The Digital Rights Management (DRM) became one of the crucial problems to be tackled by most of the content creation organizations.
And protecting the rights of the creator of the content has clad to be robust, since content is often hacked and placed within the internet even former to it unleashes, piloting to the revenue loss and identity loss of the content creator.
Thanks to Blockchain, for golf stroke a path to answer to the facing issue i.e. protecting the rights of the content creator using Decentralized DRM methodology.
The whitepaper here describes concerning the foremost issues featured in DRM and therefore the role of Blockchain within the DRM, what’s centralized DRM and decentralized DRM, pros & cons of using Blockchain in DRM.
How Prowess Software Services is getting the sector of Blockchain Technology and enhancing the ways in which to utilize within the Software industry.
Role of Blockchain in Digital Rights Management
Blockchain Technology is presently projected answer to safeguard digital information (Digital rights management). Blockchain is employed in numerous industries to fill the gap within the areas from identity protection to supply chain management.
Initially, the registration of the copyrighted works or proprietary rights got to be completed, permitting owners to safeguard their works firmly. Blockchain is majorly used as a tool to manage the intellectual properties of any organization.
The understanding of Blockchain Technology as an applicable answer is needed to use its operations to resolve the problems within the digital rights management areas.
Blockchain Technology is an open source and an unalterable record of decentralized transactions.
Many industries use DRM to manage the customer’s digital content rights. DRM defends the rights of the content creator with the provision of access solely to approved shoppers.
The Digital Rights Management system fails only if the servers on that the system is dependent become obsolete. The servers shut only if the operations of it are stopped lawfully or when it’s non-profitable in terms of revenue.
The solution planned for securing the DRM system was with the decentralization of its operations. And therefore, decentralization must be effective both technically as well as financially. This may avoid the one purpose failure unlike centralized DRM systems.
The decentralized system only fails in two ways i.e. partial or complete system failure. The partial failure of the decentralized DRM system happens once the short breaks acquire the image like natural calamities, power outage or cyber-attack. And also, the complete breakdown of the decentralized DRM system happens once each individual who operates the DRM has to shut down the system.
The financial aid that decentralization DRM system provides is cost distribution within the community/group that’s in operation of the system.
With Blockchain a company will make sure that the users will solely access and watch the product be it music, video, podcasts, television, movies, audio, games, scientific information, medical data, etc.once they purchase it. This resulting in secure every user’s rights is encoded on a blockchain, for which the usage of genesis block is finished which stores the data concerning the individual user.
When a user purchases a right on certain content that’s either movie download or game download, etc., then those rights are committed and managed by blockchain.
The benefits of using the Blockchain for DRM are it’s not hackable because it is crypto, and it’s cheaper to keep up the Blockchain than running our own DRM servers. Thus, it can be conjointly applicable to numerous alternative software programs like Microsoft & Adobe.
In the close future, Blockchain can occupy the complete area within the DRM fitting into each software program to form it secure and protecting the rights of the creator. Even though something can be released without the notice of the creator, in secret and will be viewed and watched by the globe, the Blockchain has the capability to create the software system to not work without a DRM key.
Hence there’s immeasurable scope of Blockchain into DRM, serving to the organization’s, creators and everybody else to maintain the rights & revenues properly with systematic methodology of unleash and buy of the product and usage of them consequently.
The unfold of Blockchain technology isn’t only on DRM and Financial industry, also it is extending into product identification and to client claims.
As said, “When applied to the IOT, Blockchain can provide the much-needed verification of data source, preventing the man-in-the-middle attacks that threaten to become commonplace”.
Prowess Software Services Private Limited is growing towards the Blockchain technology and looking for the applicable areas for its optimum utilization to supply the client’s better solutions & services with the increasing number of SME in the technology.