This article from Wired reports that SIAE, the Italian Society of Authors and Publishers, is collaborating with Algorand to innovate copyright management using blockchain technology. This partnership aims to replace traditional copyright seals with digital NFTs and smart contracts on Algorand's decentralized network. The goal is to streamline rights management and payment processes for musicians by creating an immutable, efficient, and open database of digital rights. Algorand’s blockchain will support this by ensuring secure and decentralized validation of transactions, potentially allowing artists to directly control their economic flows and benefit from more transparent and fair compensation.
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