Ascribe, a Berlin-based startup that is using the Bitcoin Blockchain to time stamp digital intellectual property, says it has a steady flow of interest in their services for protecting and tracking IP and copyright.
Ascribe CEO, Bruce Pon stated:
Since the beginning of June, our site is ready and we’ve made a big push to spread the word about ascribe. We’ve been working hard to explain why it’s so important to tackle the issue of intellectual property, copyright and attribution for creators.
The startup essentially wants to use blockchain technology as an “ownership layer” for the Internet.
The record of ownership is time-stamped into a public database, currently the Bitcoin Blockchain, establishing the original creator, a record that is immutable and will exist forever.
Through its service, IP owners can secure attribution of their creations, transfer or loan them to other parties, establish permanent evidence of the chain of ownership, and eventually analytics on where their work is being used to facilitate continue monetization of the creations.
Starting with digital art as a beachhead market, we’ve had a steady stream of creators, connectors and collectors reach out to us to express how much this resonates for them personally or for their business model.
The resonance isn’t only for digital art, but for photography, 3-D designs, music and books. Dozens of journalists in the tech, art, investing and cryptocurrency space have all written about how ascribe could be the best use case thus far for technologies enabled by Bitcoin.
For IP owners, the reason their is a positive reception is that the Internet has grown massive in the pass few decades, but copyright has not caught up. Ascribe wants to give creators more tools to globally register, set license terms, track and gain visibility on their intellectual property.
Ascribe revealed in June that it had raised $2 million in seed funding from Earlybird Venture Capital, Digital Currency Group, Freelands Ventures and a group of angel investors.
A San Diego-startup Blocktech is developing a Blockchain-based archival application, called Alexandria, to be an open source, censorship-resistant, peer-to-peer library for art, history, and culture.