License management company Licence Rocks Who are delivering “Easy licensing for the next generation of the internet” have developed a licensing solution for your digital and physical products. Transform the way you manage and monetize your IP for a more and more digital world.
“At license.rocks, we are driven by the vision of revolutionizing licensing for the digital era. With our NFT-based solution, we aim to simplify the complex process of licensing, offering legal compliance and protection for your products. Our goal is to empower businesses to monetize their intellectual property without stress or uncertainty.”
Token-as-a-License (TaaL model)
The Token-as-a-License or TaaL model relies on tokenisation to enable the aforementioned secondary market. In short, TaaL consists of identifying each software license with a token, allowing the validity of used licenses to be easily verified against the blockchain while solving the double-spending problem. This can even allow selling used software out of insolvency, bettering intangible assets’ liquidation in the bankruptcy process.
It is even argued that Ethereum’s Ether, although perceived mainly as a currency, is also a use case of TaaL tokens. In this case, Ether would constitute an example of pure-play consumptive tokens or a “use it up” model, which is transaction-oriented. However, other license models exist and are compatible with TaaL.
The main way that is put forward for TaaL is “token pools” for companies or other organisations representing many final users. For these organisations, it is difficult to precisely predict how much usage of a given software and by how many people it is going to be needed. A pool of tokens that allows the re-sale of unused tokens would reduce the risk of larger purchases, increasing flexibility, the competitiveness of the market and efficiency.