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I can see the potential usefulness of a system that works somewhat like Bitcoin, but which manages digital media licenses instead of money. It would allow for such things as proof of ownership of a license and potentially controlled transfer of licenses between individuals.
It could also allow the separation of media delivery from purchase. For example, you could purchase a license for a book or movie from a seller and then later submit that license to a data provider to deliver that media to you on demand for a small fee. So that for example you could read your book on any device that supports it without having to do the work of format shifting and copying yourself. The convenience might go a long way toward combatting piracy.
Just some thoughts. I doubt this will ever happen.
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