Post
Topic
Board Tokens (Altcoins)
Re: ANN [ICO] [VZT] Vezt - Blockchain-secured Music Monetization Platform
by
vezt
on 18/12/2017, 20:06:46 UTC
How will Vezt ensure the right of ownership, if the blockchain has no legal status anywhere? With the same success they can sell paper with the inscriptions "IBM" or "Apple" and say that this gives the right to own a part of these companies.

Hi,

We store a legal doc called a Letter of Direction in the song token ipfs field which is what entitles us to collect with PROs

If the artist created one for two platforms for more than their total royalty shares they'd be filing fraudulent legal documents and would be in breach of contract

Thanks!
Joel