Intellectual property (IP) is one of the most valuable assets for creators, yet it’s increasingly vulnerable to theft, counterfeiting, and unauthorized use. In today’s connected, digital world, IP theft is more rampant than ever, affecting industries from entertainment to fashion to technology. Digital authentication through blockchain technology is changing the way IP is protected, ensuring that creators retain control over their work and their revenue.
The Growing Threat to Intellectual Property: With more creative works being
shared and sold online, the risk of unauthorized use is growing. From music streaming platforms to social media, IP is constantly being reproduced, with creators often unable to track how their work is being used.
Blockchain and NFC Tagging: A Solution for IP Protection: Authentical’s blockchain solution provides an immutable, verifiable record for every creative work, making it easier for creators to protect their IP and ensure they receive credit and compensation. NFC-tagging further enhances this system by allowing physical objects—like fashion designs or art prints—to be easily scanned and authenticated.
Current Affairs: As governments and businesses worldwide step up efforts to
protect IP in an increasingly digital world, recent global trade agreements and tech industry initiatives are making IP protection a top priority. Companies like Nike and Gucci have already begun using blockchain to safeguard their designs, signalling a shift toward more secure IP practices.
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