Decentralized Intellectual Property (DE-IP): A New Era of Digital Rights Management

The emergence of blockchain technology has established a novel framework for managing intellectual property (IP) rights, referred to as Decentralized Intellectual Property (DE-IP). This article examines DE-IP's capacity to transform digital rights management (DRM) through the utilization of blockchain, smart contracts, and decentralized autonomous organizations (DAOs). It analyzes the applications, advantages, problems, and legal ramifications of DE-IP, especially within the domains of art, music, and scientific research. DE-IP guarantees increased transparency, equitable remuneration for authors, and improved security by removing intermediaries. Notwithstanding regulatory and technological challenges, DE-IP offers a viable alternative to conventional IP management systems, providing creative solutions to persistent concerns in digital rights enforcement and monetization.