Qtum blockchain allows digital property owners to truly own their assets through "Proof of Existence"

Published on by Cryptoslate | Published on

The developers of Qtum, a platform for building and deploying smart contract-enabled decentralized applications, have revealed that Robin8's Profile Management Ecosystem allows users to upload their intellectual property data to QTUM's blockchain network.

As explained in an official blog post, published on May 11th, 2019 from Qtum's Medium account, influencers, subject-matter experts, inventors, artists, and digital property owners, in general, can "Claim ownership" of their IP or digital assets by transferring and registering them on the QTUM blockchain.

According to Qtum's developers, users may also trade their digital property on Robin8's decentralized marketplace.

Digital assets and IPs, which are part of the PMES, are "Controlled by the community" members and not by a centralized entity.

"Proof-of-Existence technology, through the onset of blockchain technology, has helped address this problem with provable timestamps of data."

Digital data residing within the PMES cannot be deleted or modified as all data records are tracked and verified using electronic timestamps.

As noted by Qtum's development team, users can upload and claim ownership of various types of digital assets including cryptocurrency tokens, e-books, software licenses, password keys, and social media profile data.

In order give control and ownership of their property back to the content creators, the PMES platform allows users to buy and sell their assets in a peer-to-peer manner.

PMES users can also post ads and interact directly with other users.

The blog post describes the PMES as "a hybrid Ebay and Facebook" it's completely decentralized and "Autonomous." Moreover, Robin8's PMES users control their data and they can decide whether to sell or share it with other users.