Qtum decentralised public ledger permits digital property house owners to really personal their property via “Proof of Existence”

Qtum decentralised public ledger permits digital property house owners to really personal their property via “Proof of Existence”

Technology
May 14, 2019
28
The builders of Qtum, a platform for constructing and deploying good contract-enabled decentralized functions, have revealed that Robin8’s Profile Administration Environment (PMES) permits customers to add their mental property (IP) information to QTUM’s decentralised public ledger chain. As defined in an official weblog put up, revealed on Might 11th, 2019 from Qtum’s Medium account, influencers, subject-matter
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The builders of Qtum, a platform for constructing and deploying good contract-enabled decentralized functions, have revealed that Robin8’s Profile Administration Environment (PMES) permits customers to add their mental property (IP) information to QTUM’s decentralised public ledger chain.

As defined in an official weblog put up, revealed on Might 11th, 2019 from Qtum’s Medium account, influencers, subject-matter consultants, inventors, artists, and digital property house owners, normally, can “declare possession” of their IP or digital property by transferring and registering them on the QTUM decentralised public ledger.

Customers Can Really Personal Their Digital Goods And IPs

Based on Qtum’s builders, customers may commerce their digital property on Robin8’s decentralized market. The PMES has been designed to permit customers to construct an mechanism, which is predicated on distributed autonomous possession. Digital property and IPs, that are a part of the PMES, are “managed by the neighborhood” members and never by a centralized entity.

The builders described a brand new tech getting used to deal with issues with timestamping:

“Proof-of-Existence tech, via the onset of decentralised public ledger tech, has helped handle this downside with provable timestamps of information.”

Digital information residing throughout the PMES can’t be deleted or modified as all information data are tracked and verified utilizing digital timestamps. As famous by Qtum’s improvement group, customers can add and declare possession of assorted forms of digital property together with digital assets tokens, e-books, software program licenses, password keys, and social media profile information.

Monumental “Stock market Alternative” For PMES’ Providers

Big social media networks make enormous earnings from user-generated content material and concepts, Qtum’s weblog said. So as give management and possession of their property again to the content material creators, the PMES platform permits customers to purchase and promote their property in a peer-to-peer (P2P) method. PMES customers can even put up advertisements and work together straight with different customers.

Based on the builders, the “stock market alternative” for providers provided by the PMES platform are huge as a result of massive centralized platforms aren’t capable of present comparable providers. The weblog put up describes the PMES as “a hybrid Ebay and Fb”, nonetheless, it’s fully decentralized and “autonomous.” Furthermore, Robin8’s PMES customers management their information they usually can resolve whether or not to promote or share it with different customers.

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