Is Blockchain Technology Allied to Software Piracy?

Feb 20, 2020 at 08:57 // News
Coin Idol
Software licenses provide statutory conditions for the use of intellectual property

A software license is an important tool that establishes the rules and conditions for the use of specific digital support by a company's employees, which is why some large companies have asked the best experts to find new solutions based on disruptive technologies such as Blockchain and distributed ledger technology.

Software licenses provide statutory conditions for the use of certain digital intellectual property. If a person within a company intends to use a software (S/W) package, the company must purchase a license from the S/W manufacturer to allow the employee to use it as they would like. In the event that the employee uses that S/W without a license, however, this can result in a hefty fine, criminal charges or both for the company itself and not just for the guilty individual.

Not only large companies, but also small companies that increase rapidly or regularly obtain new hardware, occasionally find it difficult to control their software licenses. Unlike most physical things you can buy, the S/W doesn't essentially belong to anyone. In fact, when you pay for a program, you become licensed users, not owners; the difference is so profound that even the consequences of an act of piracy are profoundly different from an act of robbery exerted on a physical thing.

So let's look at the different types of hacking and how you can keep your company away from this activity, thanks in part to the Blockchain.

The Risk of Software Piracy

Companies of all scales face legal risks from software piracy. As per the law, a firm can be held liable for the whereabouts of its employees. Say, if a worker installs illegal S/W on a company's computers or downloads illegal S/W over the Internet, the company may be sued for copyright infringement, even if the management was unaware of the whereabouts of the worker.

Hacking has many forms, and the following are the most common: End-user piracy: Internet piracy: Uploading to hard disk: Excessive client/server usage: and Imitation:

However, staying within the legal limits of the license agreement should not be a hassle; since there are Blockchain-based solutions are being invented to help companies.

Additional benefits of using tokenized software licenses include:

  • have the potential to apply acquired licenses to multiple goods;

  • customers (individuals within companies, just like private clients) are not always aware of the full range of features available to them with the license attained, while the token-based licensing system ensures the satisfaction of the client from the time of acquisition of the license itself;

  • As the software development phases progress, clients can request new licensed features and remove the charge of unused software;

  • The entire licensing method is streamlined, as customers can add or try new software applications while using the software for their business project, sans the necessity for new OPs or an ad hoc assessment process. time after time.

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