How Ascribe Uses Bitcoin Tech to Help Underserved Artists
"The creators of the Internet are getting a raw deal." So says Trent McConaghy, CTO for Ascribe, a startup that is using the bitcoin blockchain to timestamp intellectual property and create a sustainable ownership structure for artwork and other digital media. In a new interview with CoinDesk, McConaghy, co-author of a recently published white paper "Towards An Ownership Layer For The Internet", explained how his startup is aiming to provide a foundational layer for artists and other independent creators to establish ownership over their works on a decentralized database - the bitcoin....
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Ascribe.io believes your digital content is worth something, and that banks and other financial institutions should see such work as collateral. Such a paradigm shift could change the global economy as we know it, and Ascribe.io is on the front lines. Ascribe.io is working to help usher art into the digital age with blockchain-based authentication for digital projects. The company has been in production since February 2015, beta since fall 2014, and alpha since late 2013. The startup has been working closely with artists, galleries, museums, conferences and others in the art ecosystem.....
Ascribe, a platform which enables artists to record their intellectual properties on the Bitcoin blockchain has raised US $2 million in a seed funding round from investors including Barry Silbert's Digital Currency Group, Earlybird Venture Capital, Freelands Ventures, and other angel investors.With the new financing, Ascribe aims to improve its platform to make it more efficient for artists to record ownership of their works, to onboard new developers to build on their API that helps marketplaces and platforms to display the registered artwork, and to increase awareness of their platform.....
Earlier on NewsBTC we discussed about various uses of Blockchain technology. One of the applications we discussed about is regarding its use in managing and defending intellectual property. Presenting Ascribe, a company working along the same lines. Ascribe offers its intellectual property management services to the artists, collectors and galleries. Gone were the days when artists used to paint on canvas and waited days for the paint to dry so that they can paint a fresh coat. Most of the arts now used on computers or other digital devices. Unlike conventional physical paintings and....
A blockchain technology company based in Berlin called Ascribe is using the bitcoin-related ledger to help protect artists' intellectual property. The company can enable artists to retain credit to their work even when sharing their work online and can also transfer or sell their rights without having to go through a third party. These are just one of the many blockchain technology applications being harnessed currently, as some have used the ledger to create a secure land registry database or to protect digital files. Blockchain is considered immutable, as the ledger is publicly stored....
For decades, copyright infringement and illicit use of digital content has become major issue for digital content providers. Regardless of the efforts of search engines and government-backed organizations to penalize illegitimate users of copyright-reserved content, blogs, corporate websites, e-commerce shops, and media outlets have continued the use of copyright-reserved content, due to the lack of infrastructure to detect such illicit activities. Blockchain-based digital content record platform Ascribe has launched a service called WhereOnTheNet to enable artists who ascribe their work....