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Intellectual property (IP) rights are vital for creators and innovators to protect their ideas, inventions, and creative works. However, the traditional methods of managing and enforcing these rights often face challenges related to transparency, security, and efficiency. Enter blockchain technology, a groundbreaking innovation that holds great potential in revolutionizing intellectual property rights management.

Blockchain technology has become increasingly popular in recent years due to its potential to revolutionize industries ranging from finance to healthcare to logistics. At its core, a blockchain is a decentralized and distributed digital ledger that records transactions in a secure and transparent manner. It allows multiple parties to share information and collaborate