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Just to be clear, they are not using their own chain, its on https://tezos.com/ https://tezos.com/
by Paradigma11 5y ago
Just to be clear, they are not using their own chain, its on https://tezos.com/ https://tezos.com/
- danShumway 5y agoThis is a good point, thanks for the correction. It's not even that Ubisoft could theoretically put the same restrictions on a public chain, they are already actively putting the restrictions on a public chain; just on a different one from Ethereum. The same mechanisms that blockchains use to verify ownership and to trace ownership history are the same mechanisms that Ubisoft (or any other company) can use to block NFTs or add restrictions around them. But of course, the companies don't need to be so clumsy about how they restrict the tokens, they don't need to have off-chain monitoring and coordinate to block NFTs. They can also just code this stuff directly into the smart contract. Being on a public chain offers no guarantee that individual smart contracts will be decentralized. Public chains like Ethereum/Tezos that implement smart contracts also inherently give companies tools to use those smart contracts as DRM and centralization mechanisms. In a weird way, the only thing that's decentralized about Ubisoft's NFT system is the enforcement of their DRM and the liability when a token gets stolen, lost, or hacked.