La technologie de – la même qui est en amont des monnaies virtuelles, des systèmes logistiques ou de transactions inter-bancaires pour garantir leur sécurité – est de plus en plus évoquée en publicité. Ce serait la solution idéale pour sécuriser les données si nombreuses y circulant, et surtout pour empêcher leur « fuite » ( data leakage ) grâce au principe qui la fonde : une manière transparente et décentralisée de stocker et de transmettre des données et où tout ce qui s’y passe, chaque échange, est inscrit de manière doublement voire triplement sécurisée, formant des blocs au sein d’une chaîne, qui autorisent ainsi des échanges de pair à pair, sans intermédiation. Mais quel rapport avec la publicité ? La dernière annonce en date est celle du groupe de médias américain Comcast, premier opérateur de télévision par câble aux Etats-Unis et second plus im
portant fournisseur de réseau à haut débit sur Internet, qui lance une blockchain privée avec de nombreux partenaires parmi lesquels NBC Universal, Disney, Altice USA, Channel 4, Cox Communications, Inc., Mediaset Italia et le Groupe TF1. Cette « Blockchain Insights Platform » servira à faciliter l’échange sécurisé de données d’audience anonymisées dans le cadre de […]
Dossier Normalisation des échanges, libération des métadonnées, transparence et équité, efficience, blockchain … A l’heure des réseaux ouverts et du tout numérique, l’informatique révolutionne la gestion des droits de la musique. Un dossier en 3 parties par Philippe Astor. 3e partie BLOCKCHAIN ET DEEP-LEARNING S’INVITENT DANS LA GESTION DES DROITS Troisième et dernier volet de ce dossier, cet article fait le point sur les initiatives internationales engagées pour la conception d’un registre mondial adapté à la musique. On est bien là dans un opérationnel informatique où les technologies de blockchain pourraient prendre toute leur place. Dans une étude publiée à l’occasion du Midem 2015, sous le titre « Fair Music : Transparency and Paiement Flows in the Music Industry » , le collectif Rethink Music — créé à l’initiative du Berklee College of Music et de l’Université de Harvard aux Etats-Unis ¬— s’est penché sur ce que seraient les modalités d’une plus grande transparence dans la répartition de leurs droits aux créateurs de la musique. Au-delà du numérique, Rethink Music englobe dans son analyse toutes les sources de revenus des auteurs et des artistes, et pointe du doigt les nombreuses déperditions de droits dont ils sont victimes. « On […]
The MTP Interview: Alan Graham’s Artist’s Guide to Blockchain, Open Music Initiative, Smart Contracts and Dark Social (Part 1)
Chris Castle: Tell us a little bit about your background and your company. How did you come to be involved with the Open Music Initiative? Alan Graham : For 25 years I’ve worked as a technologist, author, editor, designer, and producer. I became active in technology because I believed it could be force for equality, however the idealism of my 20’s has taken a more pragmatic view. I feel the desire to free ourselves from gatekeepers has only created more gatekeepers. Three years ago I had a moment of inspiration via a conversation with my friend and co-founder, the legendary Producer/Artist/Songwriter Rupert Hine, on how to solve the issues around user-generated content. Billions, if not trillions of improper uses of all forms of creative works occur every day, a majority of which have no proper tracking or monetization. This lack of accountability creates massive animosity and distrust between citizens, rights owners, and developers. That needs to stop. We need to unify and bring a balance between all the parties involved. We need to be partners, not adversaries, and that requires more than technology, it needs new methodologies. We need to question the accepted models we’ve found ourselves in, because […]
The MTP Interview: Alan Graham’s Artist’s Guide to Blockchain, Open Music Initiative, Smart Contracts and Dark Social (Part 2)
This post is Part 2 of the MTP Interview with Alan Graham. Read Part 1 here . Chris Castle: How are licensing payments fulfilled using blockchain? Alan Graham : Hard to say exactly without examining an actual business model, but for the sake of argument, currently the mechanism for this would require the use of a crypto currency. One of the benefits of something like Bitcoin is that parties who require payment can have what’s called an “address” and payments can be “instantly” made to this address. There are a few a negative sides to this however. Nothing is free. In order to ensure a prompt delivery of payment, there is a cost associated. The party sending the payment is the one who pays the fee. For large payments, this isn’t cost prohibitive, but once you start delving into a micropayment world of fractional pennies per “play” this cost is quite significant. Now you can do “free” transactions, but there are drawbacks to that and not a topic worth going into at this point. So if we looked at a DSP platform like Spotify, it would be pointless for them to send billions of payments out each month, which […]
