Everyone is getting excited by the Blockchain’s application to IP. Copytrack is a Singapore based business that hopes to revolutionise image based copyright licensing, by creating a secure blockchain based log of rights based information for a photograph. Even more, your camera’s metadata can be automatically integrated into the system. Then licensing and royalties can be claimed through an online enforcement mechanism. They hope to expand into other content like music and text.
Vietnam
is a hotspot of blockchain development. The Vietstock Blockchain Summit was held last week. Bitcoin
is part of the story, but Vietnamese companies are also working on copyright
verification systems on the blockchain, such as Copyrobo which has operated a web- and app-based service which can provide timestamped evidence of
documents, video and music for over a year with its CopyrightKey technology.
The
general consensus is that the next wave of tech giants could come from a coffee
shop in South East Asia as much as Silicon Valley. Last week. Google announced
an investment in Indonesia’s Go-Jek, alongside Tencent, JD, Sequoia and other
VC giants. What is interesting for the
IP industry is the rush of SE Asian companies looking to develop blockchain based IP tools.
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