July 20, 2016
Some estimations suggest that every day, 2.5 quintillion bytes of data are created. Moreover, 90% of data is reported to be unstructured. In a chaotic world of infinite pieces of data, one would often have to go through significant hardships finding the original work and original source.
Adding up to massive unstructured data, the global counterfeit goods industry doesn’t make it any easier to extract valuable information and find original work – roughly 7-8% of world trade every year is in counterfeit goods.
However, innovators haven’t been blunt to the problems of authorship and ownership and found ways to apply the technology of the future to aid the creators in securing their ownership over their work. A range of companies nowadays is applying blockchain technology for the proof of authorship and ownership over documents and artwork. Let’s look at some interesting representatives.
Stampery leverages blockchain technology to ensure existence, integrity and attribution of communications, processes and data important for organizations.
Ascribe is a blockchain technology platform that helps creators to manage their valuable digital creations by providing secure attribution, easy sharing and visibility. Ascribe enables creators to share and sell their digital intellectual property, without losing control. Galleries, collectors, and marketplaces gain authenticated digital works. Ascribe’s marketplace allows to generate digital editions with a unique ID and a digital certificate of authenticity to prove provenance and authenticity.
Created in 2015 in San Francisco, Blockai is a copyright ownership platform that makes it easy to manage copyrights and monitor how they're used all over the Web. Blockai democratizes copyrights by making it free to claim online.
Verisart aims to use decentralized technologies to help artists and collectors with new ways to certify, document, verify and enliven their works. The company wants to use blockchain to build a worldwide ledger of art and collectibles, coupled with museum standard metadata, to provide immediate value for artists, collectors, appraisers and insurers.
Monegraph allows digital creators of all kinds to easily create licenses for the artistic or commercial use of their work. The platform makes it simple to do business with publishers and brands, fans and collectors.
Emercoin Digital Proof of Ownership (EMCDPO) by Emercoin is a decentralized solution for the validation of ownership through the Emercoin blockchain for physical and digital goods and services. One of the many Emercoin blockchain services is the NVS (NameValue Storage), which allows for the safe storage of relevant ownership information via NameValue key pairs.
Crypto-Copyright offers certification of documents by decentralized proof of ownership. For 4 mBTC, the platforms offer to embed the document's digest in the blockchain. Users are even invited to tip for the service. The platform’s embedding algorithm uses the SHA3-224 hashing function to ensure the security for cryptographic proof.
The list can certainly go on, indicating both the need for solutions and the ability of blockchain enthusiasts to apply the benefits of distributed ledger technology to proof of authorship and ownership of digital assets.