Italian Copyright Authority and Algorand Develop Blockchain Ecosystem for Copyright Management
The Italian Society of Authors and Publishers (SIAE) has teamed up with Algorand to develop a new ecosystem for copyright management, based on Algorand’s recently launched blockchain platform.
SIAE had already started to develop the project – with the help of “La Sapienza” University of Rome and consulting company Blockchain Core. SIAE has now decided to focus on the Algorand platform for its by design public nature and its high performance.
Algorand uses a pure Proof-of-Stake (PoS) protocol that guarantees decentralization, scalability and security, making it particularly suitable for handling the swarm of metadata and transactions necessary in copyright management. Both Algorand and SIAE are confident that in the near future, blockchain technology will become the cornerstone of the industry.