HashCash Builds a Blockchain-based Intellectual Property Protection Prototype | News

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PALO ALTO, Calif., Aug. 28, 2021 /PRNewswire-PRWeb/ — The internationally acclaimed blockchain development company, HashCash Consultants reveals the thought behind a blockchain-based Mental Property Property mannequin. The concept, although within the preliminary levels of improvement will forestall copying and theft of authentic content material.

The proposed blockchain-based strategy makes it attainable to guard developed concepts and preliminary ideas for product design and improvement. To vouch for each proof-of-existence and proof-of-origin, a novel hash is generated from each digital artifact within the system and embedded into the blockchain by the decentralized trusted timestamping service. As soon as this distinctive signature is recorded in a transaction throughout the underlying blockchain community, it may be traced from the place specific contributions originate is attribute of the blockchain structure. An integrity verification characteristic or digital identity is carried out to authenticate the customers.

“Theft of concepts and plagiarism of digital content material is rampant throughout platforms. Mental Property safety deserves severe ideas given the circumstances,” remarked Raj Chowdhury, CEO, HashCash Consultants.

“Concepts, contents, designs, and storylines are at occasions price thousands and thousands and it’s practically felony to not credit score the earliest ideator.”

The analysis crew at HashCash intends to cowl all types of digital content material inside this answer; together with scripts, digital drawings, animation clips, and extra. The appliance is made to be scalable because the crew anticipates a spread of prospects to be integrated with the layering of IoT and AI with sensible contracts on the blockchain.

“Inherent options of blockchain-based purposes present the advantages of provenance, traceability, and anti-counterfeit service to bolster the appliance,” added Chowdhury.

Certainly, an utility that protects a creator’s originality with their digital signature and timestamp might go a protracted method to curb the issue that exists throughout industries.

HashCash is a worldwide software program firm. HashCash Blockchain merchandise allow enterprises to maneuver property and settle funds throughout borders in real-time for Remittances, Commerce Finance, Cost Processing, and extra. HashCash runs a US-based digital asset trade, PayBito & digital asset cost processor, BillBitcoins. HashCash provides crypto exchange and cost processor software program options, ICO providers, and customised use instances. HashCash propels development in know-how by Blockchain1o1 packages and its funding arm, Satoshi Angels. HashCash provides options in AI, Massive Information, and IoT by its platforms, merchandise & providers. HashCash solves the hardest challenges by executing progressive digital transformation methods for purchasers world wide.

Media Contact

COLEEN F, Hashcash Digest, +14159662907, [email protected]

 

SOURCE HashCash Consultants

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