I’ve recently begun following the world of cryptocurrency, or more specifically the underlying crypto technology that’s powering the currency part: Blockchain distributed ledger technology. There are hundreds of differing currencies out there. As of this writing one of the leading cryptocurrency market sites, World Coin Index lists 1,299 different currencies. Though that sounds neat, and maybe it is to you, that’s not really the exciting part of it all.
No. The exciting part is what some of these companies are doing that’s resulting in the coins. Case in point is my personal favorite in the bunch at the moment Po.et (POE).
As an amateur writer, there is little I can do to protect my stories from plagiarism (not that I think anyone is interested in ’em). That’s where Po.et comes in. From their site:
Po.et is a shared, open, universal ledger designed to record metadata and ownership information for digital creative assets. Po.et is a continuation of Proof of Existence, the first non-financial application of the blockchain. By creating an open platform on the Bitcoin blockchain, Po.et aims to create the most institutional, globally-verifiable record of digital media assets. This record will be a framework for building smart, interoperable media applications using a shared, standard and extensible metadata format.
Take my money! Well, no, don’t. I don’t have all that much. But I’m in love with the concept of what this can and does mean. Their timeline/roadmap includes the inclusion of WordPress integration so we little guys will have a way to not only prove we originated an article or story but we/they can also get attribution for said work (and get paid if that’s your thing).
I’m super excited to see where this can go into the future. There are so many possibilities for how this tech can be leveraged in the daily space of society too. And for those who are wondering about how this could be used in the digital photo world, well, Kodiak recently announced they’re developing their own ledger (blockchain type) system to allow artists to tag their original content.
Which brings up the point; what would something like this do for copyrighted works or copyrighting your own work in the future. Will it take the place of the standard government bodies that do this in the physical world? I say yes. Maybe not this year or the next. But as the blockchain tech grows in both adoption and processing speed (’cause let’s face it, Bitcoin Blockchain transfers are WAY to slow and power hungry) there is a future. That is, of course, until someone figures out how to hack it undetected.