Authors : Chibueze Iwuala; U. F. Eze; G. Chukwudebe; Dr. C. Etus

Volume/Issue : Volume 9 - 2024, Issue 5 - May

Google Scholar : https://tinyurl.com/4efwuh9t

Scribd : https://tinyurl.com/dhvz4fpr

DOI : https://doi.org/10.38124/ijisrt/IJISRT24MAY512

Abstract : Digital assets face threats like unauthorized duplication, breaching intellectual property rights. Software licensing safeguards developers' rights and users' interests. However, traditional methods encounter challenges such as fraud, piracy, and lack of transparency. This study aims to enhance licensing using blockchain. Blockchain's decentralized system ensures encrypted, secure, and transparent transactions, potentially improving efficiency and security. The research proposes a novel approach using the Nigerian Communications Commission (NCC) as a case study, comprising token-based, hash-based, and smart contracts-based licensing. NCC issues certificates for Telecom services, with each license identified by numbers. Smart contracts automate the licensing process, enforcing terms and conditions. The study examines blockchain's benefits and challenges, including decentralization and trust. It contributes to software license management by leveraging blockchain's advantages.

Keywords : Blockchain; Smart Contract, Software Licensing, Intellectual Property, Wallet ID, Cryptocurrency.

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