How can blockchain technology be utilized to protect intellectual property rights in the digital age, and what impact could this have on the creative industries?

Blockchain technology can be utilized to protect intellectual property rights by providing a secure and transparent way to track ownership and usage of digital assets. By using blockchain, creators can establish a verifiable record of their work, making it easier to prove ownership and prevent unauthorized use. This could have a significant impact on the creative industries by reducing copyright infringement, ensuring fair compensation for creators, and fostering innovation and collaboration in a more secure environment.