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ICC Iran World IP Day 2022 Special Issue

  • یکشنبه 18 اردیبهشت 1401
ICC Iran World IP Day 2022 Special Issue
 
On the occasion of World IP Day, ICC Iran with the cooperation of one of our members (System Group Co. which is an Iranian private software company) published its Special Issue on April 26, 2022.
 
 
The Special Issue is entitled “IP and Technological developments: NFT” addressing NFTs as well as IP-related and legal aspects arising from NFTs.
 
 
Today an important section of national and international trade is allocated to digital assets which principally bring up issues related to intellectual property as well.  Digital assets are electronic data files that have economic value and can be possessed and transferred by individuals. Such assets as produced in the digital environment are highly secure against counterfeiting and have various legal issues.
 
 Non-fungible tokens have different applications. They can be a tool to exchange properties as well as an acceptable substitute for traditional paper documents on ownership or possession.
 
 NFTs are unique and indivisible and their value depends on their underlying asset. The ownership of NFTs can be easily proved, but it should be stated that the buyer of the NFT merely obtains the ownership of the digital version of the asset, not of the underlying asset.
 
 
By NFTs, you will be able to sell photographs, digital arts, music, computer games, etc. and the purchaser also receives the “ownership certificate” which is based on the Blockchain network, registering the ownership in this context, allowing the owner to sell or transfer the property. Actually, NFT is a digital asset assigning ownership via smart contracts. NFTs prove digital ownership rights which are of great importance in the intellectual property area, as the creator of the artworks will be identified by which proving the ownership of the work, transactions, and financing of the works would be facilitated. Furthermore, it would be easier to manage intangible assets. 
The abovementioned subjects have been addressed simply in our Special Issue for the actors in the business sector.