NEM Ventures, the blockchain venture capital fund, has invested in SharpShark, a Chilean startup leveraging the Symbol blockchain platform, to offer timestamping solutions for content creators to protect their intellectual properties, as it will also allow them to tokenize or transfer their creations.
It has been reported that SharpShark is designed for creators ranging from writers, academics, and journalists to photographers, artists, and designers. The platform will create a digital signature that will be issued to text and images to the Symbol blockchain.
However, the data is stored in immutable form and is compliant with privacy policies.
The main use-cases of SharpShark are: span media, academia and user-generated content platforms.
A blockchain company is using the technology to help media content creators protect their intellectual properties https://t.co/Mpsse67ocq — Cointelegraph (@Cointelegraph) August 2, 2020
The company said that writers and journalists can use SharpShark to detect plagiarism, prevent copyright infringements, and create a portfolio from their intellectual properties.
Kailin O’Donnell, the Co-Founder and General Partner at NEM Ventures, said:
“Existing timestamping solutions have fallen short and copyright deposits are extremely costly. SharpShark’s digital timestamping service records artwork, aiming to protect creators’ moral rights to their work by detecting plagiarism and copyright infringement.”
Thus, blockchain technology can greatly help one of the greatest challenges for digital content creators, maintaining copyright over their work.