While, most tech giants are eyeing on blockchain for their products, a renowned Japanese electronics firm Sony has formed a digital rights management system which is based on blockchain technology.
On Monday, Sony unveiled in a press release stating, “the system will help manage copyright-related information for digital content, citing educational content as a prime use case.”
The post says that the management of content rights are mainly being done either by the creators themselves, or manually by industry organizations. The newly invented system will bring more ease and efficiency to the process.
The firm adds that Using the platform, the participants will be able to share and verify information such as date and time of creation, and the author’s details. It will also automatically verify the rights generation of a piece of written works.
Supposedly, all types of digital content like ebooks, music, video, virtual reality content and more will be supported by the new system. Also, it is based on a similar system built by the conglomerate in the past. Apparently, Sony is familiar with blockchain technology.
iPR Daily which is a media outlet specializing in intellectual property conducted research, last month. It indicated that Sony is one of the top 30 companies for blockchain-related patents. It has filed no less than 20 applications regarding blockchain related patents. Remarkably, some of those point towards the direction Sony has taken with the system declared today.
Reportedly, in April, a patent filed with the U.S. Patent and Trademark Office is having a concept that stores digital rights data through the utilization of blockchain. The company has also filed for inventions such as a system to authenticate user data and manage education data.