How Can Blockchain Improve the Functioning of the Collective Management Organisations?

Abstract

In the copyright domain, different elements may be represented on the blockchain: works, ownership metadata, licensing terms, remuneration and even transparency and reputation. With these characteristics, blockchains appear to help CMOs to provide their services. Relying on their databases implemented on a distributed ledger and with adequate, well-written and audited/verified smart contracts, CMOs will be enabled to better automate and standardize a multitude of their copyright-related transactions, from the autorisation of using works of their members to the quick payments of the related remuneration to the concerned members.

Keywords: blockchain, copyright, CMO, DLT, smart contracts