KodakOne Could Be The Start of a New Kind of Intellectual Property
Chris Berg, Jason Potts, Sinclair Davidson, 13 Jan 18
       

Former film and camera maker Kodak has launched a new blockchain for photography. AAP

It’s easy to be a bit amused about Kodak’s new blockchain and cryptocurrency, the KodakOne. The old photography company is the classic case of a firm that failed to keep up with technological change.

But now Kodak is exploiting one of the most interesting characteristics of the blockchain (the technology behind Bitcoin) to reshape how we understand and manage intellectual property.

Just like Bitcoin demonstrated it was possible to have a digital currency that didn’t require third parties (banks or governments) to validate transactions, KodakOne hints at a future where intellectual property works without the need for third parties to enforce property rights.

Blockchains are a system of decentralised, distributed ledgers (think of a spreadsheet or database that is held on a number of computers at once). Transactions are verified and then encrypted by the system itself.

Kodak’s plan is to use the Ethereum blockchain to build a digital rights management platform for photographs. Photographers will register their photos on the KodakOne platform and buyers will purchase rights using the KodakCoin cryptocurrency.

The platform will provide cryptographic proof of ownership and monitor the web for infringement, offering an easy payment system for infringers to legitimise their use of photographs.

In one sense, KodakOne resembles one of the many supply chain (or “provenance”) applications for blockchain, which track goods and their inputs (think agricultural products or airplane parts).

But photographs are purely digital assets. In a sense, what we’re seeing is a new form of intellectual property.

In KodakCoin, the underlying asset – the thing that is being bought and sold, the thing that has the economic value – is no longer the photograph, per se. Rather, it’s the entry on the global blockchain ledger. Control of that entry constitutes ownership of the asset.

KodakOne only really gets halfway to this idea. Like so many blockchain applications, the question is how this elegant system will interact with the messy real world. It’s one thing to detect infringing uses of a photograph, it’s quite another to enforce terrestrial copyright law on unco-operative infringers. And KodakOne is hardly the only firm working on digital asset management on a blockchain.

A new kind of intellectual property

But there’s another, more pure example of what blockchains can do for intellectual property that is worth discussing – CryptoKitties.

CryptoKitties is a silly little blockchain game, but the economics are worth taking seriously. Players buy digital cats – cryptographically secure, decentralised, censor-proof digital cats – and breed them with each other. Each cat has a mix of rare and common attributes and the goal is to breed cats with the rarest, most-in-demand attributes.

That’s the game. But in fact what CryptoKitties has invented is a new form of intellectual property. Each cat is a completely unique, entirely digital good. And it is completely, cryptographically secure. It can’t be copied.

Sign in to view full article

       
The Science of Gossip: Four Ways to Make it Less Toxic
Gossip gets a bad rap. There’s no doubt that the act of gossiping about someone can sometimes be damaging and ...
Jenny Cole
Sat, 1 Apr 17
Are The Rich More Selfish Than The Rest Of Us?
Social scientists have long known that the rich are not exactly model citizens.
Jan Stoop, James Andreoni, Nikos Nikiforakis
Wed, 12 Apr 17
Organ Harvesting in China: Foreigners ‘Are 1 in 5’ Transplant Recipients
Prisoners of conscience are murdered on demand for their organs in China to supply a state-run transplant industry where one ...
James Burke
Mon, 20 Feb 17
Young Workers Expect Their Older Colleagues to Get Out of The Way
There are many names for the narratives pitting the older generation against the younger: Gen-Y versus Baby Boomers, “Generation Me” ...
Michael North
Wed, 15 Mar 17
The Phone Calls That Helped Expose Organ Harvesting in China
Drhiyuan Wang has spent more than 10 years investigating how other doctors in China have killed massive numbers of people ...
James Burke
Wed, 8 Feb 17
Advertise with Us
Join us today!
An Epoch Times Survey
Sports Elements
Read about Forced Organ Harvesting
BUCHERER