this post was submitted on 02 Feb 2024
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Blockchain: the wave of the future (lemmy.world)
submitted 9 months ago by themaninblack@lemmy.world to c/memes@lemmy.ml
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[–] Tar_alcaran@sh.itjust.works 88 points 9 months ago* (last edited 9 months ago) (1 children)

One use case, is clear, independently verifiable ownership of non-tangible things, like Intellectual Property rights.

Why is your system better than the existing one?

There is, for example, the first-owner problem in a public blockchain. What happens if I make an NFT saying I own you property? Without an external system, how can you prove your NFT is real and mine isn't? And if there's an external system, why not use that instead?

[–] RoyaltyInTraining@lemmy.world 26 points 9 months ago* (last edited 9 months ago) (1 children)

I thought of that problem the moment when they started explaining their use case. I had no idea there is a name for it, kinda cool. If the blockchain people have a real solution for it, it would be a pretty big deal

[–] Tar_alcaran@sh.itjust.works 10 points 9 months ago

It's a term from copyright. The First Owner of a work is usually the person who makes a work, and they can then do all sorts of things with that.