Bitmark Leverages Blockchain Technology to Protect Your Digital Property
Alyson Wyers — February 15, 2017 — Pop Culture
References: bitmark & springwise
This startup is using blockchain technology to protect intellectual property and other online data. Based in Taiwan, Bitmark is a property system for the digital space, protecting personal data and your digital assets. Currently in beta, the new venture "is using a blockchain algorithm to create distributed consensus on who owns what in the digital sphere" according to Springwise.
Bitmark makes it easier to own original music, movies and other areas conventionally covered by intellectual property, but also seeks to make it easier to verify ownership rights over emerging subjects like online art, computer code and user-generated data. Digital signatures dubbed 'bitmarks' are used to facilitate issuance and title transference. By using blockchain technology, the company offers a way to identify digital files individually.
Bitmark makes it easier to own original music, movies and other areas conventionally covered by intellectual property, but also seeks to make it easier to verify ownership rights over emerging subjects like online art, computer code and user-generated data. Digital signatures dubbed 'bitmarks' are used to facilitate issuance and title transference. By using blockchain technology, the company offers a way to identify digital files individually.
Trend Themes
1. Blockchain Property Systems - Adopting blockchain technology to protect intellectual property and digital assets creates opportunities for a decentralized property system.
2. Digital Asset Ownership Verification - Developing digital signatures and titles for assets like online art, computer code and user-generated data using blockchain verification creates opportunities for transparent and trustworthy digital ownership.
3. Smart Contract-based Protection - Implementing smart contract-based protection using blockchain technology to protect personal data ensures secure and tamper-proof transactions.
Industry Implications
1. Intellectual Property - The use of blockchain technology in protecting intellectual property creates opportunities for a decentralized, secure, and transparent property system.
2. Digital Rights Management - Integrating blockchain technology in digital rights management can address challenges in online music, movies and other areas conventionally covered by intellectual property.
3. Online Data Privacy - Using a blockchain-based property system to protect personal data and digital assets can create opportunities for a more privacy-centric and secure digital world.
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