Blockchain and Digital Assets: A New Paradigm for Copyright and Patent Distribution through Micropayments

This paper investigates integrating blockchain technology and digital assets within innovation management, particularly emphasizing their application in distributing copyright and patented material. This study provides a detailed assessment of the current state of innovation management, including prevalent models and practices, while identifying critical gaps in knowledge that necessitate further research. The research topic explores the definition and background of blockchain technology and digital assets, focusing on their role in managing copyright and patent distribution. This exploration examines current theories and debates, underscoring the need to address the limitations of existing platforms. The impact of blockchain and digital assets on innovation management is examined, highlighting the potential to enhance intellectual property protection, facilitate stakeholder collaboration, and improve transparency in distributing creative and patented works. By analyzing a case study on micropayments, the paper provides tangible evidence of the real-world application of blockchain technology in copyright distribution. Moreover, the study demonstrates the potential of Bitcoin SV (BSV) as a viable solution to overcome the scalability and high transaction fees associated with existing platforms, emphasizing its capacity to open up new opportunities and revolutionize the industry. In addition to examining the present landscape, the paper outlines future research directions to expand the understanding and application of blockchain technology and digital assets in innovation management. It explores scalable solutions to accommodate the growing demand for efficient copyright and patent distribution and legal frameworks that can effectively address the intricate legal implications of blockchain-based management systems. What is more, the paper underscores the significance of optimizing user experience and enhancing economic implications to ensure widespread adoption and seamless integration of blockchain technology. The study identifies and envisions a future where lockchain and digital assets enable a more distributed and equitable innovation ecosystem, empowering creators, innovators, and consumers. The study also contemplates the broader implications for future social change, emphasizing the democratization of access to copyrighted and intellectual property-protected material. This shift can unlock new markets and opportunities previously unexplored, fostering innovation, creativity, and economic growth on a global scale.In conclusion, this paper provides a comprehensive analysis of the integration of Blockchain and digital assets in innovation management, focusing on copyright and patent distribution. By examining the current state of the field, presenting a robust research topic, exploring real-world case studies, and outlining future research directions, this study contributes to advancing knowledge in innovation management. Furthermore, the transformative potential of Blockchain and digital assets regarding intellectual property protection, collaboration, and transparency is examined. Finally, by adopting Bitcoin SV and optimizing blockchain-based platforms, a future marked by inclusive, transparent, and efficient systems within the creative industries is within reach.