NEM Foundation, Argentina’s CISPREN Partner On Blockchain Copyright Protection Solution

News | January 12, 2019 By:

The NEM Foundation has partnered with CISPREN, an Argentina-based trade union of journalists, to develop a blockchain-based copyright protection solution.

The NEM Foundation, a non-profit organization founded in Singapore with members across the globe, is dedicated to the ongoing development of the NEM blockchain technology and the promotion of a vibrant ecosystem of NEM users and developers in governments, academia, industry, and the public at large.

The foundation signed a memorandum of understanding (MOU) with CISPREN to address some of the key challenges associated with the protection of intellectual property rights, such as content theft and failure to pay royalties, among others. The two companies will reportedly work together to develop a blockchain proof-of-concept (PoC) for the project.

According to CISPREN’s press-secretary German Guismondi, the goal of the project is to enable authors to upload their content to a blockchain system in order to create a “timestamp,” which would serve as a proof of authenticity.

“Each article will have a unique QR code and digital signature which will serve as additional forms of proof of ownership in the event of a dispute arising,” Guismondi said.

While blockchain is an ideal place to store claims to authorship without a central authority to censor, take down or potentially tamper with original work, taking a legal route to claim you hold the rights to a content on blockchain may be near impossible since the courts are almost always behind the curve when it comes to technology.