Reply to post: Re: tracking ownership of digital products

Not Bitcoin, but close: Red Hat and Microsoft bite into blockchain tech

Anonymous Coward
Anonymous Coward

Re: tracking ownership of digital products

> yes, you can own digital products

The way our society works, the "ownership" of the digital product is with the artist or their agent.

As an end-user, at best what you have is ownership of a limited right-to-use.

Yes, such rights could be transferrable. This doesn't require a blockchain: it just requires that the real owners are happy to have transferrable rights, and any way to record that.

In practice, rights owners see they can make more money by selling rights to A and later selling the same rights to B, rather than selling rights to A which A can sell on to B - thus forming a secondary market in rights which they don't benefit from.

Airlines could make airline tickets transferrable. They choose not to for the same reason.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon