WCT's Practical Application in Copyright Verification and Transactions
The copyright verification and trading of digital content (such as articles, music, and images) have long faced issues such as rampant piracy and unfair revenue distribution. Creators use WCT to hash their works onto the blockchain, generating a unique copyright certificate, reducing the verification time from several days in traditional processes to just a few minutes. In the transaction phase, users purchase content licenses using WCT, and the transaction records are traceable on the blockchain, with revenues automatically distributed to creators and platforms according to smart contracts. After integrating WCT, a certain original music platform saw a 70% reduction in copyright dispute cases, a 30% increase in actual earnings for musicians, and a 25% growth in user payment rates on the platform.