Intellectual Property Protection Through Blockchain: Introducing the Novel SmartRegistry-IP for Secure Digital Ownership

The rise of digital content has made the need for reliable and practical intellectual property (IP) management systems more critical than ever. Most traditional IP systems are prone to issues such as delays, inefficiency, and data security breaches. This paper introduces SmartRegistry-IP, a system developed to simplify the registration, licensing, and transfer of intellectual property assets in a secure and scalable decentralized environment. By utilizing the InterPlanetary File System (IPFS) for decentralized storage, SmartRegistry-IP achieves a low storage latency of 300 milliseconds, outperforming both cloud storage (500 ms) and local storage (700 ms). The system also supports a high transaction throughput of 120 transactions per second. Through the use of smart contracts, licensing agreements are automatically and securely enforced, reducing the need for intermediaries and lowering operational costs. Additionally, the proof-of-work process verifies all transactions, ensuring higher security and maintaining data consistency. The platform integrates an intuitive graphical user interface that enables seamless asset uploads, license management, and analytics visualization in real time. SmartRegistry-IP demonstrates superior efficiency compared to traditional systems, achieving a blockchain delay of 300 ms, which is half the latency of standard systems, averaging 600 ms. According to this study, adopting SmartRegistry-IP provides IP organizations with enhanced security and transparent management, ensuring they can overcome operational challenges regardless of their size. As a result, the use of blockchain for intellectual property management is expected to increase, helping maintain precise records and reducing time spent on online copyright registration.