Italy Appreciates Blockchain-based Copyright Management Project

The Italian Society of Authors and Publishers (SIAE) obtains the first place in the ministry of economic development (MiSE) rankings with a project dubbed "Copyright management on 5G networks with Blockchain." The ministry is trying to fund and support disruptive technologies including smart contracts, DLT, cryptocurrency, artificial intelligence (AI), internet of things (IoT).

The SIAE and a telecom company Wind Tre, in collaboration with the University of Rome "La Sapienza" and Blockchain Core, are in first place among the recipients of funding under the Ministry of Economic Development's emerging technology support program.

The winning project is part of the program launched by authors on the study of the application of blockchain tech to the management of copyright. In this context, and in this case, network resources necessary to implement automated transaction mechanisms will be adequately provided.

Blockchain Projects on the Rise

The groundbreaking initiative aims at ensuring more efficient and transparent management of the copyright supply chain and, consequently, a more effective and fair remuneration for creative content, while also trying to limit the effects of piracy.

The use of Blockchain technology will also encourage the transition towards a model that truly has the potential to bring creators back to the center, thus, representing a first step towards creating a network that truly protects copyright and creative content.

Distributed ledger techs and other emerging technologies will also provide and improve available skills to enrich the use of multimedia content, with completely new quality and methods, and further promote copyright protection. In the era of DLT ecosystems, the role of the technology firms, in fact, is no longer only to provide connectivity, but also, and above all, to offer themselves as enablers of innovative services. The Italian print media and publishing sector is also delving into blockchain to protect the copyrights of their content.