This startup is using blockchain technology to protect intellectual property and other online data. Based in Taiwan, Bitmark is a property system for the digital space, protecting personal data and your digital assets. Currently in beta, the new venture "is using a blockchain algorithm to create distributed consensus on who owns what in the digital sphere" according to Springwise.
Bitmark makes it easier to own original music, movies and other areas conventionally covered by intellectual property, but also seeks to make it easier to verify ownership rights over emerging subjects like online art, computer code and user-generated data. Digital signatures dubbed 'bitmarks' are used to facilitate issuance and title transference. By using blockchain technology, the company offers a way to identify digital files individually.