Japanese multinational electronics conglomerate Sony has launched its own blockchain dedicated to managing digital copyrights.
A press release on Monday detailed the new system that specializes in managing the rights of written work on a blockchain, utilizing features that track the original date and time of electronic content creation. Users will also be able to verify themselves as the original content creator and securely share their work on the blockchain, knowing the integrity of their work will be preserved.
While standard copyright management procedures are said to be processed manually by industry organizations or creators, Sony believes that the blockchain can provide a far more efficient way to do so in terms of both time and money.
The electronics firm say that the system will prove compatible with many forms of electronic works, including e-books, music and films and notably various formats of educational content.
While right now it remains for private use, Sony says they are considering commercialization of the system.
Sony added that future blockchain solutions might well be on the way in areas of data management and distribution throughout the company’s various business domains, but right now the emphasis remains on the field of education.
Sony Global Education is cited as ”continuously carrying out technological development and prototyping towards the use of blockchain technology in the educational field.”
China-based news outlet iPR Daily last month indeed revealed that Sony has filed as many as 23 blockchain patents. Further research from iPR shows that IBM and MasterCard have some of the most substantial numbers of blockchain applications, with over 80 apiece.
Despite these major players launching themselves into the blockchain, a recent survey of executives found that the majority of enterprises are finding blockchain adoption more difficult than initially expected.
The 57% that responded this way cited hardware security and scalability as major issues, with over half of non-blockchain dedicated companies struggling to process high volumes of transactions on the blockchain network quickly.
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