The truth about blockchain is that at its core, it requires its regime to be enforced on rights owners in order to scale–and that is its essential flaw. Call me a blockchain skeptic. I agree with many of the conclusions reached by Alan Graham in his MusicTechPolicy interview , but I also think that at its core, blockchain as currently contemplated fails as an industry-wide rights registry. Since I understand that its essential purpose is to be a reliable rights registry, it seems obvious to me that blockchain has limited application at best . I spent a good deal of time helping some very smart people build an independent rights registry around 2005 and have thought about these issues for a long time. (All the major labels and many indies participated in that registry.) Based on that experience, I believe that the core value proposition of a rights registry is that it be easy to use; that the information in it be objectively verified and only changed with a proper showing of authority; that it be capable of making or directing the making of royalty payments (which means holding necessary tax information); and that it can be easily and […]
Is blockchain technology the new internet? The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto . But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain? By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency , Bitcoin , the tech community is now finding other potential uses for the technology. Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, we hope you enjoy this, what is Blockchain guide. What is Blockchain Technology? A distributed database Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to […]
As a musician, I want to encourage other artists to collaborate with my music. But recently, a visual artist had all of his Vimeo videos taken down for using just 30 seconds of one of my songs. The label that exclusively licenses one of my songs likely had a bot looking for copyright infringement that automatically took it down. I hear the artist now has them back online after a few weeks of hair loss and negotiations. I’d personally like to avoid these types of situations in the future, which means providing an easy way for others to license and collaborate with my music. A blockchain-empowered rights and payments layer could provide the means to do so. A major pain point for creatives in the music industry — such as songwriters, producers and musicians — is that they are the first to put in any of the work, and the last to ever see any profit. They have little to no information about how their royalty payments are calculated, and don’t get access to valuable aggregate data about how and where people are listening to their music. But a rising tide of musicians and bands are pushing toward transparency […]
Binded , the U.S.-based copyright platform, has secured $950,000 from Taizo Son’s fund, Mistletoe. The round also witnessed participation from other investors including Vectr Ventures, Japanese newspaper Asahi Shimbun, M&Y Growth Partners, Social Starts and Tokyo Founders Fund. This investment brings the total capital raised by the firm to $1.5 million. It will now use the fresh inflow of funds to increase their hiring efforts, work on new integrations, and add the ability to register with US Copyright Office. Taizo Son, CEO of Mistletoe, in an official press statement, mentioned, In the era of AI and Robotics, creativity is humanity’s most important asset. Binded will become the platform creators use to protect and monetise their creativity. I’m very confident that Nathan and his team will democratize copyright and help create a new economy for creators everywhere. Incorporated in 2016, Binded works towards helping artists to safeguard their work from potential copyright infringement. It enables them to create a proof of work on a public database, i.e. blockchain. They can upload images, which is saved permanently on the bitcoin blockchain and the user gets a copyright certificate with proof of creation. Earlier known as Blockai, it has been rebranded very […]
Binded , a Blockchain-fuelled copyright platform has announced closing on a $950k round of finance bringing the company’s total capital raised to $1.5M. Investors in the round include Mistletoe, Asahi Shimbun, Vectr Ventures, M&Y Growth Partners, Tokyo Founders Fund and Social Starts. Binded is a technology platform making copyright simple. Digital photographers and artists use it to protect their work, for free. Creators upload images to their private copyright vault. For every image uploaded, a unique fingerprint is created and saved permanently on the bitcoin Blockchain. The creator receives a copyright certificate with proof of creation. “Copyright is an increasingly critical matter for Asahi Shimbun and all media companies. Binded has the potential to greatly simplify how we manage and protect our copyrights. Binded is going to be a big business!” said Takashi Horie of Asahi Shimbun. “In the era of AI and Robotics, creativity is humanity’s most important asset. Binded will become the platform creators use to protect and monetize their creativity. I’m very confident that Nathan and his team will democratize copyright and help create a new economy for creators everywhere.” said Taizo Son, CEO of Mistletoe. “Japan is one of the largest creators of copyrights. We’re […]
British blockchain music startup BlockPool is the company behind music-discovery service Aurovine , which has ben going since 2012. It was one of the first digital music services to tap into blockchain technology, and now it’s launching a new way to reward fans for their actions on the platform, working with rock band Superfecta . The new feature is called ‘Listen, Rate, Share’, and involves rewarding fans with the cryptocurrency AudioCoins when they rate and share an artist’s work – with the same cryptocurrency used to pay artists when their music is listened to on Aurovine.
