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by sunshinekitty
1623 days ago
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assuming you trust the issuer (contract, in blockchain) there is a public and verifiable record of your ownership of an individual item paired with signing messages to prove your blockchain identity, you can prove to others your identity and assets in your control think if the contract was for movies from hbo, and by logging in you can view and download movies you own nfts of.. this is obviously not the case today, but may help highlight what the future may look like. you can of course think of and read about similar use cases for assets we ‘own’ today. a lot of the push in blockchain is for decentralizing authority and democratizing access, where the above example is only solving the former |
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No, it is the case today, at least for services that sell videos. Let's say today proof of ownership is your bank statement and an email from Amazon saying you bought a movie:
You can buy a movie from Amazon Video. You can have proof of ownership. Amazon is not contending your proof of ownership. Amazon agrees you clicked "Buy" and paid money. Amazon reserves the right to pull the movie from their site.
You still have your proof of ownership, Amazon just... doesn't care. Their servers will not serve you bits of data anymore.
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Now let's replace your bank statement with an NFT:
You can buy a movie from Amazon Video. You can have proof of ownership. Amazon is not contending your proof of ownership. Amazon agrees you clicked "Buy" and paid money. Amazon reserves the right to pull the movie from their site.
You still have your proof of ownership, Amazon just... doesn't care. Their servers will not serve you bits of data anymore.
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See the difference?