Last week, the Italian Society of Authors and Editors (SIAE)
said it partnered with blockchain firm Algorand to develop a copyright management platform.
SIAE is a 137-year-old organization and ranks sixth in the world for copyright collectives. The association issues copyright licenses, for example, if someone wants to use music in a video. The organization has been exploring blockchain and previously initiated a similar project in collaboration with the La Sapienza University of Rome and the startup Blockchain Core, which used Hyperledger technology.
Now, SIAE is working with Algorand to leverage the latter’s recent blockchain protocol upgrade. Artists and musicians will get a transparent view of their works being used by someone, and the platform will keep track of the royalties they would receive.
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