Spotify has made another acquisition of a startup: Paris-based machine-learning firm Niland . “Niland has changed the game for how AI technology can optimise music search and recommendation capabilities and shares Spotify’s passion for surfacing the right content to the right user at the right time,” announced Spotify in a blog post . “The team from Niland will join our New York office and help Spotify continue innovating and improving our recommendation and personalisation technologies resulting in more music discovery which benefits both fans and artists.” This is just the latest acquisition for Spotify as it cherry-picks from the pool of music/tech startups. In March, it bought British firm Sonalytic , which had developed music-identification and TV/radio-monitoring technology. The same month, it bought content-recommendations startup MightyTV , then in April, it acquired blockchain startup Mediachain . Niland was founded in 2013, and according to its website is “an AI startup offering high performance music search and recommendation engines to innovative music companies”. The startup claimed its technology took less than a second to analyse a track, and had clients including Jamendo Music, Fontana and 1dTouch. One of its most intriguing recent experiments was a ‘playlist bot’ called Scarlett. It […]
Guest Column: Blockchain and Music Data’s Byzantine Problem
This guest column on music and blockchain technology is by Annie Lin, general counsel for Loudr . Nine generals are stationed at separate points around the walls of a massive kingdom. A majority of the generals wish to launch an attack, but in the absence of direct communication channels, must rely on their messengers to reach a consensus on whether and how to attack. If one or more generals betrays the group and flees, or one or more messengers relays false information, what can be done to enable the remaining generals to proceed as a unanimous group with a successful attack? Now imagine a group of nine Nashville country songwriters who collaborate on a Billboard-charting song. Each writer gets a fractional ownership in the resulting work, but not all of the shares are equal. A few of the writers own their song shares outright, while others are represented by publishers who administer the shares. If one of the publishers insists that it is the sole owner of the entire song, and the other publishers can’t be confirmed, what can be done to determine who owns the song and who needs to sign off on a license deal? (This actually […]
Gartner, a leading research and advisory firm, sees significant potential in blockchain and distributed ledger technologies and consider it to be one of the ‘Top 10 Strategic Technology Trends for 2017’.
Speaking at Gartner Symposium/ITxpo on the Gold Coast, David Furlonger, research vice president and Gartner Fellow, said the implications of blockchain technology for our society go beyond our imagination.
“This is not about the technology, it’s about trust,” said Furlonger. “We now have a digital capability to represent any form of value that is privately issued – you can become your own banker, insurance agent or foreign exchange teller. What does that mean for how society operates today? What are the implications for governance, our tax system and our legal framework?”
FinTech Network recently published a report explaining potential applications of blockchain, called: Four Blockchain Use Cases for Banks . The report explains how a blockchain enables the creation of a ‘digital ledger’, which allows participants within its network to access the ledger without a central authority or ‘middleman’ to enable payments. The technology uses cryptography to ensure that data is very difficult to change or remove, and thus may be applied to many use cases for banks. Case 1: Fraud Reduction The first case of blockchain explored by FinTech Network in its report Four Blockchain Use Cases for Banks , concerns replacing the storage of bank ledgers in centralised legacy IT systems. By decentralising databases, banks are able to protect themselves against new technologies that are used to hack into security systems through enabling real-time execution of payments and allowing complete transparency about all transactions for those all network participants. Since all attempts to hack or change data become part of the data itself, attempts at suspicions activity are obvious. The report also cites that Nasdaq made it’s first trade using blockchain technology on 20th December 2015; however, it warns that the technology does not eliminate fraud entirely. A […]
The news made the rounds in early April. “ America’s Retailers Are Closing Stores Faster Than Ever ” read a Bloomberg headline. “These 21 Retailers Are Closing 3,591 Stores — Who Is Next?” wrote Forbes. It felt like the end of an era for many. Back in 1998, I worked at a company called Snickelways ( alas, it didn’t make it ), but the focus was on e-commerce. Anyone working in the industry then (and there were a lot of us) saw the writing on the wall. We knew that traditional retailing would die. The only thing we didn’t know was when. This past Sunday, I was in a local Best Buy. The only reason I was there was because it is the closest place to my house where I can recycle electronics. So, once a quarter or so, I drop old items off. As I headed out of the store, I paused and looked around. It was 5:15 pm on a Sunday and the store was basically empty. There were maybe five customers that I could see. And 10-15 employees. No one was in line at the cash register. No one was in line at customer service. I’ve […]
