Safeguarding Innovation in the Digital Age: The Role of Intellectual Property Rights in the Emerging Digital Economy
DOI:
https://doi.org/10.36676/jrps.v16.i2.273Keywords:
Digital Age, Intellectual Property Rights, Digital EconomyAbstract
Global trade, intellectual output, and technical innovation have all seen significant changes as a result of the rise of the digital economy. Digital platforms have revolutionised conventional business models and intellectual property (IP) landscapes by enabling previously unheard-of speed and scale in content delivery and consumption. However, the traditional methods of enforcing intellectual property rights (IPRs) have also been disrupted by this fast technological innovation, posing serious ethical, practical, and legal issues. Due to the dynamic, global, and decentralised character of the digital world, the conventional IPR frameworks—which were first created for tangible items and static markets—are becoming less and less effective.
This study explores the intricate relationship between intellectual property rights (IPRs) and the digital economy, evaluating the ways in which existing legal frameworks try to control innovation and digital content and the areas in which they fail. With an emphasis on topics including digital piracy, copyright infringement on streaming and social media platforms, patent trolling in the software sector, and the uncertainty surrounding data ownership and user-generated content, it provides a thorough examination of significant worldwide trends and legal strategies.
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