Bitproof.io: Protecting IP Rights Through the Blockchain
Recently, I discovered a cool new service that allows anyone to verify an idea, document, or file on Bitcoin’s blockchain. Bitproof is one of the first companies to expand on the idea of document storage within the blockchain, one of the many uses of Bitcoin 2.0, the next generation of blockchain functionality. Bitproof is one of many companies participating in the Boost VC incubator in Silicon Valley. Boost VC was founded by Tim Draper and currently provides funding and mentoring to several Bitcoin startups. After looking into Bitproof.io more, I knew that I wanted to write about it.....
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17-year-old, Louison Dumont, is a French entrepreneur known for his work with Boost VC’s accelerator and his creation, BitProof. The service is a blockchain-based certification system that protects the rights of artists, writers and anyone else. Dumont started coding when he was eight, and hasn’t stopped since. When Dumont was thirteen, he started mining....
Imagine a will/testament set on a timer so that it is executed automatically upon the death of its creator. No, it is not as crazy as it sounds. Thanks to the blockchain, it is now possible. Blockchain, one of the most important elements in Bitcoin technology is responsible for enabling Bitcoin transactions between peers. Blockchain is a glorified ledger in the Bitcoin network. Apart from playing a role in transactions, blockchain has other applications as well. Blockchain is extensively used in proof-of-existence platforms designed for various purposes. Some of the well-known platforms in....
A New York startup called Mine Labs has started a metadata protocol based on blockchain technology called Mediachain that uses the Interplanetary File System (IPFS), a “hypermedia distribution protocol,” to protect rights to digital works, according to Nasdaq. Other blockchain-based authentication systems use an encoded ID to reference centrally-hosted data, but these have limited storage per transaction. To encrypt and store digital rights onto the bitcoin blockchain, most blockchain startups do one of two things: 1) they encode an ID onto the blockchain using OP_RETURN or CoinSpark to....
As the popularity of bitcoin grows, the number of people with queries regarding bitcoin is also on the rise. We have already found a tool that can answer queries on almost everything, and we call it Google. Now we have a new wannabe in town who would like be cryptocurrency's own Google. Merkle.io calls itself the "Google for Blockchains". Merkle.io is a project by Louison Dumont, a 17-year-old developer who also founded Bitproof. Bitproof uses blockchain technology to certify electronic files. These electronic files maybe documents, artwork, business contracts or anything digital that you....
The European Parliament has released a report, “How blockchain technology could change our lives,” summarizing the capabilities and challenges of blockchain technology as well as its possible impact on social values. The report, presented by the European Parliamentary Research Service, noted that among all the potential applications, self-executing contracts are creating ways for companies to operate automatically. The report noted that blockchains are especially helpful for situations where it is important to know ownership histories, such as managing supply chains. Despite the....