La technologie pourrait permettre au marché de sortir de la crise de confiance en apportant de la transparence aux annonceurs et des recettes supplémentaires aux éditeurs. Souvent associée aux monnaies cryptées, bitcoin en tête, la blockchain commence à susciter l’intérêt d’un marché de la publicité confronté à la fraude et au manque de transparence. Un acteur comme MetaX a par exemple profité de l’arrivée d’Ethereum, une technologie qui étend l’utilisation de la blockchain à d’autres usages que celui de l’échange de monnaies cryptées, pour lancer “adChain”. L’objectif de cette plateforme encore en beta est de fournir une “vue globale de toute la data associée à une impression pub” et de savoir qui a accès à quelle donnée. “Toutes les transactions effectuées au sein d’une blockchain sont visibles” Une manière de répondre à la crise de confiance qui touche les annonceurs et les éditeurs. La faute à un marché du programmatique des plus opaques qui voit se multiplier les intermédiaires plus ou moins bien intentionnés. “Au sein d’une blockchain qui assure la transparence et la traçabilité des échanges chacun voit l’intégralité des transactions qui s’y déroulent”, explique Benoit Lafontaine, CTO au sein du cabinet Octo Technology et spécialiste de la […]
True blockchain-led transformation is still many years away, according to an article , “The Truth About Blockchain” in the Harvard Business Review, because it does not deliver a truly “disruptive” business model which can attack an existing model with a lower cost solution, rather it is a “foundational” model since it can create new foundations for economic and social purposes. The article was written by Harvard business administration professors Marco Iansiti and Karim Lakhani. Blockchain technology promises a lot of benefits and for good reason, the article noted. It can provide contracts embedded in digital code and stored in transparent, shared databases that are protected from tampering and deletion. Every agreement, task, process and transaction can have a digital record and signature that can be identified, shared, validated and stored. Intermediaries like bankers, brokers and lawyers may no longer be necessary. Barriers To Overcome However, for this potential to be realized, many barriers— organizational, governance, technological and even societal—need to fall. It would be a mistake to rush into blockchain innovation without understanding how it will likely take hold. Blockchain technology’s impact will be gradual rather than forcing immediate disruption, according to the authors. Blockchain is not a “disruptive” […]
There’s a lot of excitement within the music industry about the potential for blockchain technology, from Benji Rogers’ Dot Blockchain Music , to experiments like Imogen Heap’s Mycelia , and emerging startups like Jaak , Stem , Paperchain , Superational , Ujo Music and others. However, there are also sceptics who question whether blockchain technology can have the impact on the recorded-music ecosystem that has been claimed. One of them is Kevin Bacon, the musician and producer who also co-founded independent distributor AWAL and ran analytics platform BuzzDeck, and has advised a range of music and tech companies. At our NY:LON Connect conference this week, Bacon beamed in with a short speech outlining his views on blockchain technology, and why it may not be the saviour for the music industry after all. Here’s a full transcript of his address: “I think we’ve all been exposed to some element of blockchain over the last year or so, whether it be Imogen’s project, or Benji, or many of the other news items and reports across the BBC etc which talk about how potentially blockchain could save the music industry, the record industry. Well, I don’t think that’s going to happen. First […]
Know who owns rights to what is one of the greatest challenges currently faced by the music industry as well as those involved in it. Many believe
technology could be the answer to this issue by making royalty payments faster and more efficient whenever a song is consumed. __________________________ Guest post by Alexander Stewart from Berklee’s Music Business Journal One of the biggest problems the music industry faces today is knowing which labels and publishers, performers, songwriters and producers own the rights to songs and recordings, and what their split of the royalties might be. Many believe that record keeping with Blockchain technology can help. Advocates of Blockchain foresee a music industry where every time a song is sold or streamed, payments on royalty splits would be clearer and quicker. A Blockchain is ultimately a database that maintains a continuously growing list of records secure from revision or tampering, and one that enables trading with a cryptocurrency, such as Bitcoin. Participants would engage in a new and efficient protocol that promises more transparency in transactions and a tamper proof medium of exchange. Less middlemen would be involved all around, which is reassuring for an industry riddled with issues […]
Image Credit: LuckyImages/Shutterstock Digital music really could use some help. Industry revenues are dipping due to piracy and illegal use of content . Singers and composers are being short-changed by music companies and streaming services . And business models built upon patterns and practices dating back to early 20th century, decades before the invention of digital and online services, are fueling a lot of bad will. But a number of blockchain innovators are forging new solutions that could knock down inefficient intermediaries standing in the way and enable musicians to transact easily and directly with audiences. We’re currently seeing solutions emerge to handle three key concerns: 1. Licensing and rights management Digital rights expression is one of the biggest problems the music industry is tackling presently. It’s extremely difficult to clearly define which performers, songwriters, producers, publishers, and labels own the rights to songs and recordings and how royalties should be split between them. This is the first place we can expect blockchain to bring change. The ledger stores a cryptographic hash representing the digital content of every new song registered on the blockchain, along with lyrics, musical composition, liner notes, cover art, licensing, and other relevant information. Since […]
