China launched new copyright protection blockchain that will increase efficiency and reduce costs to protect the digital copyrights as we can see in our latest blockchain news today.
The Copyright Society of China which is a public government tied institution under the National Copyright Administration of China just recently launched the China Copyright Chain. The new blockchain is able to document proof of digital assets and to monitor infringement activities, collect evidence online, and issue notices to remove the piracy products while helping courts settle copyright-related disputes as the chairman of CSC Xiaonhong Yan said:
“The blockchain is great for digital copyright protection given its technical features such as immutability, source-tracing ability and distributed consensus.”
China’s Supreme People’s Court saw evidence authenticated by the blockchain and considered it legally binding in 2018. The Internet courts in Beijing, Guangzhou, and Shanghai started using blockchain to conduct meetings and to document court records as the Yuanming Qin chief justice said at the forum. China faced plenty of criminal infringement and piracy cases that are related to digital content and some of the most common violations involve music, online literature, and short videos.
“The blockchain can significantly reduce the cost to protect digital copyright, increase efficiency and provide new ways to collect evidence, trade digital assets and protect the rights of these copyrights’ owners.”
As recently reported, China’s online markets especially Xianyu registered a surge in BTC mining machines listing over the past few days from Inner Mongolia and Sichuan region as the two most prolific BTC mining hubs. The rise in the sale of second-hand BTC mining machines came amid the growing crackdown on mining operations in the country. Inner Mongolia enacted new legislation that will restrict any type of mining business in the region and to fulfill the carbon emission goals, the new regulations ban all types of mining operations. After failing to achieve Beijing’s carbon emission goals, the Inner Mongolian area launched anti-crypto measures in April earlier this year.
Inner Mongolia along with Sichuan is one of the most renowned BTC mining centers with a few BTC mining farms owing to cheap energy sources that used to power these operations. China is regarded as the world’s crypto mining capital that accounts for almost 60% of the total hash power on the BTC network and the availability of cheap energy sources is the main reason for the country’s large concentration of miners with most people being concerned that this major concentration of mining input is going to come from a country with autocratic governance like China.
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