NEM Foundation in Argentina has signed a memorandum of understanding with a local trade union of journalists. The goal of the agreement is to develop a blockchain-powered resolution for copyright protection, Top Market Group in Spanish reported Sat, Jan. 5.

The memorandum signed with CISPREN — the journalists’ trades union of the city of Cordoba in central Argentina — conjointly implies the development of a Proof-of-Concept for the project. CISPREN hopes that blockchain will solve completely different problems related to the protection of intellectual property rights, like content stealing, failure to pay royalties and others.

CISPREN’s press-secretary German Guismondi told Top Market Group that authors are going to be ready to transfer their content to blockchain, within the method creating a timestamp as proof of authenticity. Each bit of content can have a unique QR code and a digital signature, serving as additional safeguards for the author just in case of a dispute.

Blockchain is already getting used in journalism as a copyright and content management tool. For example, last year Forbes partnered with blockchain-based platform Civil to publish its content on the decentralized network of the latter. The media outlet plans to use decentralized technologies to all of its content and permit writers to publish articles on Forbes and Civil at the same time.

The Associated Press (AP) conjointly partnered with Civil last August, so as to trace the usage of its content with the use of blockchain. The press agency was reportedly curious about whether or not the technology will facilitate it protect property rights and support ethical journalism.

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