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Non-fungible tokens as a framework for sustainable innovation in pharmaceutical R&D: a smart contract-based platform for data sharing and rightsholder protection
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2024 (English)In: International review of law computers & technology, ISSN 1360-0869, E-ISSN 1364-6885, Vol. 8, no 1, p. 66-85Article in journal (Refereed) Published
Abstract [en]

Research and development (R&D) in the pharmaceutical sector traditionally operated with in closed, siloed institutional settings, driven by intellectual property rights concerns that viewed data sharing as a threat. However, the evolving scientific landscape demands a more collaborative approach involving external engagement and dynamic partnerships. To address this, a hybrid contractual framework combining smart contracts, non-fungible tokens (NFTs), and traditional licensing schemes is introduced. This framework was developed through an experimental pilot platform that adhered to FAIR data principles, allowing participants to store, find, and reuse data related to drug discovery. The platform utilizes blockchain technology to document real-world assets in an immutable digital ledger. Smart contracts and NFTs offer an open and global collaborative platform for advancing drug research assets, overcoming hurdles related to standardization, interoperability, and disclosure. This framework aims to reconcile the conflict between the demand for greater data sharing and the protection of rightsholder interests in pharmaceutical R&D. By providing mechanisms for resolving practical challenges, it facilitates further cooperation and innovation in the field. 

Place, publisher, year, edition, pages
2024. Vol. 8, no 1, p. 66-85
Keywords [en]
Blockchain, Intellectual Property Right (IPR), Licenses, Non-Fungible Token (NFT), Molecule, Smart Contract
National Category
Computer Systems Law (excluding Law and Society)
Research subject
Legal Science; Computing Science
Identifiers
URN: urn:nbn:se:su:diva-215332DOI: 10.1080/13600869.2023.2233803Scopus ID: 2-s2.0-85165447320OAI: oai:DiVA.org:su-215332DiVA, id: diva2:1741798
Available from: 2023-03-07 Created: 2023-03-07 Last updated: 2024-04-03Bibliographically approved

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Szkalej, Kacper

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf