The Story So Far: An Intelligent Approach to Intellectual Property

Key Insights:

• The intellectual property industry suffers from outdated, expensive processes that result in missed monetization opportunities and financial waste for the long tail of creators.
• Blockchain technology can streamline IP registration, automate licensing and royalty distribution, and enhance transparency and security, significantly reducing costs and inefficiencies.
• By rearchitecting the system from the ground up, Story introduces innovations to the IP industry comparable to the advancements smart contracts have introduced to finance.

Introduction

Global sales of licensed merchandise and services derived from intellectual property reached $356.5 billion in 2023, a 4.6% increase from 2022. The lionshare of revenue from these sales is concentrated primarily within the largest enterprises, with 52.3% of revenue ($186.5 billion) coming from the top 10 global licensors.