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Trent McConaghy: Ascribe – The Internet of Ownership

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Sinopsis

The idea of using the Bitcoin blockchain to represent and track the ownership of off-chain assets is almost as old as Bitcoin itself. One of the startups that is pursuing this vision is Berlin-based Ascribe, which allows creators to register (‘ascribe’), transfer and archive digital art. Ascribe CTO joined us for a fascinating discussion of their ambitious goals to enable a so-far elusive secondary market for digital art, help creators monetize their work and ultimately retrofit an entire ownership layer to the internet. Topics covered in this episode: Why ownership in the internet is broken How Ascribe wants to realize the vision of Project Xanadu of an internet with bi-directional links and baked-in copyrights How the SPOOL (Secure Public Online Ownership Ledger) protocol works The components of the Ascribe tech stack How Ascribe will crawl and similarity-match the entire internet to retrofit an internet of ownership Why Ascribe focuses first on the digital art market Episode links: Ascribe SPOOL Protoco