This paper presents a blockchain-based system designed to improve the management of intellectual property (IP) rights through the integration of smart contracts, RSA-encrypted Non-Fungible Tokens (NFTs), and the InterPlanetary File System (IPFS). Our approach leverages the unique capabilities of blockchain technology to enhance transparency and security throughout the IP lifecycle, from creation to commercialization. We evaluate various encryption methods to secure NFT metadata, ensuring robust protection for IP data. The system’s performance, including operational efficiency and security, was assessed across four EVM-compatible blockchain platforms: Binance Smart Chain, Polygon, Fantom, and Celo. The study offers a comprehensive analysis of each platform’s strengths and weaknesses in supporting our IP management system, focusing on transaction costs, speed, and resource efficiency. The findings indicate that blockchain technology can significantly aid in the secure, efficient, and transparent management of property rights.

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Blockchain and Encrypted NFTs: A New Paradigm for Intellectual Property Rights Management

  • L. K. Bang,
  • P. H. T. Trung,
  • N. D. P. Trong,
  • K. T. N. Ngan

摘要

This paper presents a blockchain-based system designed to improve the management of intellectual property (IP) rights through the integration of smart contracts, RSA-encrypted Non-Fungible Tokens (NFTs), and the InterPlanetary File System (IPFS). Our approach leverages the unique capabilities of blockchain technology to enhance transparency and security throughout the IP lifecycle, from creation to commercialization. We evaluate various encryption methods to secure NFT metadata, ensuring robust protection for IP data. The system’s performance, including operational efficiency and security, was assessed across four EVM-compatible blockchain platforms: Binance Smart Chain, Polygon, Fantom, and Celo. The study offers a comprehensive analysis of each platform’s strengths and weaknesses in supporting our IP management system, focusing on transaction costs, speed, and resource efficiency. The findings indicate that blockchain technology can significantly aid in the secure, efficient, and transparent management of property rights.