Sony has announced the development of a digital content rights management system that will utilise blockchain technology.
Japan-based Sony Music Entertainment and Sony Global Education, the two groups under the Sony umbrella, have announced that they will be using blockchain technology to develop a rights management system for digital content. The system will be used for sharing, authenticating, and managing rights of educational data, as well as additional features necessary for processing rights-related information.
More efficient way to manage ownership of copyright information
In the press release, Sony noted that:
Today, advances in technologies for digital content creation allow anyone to broadcast and share content, but the rights management of that content is still carried out conventionally by industry organisations or the creators themselves, necessitating a more efficient way of managing and demonstrating ownership of copyright-related information for written works.
Talking about the functions of the new system, the press release further stated:
This newly-developed system is specialised for managing rights-related information of written works, with features for demonstrating the date and time that electronic data was created, leveraging the properties of blockchains to record verifiable information in a difficult to falsify way, and identifying previously recorded works, allowing participants to share and verify when a piece of electronic data was created and by whom.
Rage of digital content supported
According to Sony, the new system will support a range of digital content, with the company contemplating more possible use cases in the future. On this matter, the company noted:
Furthermore, the system lends itself to the rights management of various types of digital content including electronic textbooks and other educational content, music, films, VR content, and e-books. As such, Sony is contemplating possible uses in a wide range of fields.
Sony Group looking at the innovation of blockchain technology
Sony Group is considering more innovative ways to utilise blockchain technology, particularly in data distribution and information management amongst different fields. Through the continued commercialisation and development of blockchain technology, the firm expects to continue exploring how it can be used for its diverse business domains.
Blockchain’s potential across range of services
Blockchain technology is making waves across many industries. The fact that it helps create databases where information hosted on it can be hard to destroy or manipulate makes it a great innovation for many industries, including merchandise distribution management, finance, server management, sharing economy, P2P network transactions, and more.