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BLOCKCHAIN

Investors invest big in a new blockchain-based IP protection application

Investors invest big in a new blockchain-based IP protection application
The Siliconreview
03 August, 2020

In recent times blockchain technology is helping the startups and other digital content creators maintain their copyright. Blockchain technology has gained immense popularity, especially when it comes to keeping copyrights of content creators and digital market sector. It is reported that blockchain venture capital fund NEM ventures have invested big in SharpShark, a blockchain startup that offers time stamping for content designers to protect their intellectual properties.

This investment will allow the startup to tokenize as well as transfer their creations. SharpShark is primarily designed for content creators ranging from writers, academics, journalists, photographers, designers, and artists. This platform will create a digital signature that will be issued in form images and texts. The data will be stored in an immutable form with privacy policies.

SharpShark uses a new IP protection app that can detect plagiarism and prevent copyright infringements from creating a portfolio. "Existing time-stamping solutions have fallen short, and copyright deposits are extremely costly. SharpShark's digital time-stamping service records artwork, aiming to protect creators' moral rights by detecting plagiarism and copyright infringement," Kailin O'Donnell, Co-Founder, and General Partner at NEM Ventures added.