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I think you nailed it. NFTs could be useful for a lot of boring applications. What if your software license was an NFT that you verified every time you opened i

I think you nailed it. NFTs could be useful for a lot of boring applications. What if your software license was an NFT that you verified every time you opened it. Or maybe a book you bought on Amazon for the kindle. That way you could sell these digital assets you own.

tantalor 6y ago
How does verification work? How do you prohibit duplication? If you need a central server for verification then blockchain is pointless.
- tastyfreeze 6y ago
  I have thought about this quite a lot. NFT for software license would only work for applications that work with the blockchain. Something like a blockchain client where the user needs to authenticate to interact with the blockchain. Without authentication the application is useless. With authentication their account/wallet would have a license key and software use authorized. For other types of software, without authenticating to the blockchain, there is no way to verify that the user is the owner of the license.
  - tantalor 6y ago
    But how do you check the user with the token is the actual owner? Do you need to add a transaction to the ledger for each use/verification?
    - tastyfreeze 6y ago
      If they are authenticated to their ledger account then simple possession of the token in the account is sufficient verification. The use case I considered was a client for trading on XRPL. For an application like this they are going to be signing transactions to interact with the ledger. If they are able to sign and own a license token in their ledger account then they are the valid user.