👉👉👉 Kazakhstan-based firm explores #Blockchain for IP protection
Amid increasing government scrutiny on digital currencies and mining activities, a Kazakhstan-based firm has pivoted towards blockchain technology to address copyright and intellectual property (IP) protection concerns.
Future #NFT Technology Limited launched its copyright protection platform, the Central Asian Intellectual Property Registry (CARRIP), in late 2023 to assist residents in registering their IP rights. The platform, as reported by Astana Times, has gained significant traction, with hundreds of copyright registrations within just 60 days of its inception.
CARRIP enables creators to register their creations across categories for a fee, receiving an IP registration certificate. Creations are stored on a distributed ledger for transparency and authentication. Users can grant usage rights under specified conditions, including fee payment.
Temirlan Tulegenov, an executive at CARRIP, emphasized the platform's role in monetizing talents and adapting to modern trends in the creative economy. The initiative aligns with Kazakhstan's participation in international conventions and treaties related to intellectual property rights.
CARRIP plans to extend its services to neighboring countries like Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, aligning with Central Asia's focus on fostering growth in creative industries, as indicated by UNCTAD data.
Experts view blockchain-based copyright platforms as pivotal in promoting growth in creative sectors. With challenges surrounding copyright in generative AI systems, blockchain technology offers a solution to trace the origins of data used in training large language models (LLMs).
Since 2020, Kazakhstan's blockchain stance shifted from miner-friendly to strict regulations. Initially attractive to miners, the nation later cracked down on industry providers, earning $7 million in taxes from miners. #coinbase faced a ban for regulatory breaches.
Source - coingeek.com