Vietnam company creates unique new copyright system

The Blockchain has long been talked up as a source of useful risk reduction in transactions. Bitcoin and other systems rely on its distributed database structure to ensure facts can be verified and so risks reduced. An example is escrow systems for online ordering so that payment is triggered upon delivery.   

Copyright is an area where proof of subsistence and ownership would be very suitable for a Blockchain based verification system.

 

Now a Vietnam based software developer Copyrobo has developed a web- and app-based system for authors to create timestamped evidence of their work quickly and accurately. Using the Blockchain and timestamps it helps creators timestamp and manage copyrights.

 

Their angle appears to be that it can be used quickly and efficiently for online enforcement by allowing integration with social media.