Audio Network’s head of product Matthew Hawn explains why blockchain technology has the potential to become a game changer for the music industry. British recording artist Imogen Heap is an advocate of using blockchain technology Every industry is on the lookout for its next great innovation – the application of the right technology at the right time to transform the way the sector operates. Many in the music industry are viewing the blockchain in this way, recognising its potential to revolutionise how music is distributed, paid for and tracked. On the surface, it’s a clever idea – use the technology behind virtual currency Bitcoin to fix one of the longest running problems in the music industry: paying artists fairly for their work and cutting through the Gordian knot that is music licensing rights. The concept of blockchain technology is a revolutionary idea. It uses a clever cryptographic concept to change how contracts between buyers and sellers work, using transparency and distributed networks to bring accountability and speed to commercial transactions. The music industry is not the only sector that faces significant changes from its use: blockchain is already transforming the financial services industry, with Deloitte recently investing in blockchain […]
C’était le mot magique de 2016 ; cristallisant tous les fantasmes, se parant de mille vertus, la «blockchain» a probablement atteint pendant l’année le pic de la hype, avec le deep learning et après le big data et l’IoT, so 2015. Mais que se cache-t-il réellement derrière ce terme, où en est la technologie et que pouvons-nous en attendre en 2017 ?
Blockchain, qui es-tu, d’où viens-tu, que fais-tu ?
Qu’est-ce que la blockchain ? Sans revenir sur les bases techniques des chaînes de blocs, qui ont été abordées ici et plus largement ici, revenons sur ses caractéristiques, ce que cette technologie permet et qui suscite cette ferveur.
La promesse, c’est le stockage et la transmission d’actifs immatériels transparents, sécurisés et sans intermédiaire. Pour tenir cette promesse, la technologie doit offrir :
le stockage et la transmission d’informations : une base de données ;
entre personnes individualisées : utilisant des méthodes d’identification sécurisées et chiffrées ;
sans intermédiaire défini : distribuée entre ses participants ;
transparente : publique et librement accessible, au moins par ses utilisateurs ;
sécurisée : disposant d’un protocole de consensus résistant aux attaques.
On peut donc considérer que les technologies qui ne remplissent pas
One of the biggest problems the music industry faces today is knowing which labels and publishers, performers, songwriters and producers own the rights to songs and recordings, and what their split of the royalties might be. Many believe that record keeping with Blockchain technology can help. Advocates of Blockchain foresee a music industry where every time a song is sold or streamed, payments on royalty splits would be clearer and quicker. A Blockchain is ultimately a database that maintains a continuously growing list of records secure from revision or tampering, and one that enables trading with a cryptocurrency, such as Bitcoin. Participants would engage in a new and efficient protocol that promises more transparency in transactions and a tamper proof medium of exchange. Less middlemen would be involved all around, which is reassuring for an industry riddled with issues of trust over intermediation. In a perfect world, the Blockchain would also become the single stop to publish all information about the making of a song. The suggestion too is that Blockchain would devolve control to the original parties in the exchange. For instance, notaries could be replaced, as every transaction would be time stamped automatically and given a unique […]
A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier/File Photo NEW YORK (Reuters) – A small, but rapidly growing number of digital technology start-ups is raising cash by creating and selling their own currencies in offerings that bypass banks or venture capital firms as intermediaries and are outside the reach of financial regulators. Investors are being drawn in on hopes that such “initial coin offerings” will match or exceed the performance of the first digital currency, bitcoin. For the sellers, the appeal of selling their own currencies, or tokens, to raise cash is enormous. There is no paperwork as would be required for a public securities sale. But the lack of regulatory oversight is raising red flags among some market experts and financial technology lawyers, some of whom even question the legality of the tokens. Joe Zhou says he needed just 58 seconds to sell enough tokens to meet the roughly $5.5 million fund-raising target for FirstBlood, the online gaming website he co-founded. “We had expected the sale to run for a month and we even […]
La Blockchain est aujourd’hui un buzzword en passe de dépasser le Big Data en termes de notoriété comme le montre ce graphe sur Google Trends.
