EMCDPO - Digital proof of ownership with Emercoin.
This document is an introduction to EMCDPO - Emercoin Digital Proof of Ownership. A decentralized solution for the validation of ownership through the Emercoin blockchain for both physical and digital goods and services.
Digital Proof of Ownership solves many real world problems related to the validation and authenticity of numerous products and services available today. By outsourcing the factor of trust to the Emercoin blockchain, physical and digital goods can now be assigned immutable proof of ownership to their respective owners. Currently there exists a myriad of problems with the validation of ownership in key areas of economic activity such as software licenses and subscriptions, land titles and deeds, music, artwork, diamonds, vehicle registrations and much more.
The costs to validate and authenticate ownership in several of these industries is burdensome, opening up the possibility of fraud, counterfeiting and even theft. Currently, in the physical world the common solution for ownership assignment is done via database entry or written record. With digital asset ownership, the solution is almost exclusively a database entry relating back to an ownership identifier (license key, product number, etc). In both cases the possibility of mismanagement and/or corruptibility of these records is high.
EMCDPO offers a solution to this problem by utilizing the power of blockchain technology. One of the many innovative Emercoin blockchain services is the NVS (Name-Value Storage), which allows for the safe storage of relevant ownership information via Name-Value key pairs. The Emercoin blockchain provides a universal service in this respect, allows for the storage and maintenance of Name-Value pairs without imposing a narrow set of specializations and limitations. Because of this flexibility, the NVS service is the ideal solution for the validation of recorded ownership of virtually any product or service. The NVS service is extremely extensible and allows for numerous types of data to be stored such as DNS records, SSL and SSH certificates, business contacts and much more. For a more detailed walk-through of the NVS service please see:http://emercoin.com/EMCDNS_and_NVS.
To learn about the EMCDPO technology, please study the PDF white paper
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