A Study on Cross-Chain Bridge Technology for NFT-based Digital Content Licensing Agreements

The NFT-based marketplace in blockchain ecosystems has been rapidly expanding.NFTs allow various types of content, such as photos, videos, and game items, to be tokenized with unique values, making them ideal for proving ownership.Moreover, the use of NFTs and smart contracts for content licensing agreements has been increasing.However, issues have emerged with minting and selling NFTs that closely resemble or duplicate copyrighted works, leading to financial losses and disputes.These issues stem from the limited interoperability between different blockchain infrastructures due to differences in data structures, interfaces, and other factors.To solve these issues, this paper aims to design a cross-chain bridge technology that ensures the uniqueness of NFTs while enabling interoperability between blockchain.The proposed cross-chain bridge will be built on functionalities such as NFT lock, NFT validation, and NFT return.Through this paper, we expect to prevent copyright infringements, while also promoting the use of NFTs for licensing agreements.

Authors

Publication Details

Journal
Journal of Software Assessment and Valuation
Published
2024-12-31
DOI
https://doi.org/10.29056/jsav.2024.12.26
Primary Topic
Digital Rights Management and Security
Type
article
Field-Weighted Citation Impact
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article

A Study on Cross-Chain Bridge Technology for NFT-based Digital Content Licensing Agreements

Chang-Hyun Roh, Dong-Myung Shin
2 links
Journal of Software Assessment and Valuation
Digital Rights Management and Security
article

A Study on Cross-Chain Bridge Technology for NFT-based Digital Content Licensing Agreements

Chang-Hyun Roh, Dong-Myung Shin
article en

Abstract

The NFT-based marketplace in blockchain ecosystems has been rapidly expanding.NFTs allow various types of content, such as photos, videos, and game items, to be tokenized with unique values, making them ideal for proving ownership.Moreover, the use of NFTs and smart contracts for content licensing agreements has been increasing.However, issues have emerged with minting and selling NFTs that closely resemble or duplicate copyrighted works, leading to financial losses and disputes.These issues stem from the limited interoperability between different blockchain infrastructures due to differences in data structures, interfaces, and other factors.To solve these issues, this paper aims to design a cross-chain bridge technology that ensures the uniqueness of NFTs while enabling interoperability between blockchain.The proposed cross-chain bridge will be built on functionalities such as NFT lock, NFT validation, and NFT return.Through this paper, we expect to prevent copyright infringements, while also promoting the use of NFTs for licensing agreements.

Journal of Software Assessment and ValuationVol. 20(4)
Openalex Percentile: Top 61%
Digital Rights Management and Security
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A Study on Cross-Chain Bridge Technology for NFT-based Digital Content Licensing Agreements — Chang-Hyun Roh, Dong-Myung Shin · Journal of Software Assessment and Valuation (2024) | TGRS Research Map | TGRS