology.
Consequently, you’ll find about 12 million pieces of data on the Judicial court’s Blockchain platform. These are data about digital rights, electronic contracts, and financial information. The way information is generated and stored brings about credibility. Also, it can be distributed with ease.
Protecting Innovators Ideas Through the Use of Blockchain
The court’s action is similar to what an Indian state has planned using Blockchain technology. Karnataka wants to use the DLT to patent the ideas of innovators. Here, an Intellectual Property (IP) registry will be created to store them. In addition to that, investors who are willing to buy these ideas can transact directly from the platform.
This shows that industries are actively engaging in using modern technologies to prevent fraud. All this can be attributed to the ability to trace documents stored on the Blockchain to ascertain who owns what and when it was documented.