Notes from An Alien

~ Explorations In Reading, Writing & Publishing ~

Tag Archives: Bitcoin

How Could #Bitcoin and #Publishing Be Alike…?


blockchain and publishing Fair warning:

Today’s post is probably only for geeks who live on the bleeding-edge…

Or, those striving for that lifestyle…

Plus, I don’t fully understand what I’m sharing

It starts with an article on Publishing PerspectivesBlockchain and Potential Implications for International Book Publishing

It continues with an article on the Alliance of Independent Authors site—Blockchain for Books

I’ll share excerpts from the articles; and, rather than urge all readers to go check out the full articles, perhaps I’m only urging the bravest amongst you

First, a definition (from the Alliance of Independent Authors article) of the key concept behind Bitcoin, Blockchain, which is what’s being touted as an amazing tool for publishing:

Blockchain is a continuously growing list of records, called blocks, which are linked and secured.

Unlike HTML, blockchain allows one person to transfer a unique piece of digital property to another in a way that 1) is guaranteed safe and secure; 2) open, visible and agreed by all; and 3) cannot be subsequently modified.

Next, an excerpt from the Publishing Perspectives article that lists what the Alliance of Independent Authors feels are the qualities of Publishing that Blockchain will impact:

“Copyright, which ALLi suggests can be superceded by blockchain, making ‘ownership indisputable’

“Smart publishing contracts, that will use automation to ‘simultaneously represent ownership of an intellectual property and the conditions that come with that ownership’

“Smart author wallets, into which ‘booksellers and wholesalers’ as well as ‘Amazon and other digital platforms and trade publishers’ will make author payments, as will readers who will ‘make micropayments for a single article, small video, or podcast episode’

“Privacy controls, in which ALLi’s interest is in its members’ ability to ‘forward a book, directly from author to reader, without any middle man, freely or for Bitcoin exchange’

Anyone who has understood the previous excerpts should write their own article about Blockchain and Publishing…

btw

The Alliance of Independent Authors‘ article goes into more detail on those last four “benefits” of Blockchain…

And, I should mention that the Publishing Perspectives article is heavy on the benefits to traditional publishing; but, the Alliance of Independent Authors champions self-publishing…

A bit more from Publishing Perspectives:

“It’s easy to see the upside that blockchain technology could have on the publishing industry, and we believe it’s likely that some of this change is going to happen in the medium to long term.”

They then go on to point out potential obstacles to implementing Blockchain…

One last excerpt from Publishing Perspectives, who I believe are clearly a trusted source of information:

“While much of the current hype around blockchain is certainly unfounded, there’s definitely great potential in this model.”

So…

Any readers who’ve gotten this far in the post and feel they understand what Blockchain can do for publishing, do, please, chime in with a Comment :-)
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