Blockchain technologies promise a more efficient way to create and maintain shared records of intellectual property rights, benefiting creators, publishers, and distributors alike.
Today decentralized application (DApp) platforms like Ethereum, Cardano, and NEO implement contractual governance models unique to their own technology and smart contract parameters. While they share similar values (e.g. smart contracts are efficient tools for disintermediating 3rd party costs), they do not share a global standard for recording, assigning or licensing the IP rights critical to effective smart contract governance. Set out to align “the fundamental mismatch between current IP law and the web,” the COALA IP protocol excels at unifying technical specification frameworks and intellectual property (IP) rights reference models (RRM). As a Free and Open Source (FOSS) decentralized protocol, COALA IP lays the foundation for automating IP attribution, licensing, and discovery with blockchain and distributed ledger technologies (DLT).