One can imagine a future where small, solid-state dongles are circulated with software licenses - such as, as discussed in the article, for games, and the softw

One can imagine a future where small, solid-state dongles are circulated with software licenses - such as, as discussed in the article, for games, and the software itself is downloaded separately. But for that matter, why not have those licenses be electronic cryptographic tokens, which could be freely transferred between users as gift or sale? (Doesn't need to be blockchain, just centrally-administered infrastructure). Here's why: the software companies are doing just fine selling revokable, non-transferrable electronic software licenses that users can't trade freely. I'd love to see that change, maybe through legislation. But hardware dongles, while maybe more secure, aren't needed to make it happen.