In the murky world of crypto, STIMMY Coin unfolds as Nigerian influencer Feyi orchestrates a shocking scam, laying bare the pitfalls of crypto investments. Brace yourself for a cautionary tale, exposing the darker realities within the crypto realm.
Cryptocurrencies also settle transactions in faster and more efficient ways than traditional financial institutions, allowing you to send and receive money almost immediately since it does not involve intermediaries like banks and payment processors.
Web 3 empowers you by putting privacy back in your hands, allowing you to have full control over your data and online identity.
Human rights of individuals regarding to access and use
of computers or other electronic devices, or the ability to use, create, and
publish digital media is termed as digital right. For instance, right to
privacy and freedom of expression in internet era.
Digital right is very important when we talk about data
to help understand how our data is being
used by companies, governments and internet giants.
Discussing about digital right we need to understand smart contract
which allows the performance of credible transactions
without third parties and makes the transactions trackable and irreversible.
Its aim is to provide security and to reduce transaction cost. Smart contract is built on blockchain. Hence, a blockchain-based smart contract is
visible to all users of said blockchain.
Some people tend to ask questions like; should we trust
government with our data? Who is looking at my data? While not avoid such
questions and secure your data in blockchain since you know that governments,
companies, and cyber criminals can easily collect your data and track your
movements or communications.
DIGITAL RIGHTS MANAGEMENT
Digital rights management is termed as a systematic
approach to protecting copyright for digital media. Or rather for
preventing unauthorized redistribution of digital media.
The issues of digital rights is basically in music
industry, film industry, software industry and the publishing industry where
most people would rather not pay for things if possible but can illegally copy
from one device to the other. Hence, digital right management helps to prevent
unauthorized sharing of copyrighted work, for Piracy Protection &
revenue loss, to secure sharing, to enable Cost & time savings.
HOW CAN BLOCKCHAIN BE APPLIED IN DIGITAL RIGHT?
Blockchain facilitates the protection of digital rights
by securing the right of an individual and avoiding copyright infractions. By using blockchain, Individuals that always need to depend
on a third party service provider can eliminate the intermediaries and will be
able track their distributions.
With blockchain, publishers can time stamp and person stamp
all digital content and ensure that the copyright belongs to you and the owner
can be traced back to the content creator.
Blockchain ensures a secure payment system for publishers and
authors with smart wallets enabling them to receive payment directly in their
wallets without the need for a third party executing agency.
Blockchain can enable free and secure exchange of digital
content and also can track and keep a record of every transfer of ownership
with automatic payments made into the smart wallets.
With blockchain, digital rights management companies can access the
full record of transactions to find the exact timestamped “block” when any
project rights were first transferred and people made contributions to that
project. It can therefore
benefit individuals by imposing the extra controls over your information
that allow you to remain totally in control.
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