Bitmark Inc., a Taiwan-based blockchain start-up for digital property, has announced a seed funding round of $1.7M led by Cherubic Ventures, with other investors including WI Harper and Digital Currency Group. Bitmark aims to update ownership and creation identification for digital assets to replace current systems which do not work adequetly for online intellectual property.
Bitmark provides individuals with the opportunity to affirm ownership of the digital assets they create or post online in blogs and through social networks and platforms. Users establish ownership claims by issuing property titles, or ‘bitmarks’, for user-generated content and data. The combination of a bitmark and a digital asset creates a digital property. Issuing a bitmark for a digital asset asserts an exclusive claim of ownership.