They could, but why would they? Right now, they can lock content behind a subscription, remove listed content, edit and re-release content, and pretty much do whatever they want. You don't buy a movie, you buy the limited right to watch what goes as the current iteration of a video file for a certain amount of time. You can't resell your purchase, so everyone has to pay full price to the sellers.
Using NFTs or other cryptographic DRM would be hugely beneficial to consumers, but what's the point of helping the consumers? It'll only cut into costs because NFTs require some kind of cryptocoin network to do a bunch of calculations, which is expensive to run and wastes enormous amounts of electricity.
A simple RSA signature could be used to license a file to your computer and some DRM comes pretty close to that. If the industry wanted to give you ownership, they already could've done it before the NFT speculators set up the current hype.
Comments
They could, but why would they? Right now, they can lock content behind a subscription, remove listed content, edit and re-release content, and pretty much do whatever they want. You don't buy a movie, you buy the limited right to watch what goes as the current iteration of a video file for a certain amount of time. You can't resell your purchase, so everyone has to pay full price to the sellers.
Using NFTs or other cryptographic DRM would be hugely beneficial to consumers, but what's the point of helping the consumers? It'll only cut into costs because NFTs require some kind of cryptocoin network to do a bunch of calculations, which is expensive to run and wastes enormous amounts of electricity.
A simple RSA signature could be used to license a file to your computer and some DRM comes pretty close to that. If the industry wanted to give you ownership, they already could've done it before the NFT speculators set up the current hype.