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lunedì 28 marzo 2022

Blockchain and copyright. How trust is created

We know that blockchain, can apply a time stamp to a digital data, in order to increase trust and agreements even between parties who do not know each other.

But how is it possible that the Blockchain and law, marry towards a new paradigm?

In the Blockchain, through the hash of a digital document, information can be recorded, paying for a transaction in a process known as tokenization.

If the blockchain is public and its acceptance is through nodes distributed in the network, the time-stamp unequivocally attests that at that instant the document has that content.

In this sense, the hash of the document must never be tampered with, and the organisation that holds it must carefully preserve the original. 

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