The Effectiveness of Using Blockchain Technology in Protecting and Managing Intellectual Property Assets in Egypt

In the digital era, the illegal copying and unauthorized use of digital intellectual property rights (IPRs) became an unprecedent problem especially with the advent of file sharing technologies. Digital IPRs, such as movies, songs, books, electronic games and computer programs are more vulnerable to be stolen or at least used without authorization of their owners. Acts of piracy over the internet and cyber-attacks have negative impacts on consumers, producers, and the economy as a whole.
 Due to the widespread use of the internet and globalization, traditional methods of protecting digital IPRs have become insufficient or inadequate to provide the necessary protection. Digital products are easily copied and disseminated through the internet and sites of social media. This is considered an infringement of creators’ rights with loss of revenues. Therefore, there is a need for alternative means for protecting digital IPRs from internet piracy or cyber-attacks. This necessitates the use of the power of technology to protect the creative work of innovators. This research focuses on demonstrating the possibility of using blockchain technology in the field of registering, protecting and managing IPRs and the types of challenges facing adopting such revolutionary technology in the field of IP in Egypt.