this post was submitted on 14 Mar 2024
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The value of blockchain is to provide immutable ownership of something. Whether that be music, a tv show, movie, music, video game, etc. There is music on the blockchain, and the artists who have created that music can sell their music to fans without having to pay egregious fees to corporations. As well, they can determine if they'd like to include royalties, so every time their song is resold they can get a percentage of that transaction. TV show and movies are far less common, but the fact that you can own media on a decentralized platform that won't go down because, a cloud service is having trouble, or the company decides they don't want to host that particular media anymore even if customers have already bought it, means that you have access to what you purchased. The same can be said about games. Moreover, assets you either collect or purchase for that game can either be traded or sold. And, apparently the US Gov feels like there's beneficial use cases for it, too: https://www.gao.gov/assets/gao-22-104625.pdf
If I have a movie downloaded on my computer I own it, I don't need a link on a decentralized ledger to prove it to anyone lmao. The movie itself (or the music) isn't even "on the blockchain". It's clear you don't understand the technology.
It's not about proving anything. It's the fact that society is moving towards subscription based models in any facet of life they can possibly work it in. Software, hardware, tv, cars... Are you upset with the way I referred to how the data is stored? Typically that's the most cut and dry way of getting the point across. But since you're an expert on the matter, why don't you elaborate on why you're so against technology that benefits people?
But you don't need blockchain to solve the issue with the push for subscription business models, it actually has zero impact on whether or not companies want to use that model. I can buy a digital file (providing someone is selling it of course) without blockchain, it's mine without blockchain, and I can use it however I want without blockchain, I can sell it without blockchain...so why would I need blockchain for this scenario? It doesn't provide a solution to a problem.
Companies will push for subscription models because they love that recurrent revenue and lock-in of the userbase it provides. blockchain isn't going to stop them from having this preference.