3 ms·

Needless to say, like most crypto-ideas, this doesn't need NFT. A digital signature from the seller of the license would work just as well..

vntok 6y ago
Not really. What happens when the sellers pass away and someone has to check the chain of transmission ? Do you have to go to each spouse in order and ask them to retrieve "you know, a big file full of numbers" somewhere in the deceased's backup usb key? You need a public and immutable chain of authentified transactions for that to be an instant check.
rossmohax 6y ago
It does not, but agreeing where to keep register is a political problem. Why would register to be run by Sony and not Warner? With NFTs it is already there, held by forever neutral party, so it is easier for all market players to recognize it.
- notahacker 6y ago
  Not really. The rightsholder determines whether they want to maintain the rights database for their songs themselves or delegate it to one or more distributors to do it. This is a solved problem and the intermediaries provide value to the rightsholder in marketing, managing more complex license types (performance, radio airplay, use in film) and pestering copyright violators
- pavel_lishin 6y ago
  > it is easier for all market players to recognize it. What advantage do they have for doing so?
shuntress 6y ago
I agree. I should have emphasized "something LIKE this". I don't think any blockchain bullshit necessarily needs to be involved. I would like to be receive some kind of cryptographically secure token from Bandcamp (or whomever) that is secure enough to be accepted as proof of purchase by content distributors. This could make it feasible for places like spotify or google play music to sell "Bring Your Own Album" streaming service priced by operational costs rather than licensing fees. Or for Amazon Music to sell "Replace your library" as a giant bulk download when your offline music library is accidentally destroyed but your carved-in-stone hard copies of all your proof-of-purchase licenses tokens (that provably belong to you and only you) are still safe.

vntok 6y ago

Not really. What happens when the sellers pass away and someone has to check the chain of transmission ? Do you have to go to each spouse in order and ask them to retrieve "you know, a big file full of numbers" somewhere in the deceased's backup usb key? You need a public and immutable chain of authentified transactions for that to be an instant check.

rossmohax 6y ago

It does not, but agreeing where to keep register is a political problem. Why would register to be run by Sony and not Warner? With NFTs it is already there, held by forever neutral party, so it is easier for all market players to recognize it.

notahacker 6y ago
Not really. The rightsholder determines whether they want to maintain the rights database for their songs themselves or delegate it to one or more distributors to do it. This is a solved problem and the intermediaries provide value to the rightsholder in marketing, managing more complex license types (performance, radio airplay, use in film) and pestering copyright violators
pavel_lishin 6y ago
> it is easier for all market players to recognize it. What advantage do they have for doing so?

shuntress 6y ago

I agree. I should have emphasized "something LIKE this". I don't think any blockchain bullshit necessarily needs to be involved. I would like to be receive some kind of cryptographically secure token from Bandcamp (or whomever) that is secure enough to be accepted as proof of purchase by content distributors. This could make it feasible for places like spotify or google play music to sell "Bring Your Own Album" streaming service priced by operational costs rather than licensing fees. Or for Amazon Music to sell "Replace your library" as a giant bulk download when your offline music library is accidentally destroyed but your carved-in-stone hard copies of all your proof-of-purchase licenses tokens (that provably belong to you and only you) are still safe.