Mais l’engouement médiatique se justifie car cette technologie semble avoir le même potentiel de disruption que le web il y a 30 ans.
De nombreux secteurs vont être bouleversés, en commençant évidemment par la finance et l’assurance, mais également pour prendre quelques exemples : l’IoT, la sharing economy, les droits d’auteur, l’aide humanitaire, les tests médicaux, les notaires, voire le financement des start-ups via la DAO, etc.
Blockchain, the technology underpinning bitcoin, is one of the most important innovations since the development of the Internet. It has generated a lot of interest lately and it is likely to continue in view of the broadening adoption. The globe’s leading banks are starting to realize they need to embrace innovative technologies in order to stay competitive in today’s digitized world. Financial services providers are actively investing in various blockchain projects aimed at exploring the potential use cases of the technology. A major software solutions provider, Sopra Banking Software , has published blockchain infographics that highlight the main benefits of the techno
logy and analyze its potential role in the future of the banking industry. One of the most important benefits of the cryptocurrency technology, the company stated, is that it eliminates the need to deal with intermediaries. Unlike current centralized systems, which depend on a single entity, the blockchain has no central ledger. The distributed nature of approving transactions makes it hard to compromise the system. Voting management is one of the other areas that can be improved with the cryptocurrency technology. The use of the blockchain can retain the simplicity of electronic voting while providing an increased security. […]
The blockchain is the flying car of finance – and it has finally arrived. But before we take the wheel, we need to figure out how to regulate its use.
In 1969 a TV programme in the UK called “Tomorrow’s World” demonstrated a computer-run banking system which made payments between banks and shops via the phone network. Described as “the electronic equivalent of many thousand ledger clerks” the programme noted that £6 million of payments were ‘bounced’ each year as a result of cheques being written out for accounts that did not have the funds to support them.
“[The electronic system] is ‘bounce-proof’,” said reporter Derek Cooper. “It simply won’t work unless you have cash or credit at the bank.”
47 years later, we have not yet reached that reality. The system, at least in the UK, is still run on an overnight batch process; real-time processing still belongs to the future.
“Blockchain” by deavmi. Licensed under CC BY-SA 4.0. As the official website of the U.S. Copyright Office notes, copyright protection for an original work of authorship subsists from the time that the work is created in fixed form . That is, once the work is created, U.S. copyright law considers the author of that work to hold copyright protection over the work, with or without copyright registration. However, the growth of digital forms of media has created a problem for copyright owners as it has become very simple for copyright protections to be infringed upon through content sharing. Consider the recent copyright infringement action filed against Donald Trump for his presidential campaign’s use of a copyright-protected picture on Twitter, allowing thousands of individuals to continue the copyright infringement by retweeting the original post. There are a multitude of publication services available through the Internet which greatly increases the ease of committing such infringement. A tech company situated in Thailand is hoping to offer a service which helps copyright owners manage their copyright-protected property more effectively. A recent press release from Copyrobo announced a web- and app-based service which can provide timestamped evidence of documents, video and music. The release […]
- Few investors even on Wall Street are aware that over $220 million has been raised in the past three years through Initial Coin Offerings (ICOs). ICOs are a new form of investment, somewhere between an IPO and a Kickstarter, in which new blockchain ventures sell a digital currency they create to use with their software before the software itself is written. ICOs are easy money nowadays, and I’ve participated in a few myself; but when it came to my own blockchain startup, I urged that we avoid this Wild West of finance. Not t
hat there’s any doubt blockchain technology will see huge successes. Bitcoin and blockchain tech will change our lives as substantially as the personal computer and the Internet did before it. But while the word “dot-com” was on the tip of everyone’s tongue in the late ’90s, the blockchain investment boom is largely happening under the radar due to this ICO phenomenon. Just like early dot-coms, the problem with ICOs is there is simply not enough skepticism. With little more than a white paper and a website, teams have raised as much as $180 million from scores of individual investors. There is no fiduciary duty from the company to the investor and no real penalty for not living up to the hype. ICOs are typically open for investment for a certain duration of time, after which the funds are available to the startup. Nearly all the incoming funds are in the form of Bitcoin, but there is also a considerable ecosystem around Bitcoin’s primary competitor, Ethereum. At some point after the funds are raised, the organization issues investors units of the new digital currency. Because the currency derives its value from the software being built, it functions somewhat like an investment in the software project itself. To […]