WHAT IS BLOCKCHAIN CAPABLE OF?

WHAT IS BLOCKCHAIN CAPABLE OF?

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The Internet can rightfully be defined as the forerunner of the blockchain era for many reasons. The Internet has opened the border for easy access to intellectual property. Today, the paradigms of intellectual property have changed with the growth of the blockchain.

The subject of intellectual property can be very significant depending on who is involved in this process all over the world. The introduction of the dot communiqué, introduced by the invention of the Internet by Sir Tim Berners-Lee , was the first.
WWW has provided a window for the democratization of the exchange of information and knowledge. In fact, this made inventors think outside the box when discussing issues of patenting and reservation of rights.

Open source platforms have been the focus of attention, and their global acceptance is evidence of a paradigm shift. The Internet, open source platforms and blockchain have a connecting ring that can be easily identified. Several advantages of blockchain technology can be illuminated in this light from different angles.

Internet and open source

How the Internet and open source platforms intersect can be considered in several ways. On the one hand, before the advent of the Internet, the idea of ​​open source platforms was unthinkable. However, many thinkers have begun to explore private property systems that can benefit the world.

The nature of the Internet is such that an idea, product or platform can easily gain worldwide fame. Although the success of any invention in terms of its recognition and adoption depends on its usefulness and globalization. The idea of ​​globalization is limited without the existence of the Internet.

The Internet operating structure has opened up opportunities for open source platforms for prosperity. Dogecoin price The inventors realized that they could develop an application for mass implementation without restricting the right to use, and at the same time make money. How this is possible is evident from the success of Red Hat and Linux technologies.

Blockchain

Blockchain, as a distributed ledger that is immutable, publicly available and decentralized, uses the Internet and open source features.

The use of blockchain in the modern world extends to sectors such as investment brokerage services, medicine, procurement and procurement, as well as education. Cryptocurrency arose from the blockchain, and for those who want to make money, studying Bitmex is useful.

The power of numbers

In recent decades, it has been fashionable to block the right to use any invention so that every user has to pay for access to it. Such was the dominance of intellectual property protection that patenting and limitation of use were the only way to stimulate innovation.

Years after humanity first touched on the use of the Internet, it became clear that a different point of view was already inevitable. Our world consists of billions of people, and the power of mass use is such that it cannot be overlooked.

When cryptocurrencies first appeared on the global market ten years ago, only a few people drew attention to it. However, everything changed in 2017, when more and more people took part in crypto-ideology. The wider distribution has led to the impressive current market value of bitcoins.

The initial cost of 10,000 bitcoins in the early days was worth only pizza, but today the story is completely different. This is the power of the open source strategy underlying the invention, which can grow the mass market for adoption.

The power of trade secrets

It is also understood that the inventor may choose a pay-per-use route to receive an immediate reward. However, it is clear that the power of trade secret or product refers to mass adoption.
Any new application or platform will require an understanding of the code and its maintenance, as well as best practices for use. If the inventor has the potential for allied side benefits, using an open source route would be beneficial.

Clearly, an open source platform can rely on the expectation that a product or service will be accepted worldwide. In a technology scene that is undergoing serious disruption every day, companies are more likely to motivate users.

Using the often repeated example of Bitcoin, one can praise the patience and foresight of the first developers.

The open source approach to bitcoins and blockchains meant that more people were able to work on innovation. Today, further research leads to the expansion of the scope of blockchain around the world.

Thanks to the use of this open source algorithm, the use of blockchain for the benefit of mankind has been accelerated. Therefore, developers are not prevented by the cost of access, which would be a limiting factor if the platform were paid.

While some private blockchains have appeared that require payment for access, the code underlying the work of blockchains has free access. Several developers are considering various and many applications that they can host on the blockchain.
Thus, there is no doubt that the blockchain has redefined how intellectual property should be regulated or protected.

The availability of the blockchain in the public domain makes it easily recognizable, and this is a huge plus. The question of who to give credit for the invention of the blockchain is also resolved, since its records are unchanged.

As more developers look forward to platforms that can deliver the best results for their applications, open source technologies keep their promise. Linux’s success story tells us that open source can be a commercially viable enterprise if it meets an urgent need.

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