Application of blockchain technology and crowdfunding to solve structural inefficiencies in digital rights and patents : a comparative analysis
Name
1003321515-MIT.pdf
Description
Full printable version
Size
10.96 MB
Format
Adobe PDF
Checksum (MD5)
65653397d827d3b53bbe57b1a12e7c53
Author(s)
Gabl, Andreas
Krehl, Stephan Ulrich
Advisor(s)
Jacob Cohen.
Date Issued
2017
Publisher
Massachusetts Institute of Technology
Abstract
The markets for patents and digital rights, in particular music, are both highly inefficient and feature a large number of intermediaries which capture significant shares of the value created. Therefore, the patents and digital rights systems seem to be perfectly suited for disruption by blockchain technology and crowdfunding. This study examines the structural inefficiencies of the two segments and explores how blockchain and crowdfunding could solve these. We find promising use cases for both concepts in the market of digital rights. In contrast, while crowdfunding solves certain inefficiencies in the field of patents, we believe that blockchain technology has only limited impact here. This thesis is based on academic literature and professional journals in the fields of patents, music, crowdfunding, and blockchain technology as well as self-conducted interviews with industry, legal, and technology experts..
Description
Thesis: S.M. in Management Studies, Massachusetts Institute of Technology, Sloan School of Management, 2017.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 170-197).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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