“Po.et records ownership information and metadata from creative digital assets and, therefore, makes the publication, licensing and authentication of assets simpler. POE uses the blockchain to create this record of digital assets that is verifiable worldwide, as well as the metadata that allows smart media apps to have access and to license the assets…”
Coin Name: Poet
Birth of project: 2016
Project Status: WordPress Plugin
Circulating Supply: 2,256,920,162 POE
Official website: https://po.et/
Introduction to Po.et (POE)
Po.et records ownership information and metadata from creative digital assets and, therefore, makes the publication, licensing and authentication of assets simpler. It was created in 2013 by Esteban Ordano and Maniel Araoz, as a non-financial blockchain app.
POE uses the blockchain to create this record of digital assets that is verifiable worldwide, as well as the metadata that allows smart media apps to have access and to license the assets. This is the use case for POE, as the digital content that exists today doesn’t has enough metadata, namely information about the author, property, creation date or history about that content.
At the same time, the metadata that does exist can easily be removed or changed when the files are transferred or simply resized. The existence of verifiable information is very important for licensing processes and ownership situations.
Companies like Shutterstock create licensing and ownership hubs, but these hubs are exclusive for those private companies, meaning they are not accessible to other sites and apps. Po.et solves this question using Proof of Existence, a protocol that stores permanently and immutably a cryptographic digest of the file in the Bitcoin blockchain, proving in a public way who possesses that data.
The fact that Proof of Existence exists in the Bitcoin blockchain is all it takes to facilitate the verification of an asset’s integrity. Po.et extends the use of Proof of Existence to commercial applications, with the inclusion of metadata.
The existence in the digital world of ownership certificates makes tracking and licensing easier, creating a worldwide marketplace for this category. This is an enhancement to the existing licensing organizations like Creative Commons or Getty Images, and facilitates the creation of dApps and media integration.
Po.et is currently on its first development era – Rosetta. Guttenberg is the era being developed, which will bring more advanced features. A third era called Alexandria is also mentioned on the roadmap, already with a network and marketplace for publishers, editors and content creators.
The standard metadata catalogue for digital assets that Po.et brings means the assets can be discovered by URL, author, publication, word count or any other attribute the publishers choose. Po.et goes further ahead and generates a log of edits and changes made on the asset, registering everything on the Po.et ledger.
POE is a project that aims to organize a fragmented sector, so if they manage to get major partnerships and user adoption, this could be a case where the blockchain can reorganize an industry.
This is a brief introduction to Po.et, but if you want to know more about the coin, what people are saying about it, technical details, jump right in any of the links we present below. They are well worth reading before investing!
Feb 19, 2018: $0.073494
Jan 19, 2018: $0.098821
Dec 19, 2017: $0.032491
Nov 19, 2017: $0.007054
I now really really can’t tell the diffrence between these coins. There is such a thin line between them. However here I can see the diffrence between POE and other similar coins that perform the same function.I like the fact that it has concentrated on the registration of artistic digital assets. Art is an area that is often ignored, because its not as profitable as, say finance. However I’m not sure about this model.Is it viable? How do they make money ? Will they make enough money to sustain it?
It is a fact that there are many coins with a lot of competition, but I don’t think POE is one of them, at least that I am aware of, it presents the unique use case of recording ownership information and metadata from digital assets, making licensing easier, as well as verification. Pretty unique I believe!
I think this will be adopted by quite a few companies working in the area. Take for example Canva, they deal with copyright issues all the time trying to realize who owns what digital asset, and with POE those debates come to an end, it’s all on the blockchain. Who says Canva says a lot of other companies and artists working in the area.