Abstract: This paper aims to propose an intellectual property management which can sufficiently incentivise to innovation without providing exclusive rights for creators. Specifically, our model applies citation network and rewarding structure employed in cryptocurrencies, and instead of appropriability mechanisms, creators in the model are compensated by the delegation of subsequent review. This system can improve the social welfare on existing systems by free and open access and less management cost as decentralized autonomous organization.
*This paper is now under the review.*