Technology

Blockchain

Blockchain technology has revolutionized the way we store and share information. Using cryptography to keep information secure, blockchain offers a decentralized database based on a network of independent computers, called nodes.

Each of these nodes has to validate and approve a change in the network, which reduces the dependencies and vulnerabilities of the centralized storage of information.

Identity verification

Just as when you go to a notary to sign a document, or when you go to a public registry to make a record, and they ask for your id document to verify your identity, the certifications issued by Musicdibs must be associated with a previously verified identity to have legal validity.

But don’t worry about this: your personal data will not be shared with anyone and they will only be used for this purpose. When we register your creation in blockchain this information will not be accessible, since thanks to cryptography we “anonymize” all operations, keeping your personal data safe.

Non-fungible tokens (NFTs)

An NFT is a non-fungible token, something with unique value, that represents ownership of a digital asset, such as a song, photo, video clip, or digital artwork. In contrast, “fungible” means interchangeable, so it can be replaced by something of equal value.

The NFT is sort of like the mp3 file plus a tag that says “this file is original, limited edition, and can’t be copied.” In other words, NFTs allow digital items to be treated.