enforce terms automatically

More than the WTO, WIPO has explored blockchain technology’s potential for securing IP rights by using an immutable, transparent ledger to track and verify asset ownership, and changes in real time. In 2018, it launched a Blockchain Task Force, followed by a 2020 white paper outlining blockchain’s role in the entire IP lifecycle and smart contracts—self-executing agreements that enforce terms automatically when conditions are met. The strengthening of copyright and corporate influence in developing digital IP laws has raised objections, with critics arguing it prioritizes profit over public benefit. Copyright durations can be excessively long, often granting disproportionate control over fair use. While most IP revenue is made in the first few years, access can remain restricted for about a century. For example, streaming services like Spotify quickly generate substantial revenue, yet long-term copyright often undercompensates artists, as WIPO noted in its 2021 report on the expansion of copyright law concerning Spotify สล็อตเว็บตรง