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| Tokens as a Licence: Using blockchain tokens to licence IPR |
Tokens as a Licence: Using blockchain tokens to licence IPR
As every month passes we hear about new use cases for blockchain technology. The common ones for cryptocurrencies. Outside of cryptocurrencies, we hear about using blockchain for insurance records, supply chain management, DRM and digital assets such as financial instruments.
Rather than using tokens as a means of security, another use case is for licensing. Tokens as a Licence (TaaL) are used for licensing software. Among the many methods of licensing software, developers can get their users to purchase blockchain crypto-tokens which can then be used against software.
TaaL could be used for licensing other tangible or intangible assets such as IPR (films, music, eBooks, digital content), real estate, cars etc.
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