Kazakhstan-based firm explores blockchain for IP protection [Video]

Amid a rising government crackdown on digital currencies and block reward mining, one Kazakhstan-based firm has turned to blockchain technology for copyright and intellectual property (IP) protection.

Future NFT Technology Limited established its copyright protection platform in the latter part of 2023 to register the IP rights of residents. Astana Times reported the platform had gathered significant steam, racking up hundreds of copyright registrations in under 60 days.

Called the Central Asian Intellectual Property Registry (CARRIP), the platform allows users to upload details of their creations under several categories. Upon the payment of a fee, creators receive a certificate designed to operate as proof of registration of the intellectual property.

Registered creations are stored in a publicly distributed ledger to ensure transparency and prove the time and date of registration. Users can give approval to other entities to use their copyrights under specific parameters after meeting certain conditions, including the payment of fees.

“The idea of the creative economy is …