Blockchain techÂnolÂoÂgy will change your life. But how you ask? When I was younger I played in sevÂerÂal bands, and in some we wrote our own music. My longest runÂning and most sucÂcessÂful venÂture (which conÂsistÂed of two recordÂed albums and mostÂly free beer for payÂment from the clubs we played) was with sevÂerÂal of my closÂest childÂhood friends, one of whom wrote all of our music. When he wantÂed to ensure that his intelÂlecÂtuÂal propÂerÂty (the songs) were proÂtectÂed, he would mail them to himÂself and then save them unopened just in case.
The fact that they were postÂmarked by the US postal serÂvice, if unopened, served as an inexÂpenÂsive way to proÂvide proof that he had actuÂalÂly creÂatÂed them at a cerÂtain time. So if years down the road he sudÂdenÂly heard his song playÂing on the radio but it wasÂn’t him perÂformÂing it, he could just pull out the postÂmarked packÂage and head to a lawyer. Today artisÂtic creÂations are mostÂly digÂiÂtal, so havÂing proof of creÂation is more difÂfiÂcult. AnyÂone can fake a time stamp on an image, after all.
Unless, of course, that time stamp is in the blockchain. If you’re unfaÂmilÂiar with blockchain techÂnolÂoÂgy, it’s the perÂmaÂnent, unalÂterÂable digÂiÂtal record creÂatÂed for bitÂcoin crypÂtocurÂrenÂcy records, and it’s pretÂty aweÂsome. Because it’s unalÂterÂable, litÂerÂalÂly. It can’t be changed, even by the most sophisÂtiÂcatÂed hackÂer. It’s much more secure than, say, the email records of a govÂernÂment official.
The full MonÂty for securÂing intelÂlecÂtuÂal propÂerÂty involves regÂisÂterÂing it with the Library of ConÂgress, and most peoÂple don’t want to go through the process. One study found that in the San FranÂcisÂco Bay area, 10% or less of artists do so. To bridge the gap between no proÂtecÂtion and Library of ConÂgress proÂtecÂtion, a comÂpaÂny called BlockÂai has stepped in.
BlockÂAI allows artists, phoÂtogÂraÂphers, and othÂer creÂators to use the blockchain for recordÂing a record of their creÂations. Will it hold up in court? No casÂes have been brought yet, but comÂmon sense says that it probÂaÂbly will, just like the old mail-to-yourÂself plan would have. CreÂators subÂmit their digÂiÂtal creÂations (which, as you might imagÂine, is priÂmarÂiÂly images/photographs) and immeÂdiÂateÂly get a cerÂtifiÂcate showÂing their regÂisÂtraÂtion in the blockchain.
RecentÂly the comÂpaÂny has made it even easÂiÂer for creÂators to do this by adding a tool which allows them to tweet their image using the hashÂtag #blockÂai, and they get a conÂfirÂmaÂtion tweet back with a link to their copyÂright claim cerÂtifiÂcate. BlockÂAI is yet anothÂer comÂpaÂny that is using what many conÂsidÂer to be the future of techÂnolÂoÂgy, the blockchain, but for a difÂferÂent and posÂsiÂbly much more mainÂstream purÂpose. Not that monÂey isn’t mainÂstream, but crypÂtocurÂrenÂcy as a replaceÂment for the monÂey we now use is still a taboo subÂject for many and govÂernÂments obviÂousÂly aren’t fond of the idea.
So if you’ve been excitÂed about the idea of forgÂing the future through someÂthing bitÂcoin-relatÂed but have been iffy because of the uncerÂtainÂty around it, a comÂpaÂny like BlockÂAI could be a great way for you to get your feet wet in the blockchain and boldÂly go where we’re all probÂaÂbly going to end up anyÂway, long before the field gets crowded.