Rights Registries and the Problem of Truth
Rushit Jhaveri··1 min read
A blockchain is very good at proving that a statement was made at a particular time and has not been altered. It is entirely incapable of proving the statement was correct. For a rights registry, that gap is the problem, and a surprising number of projects in this space have not noticed it.
The failure mode
Someone registers a claim to a work they do not own. The chain records it faithfully. Now there is an immutable, timestamped, cryptographically signed record of a false claim — and its permanence, the property everyone is selling, works against correction rather than for it.
We have seen this asserted as a feature in at least four decks over the past year.
What actually helps
Attestation from a party with something to lose. A registry entry is worth what the attester's reputation is worth, which means the interesting design question is not the data structure but who signs and what happens to them if they sign wrongly.
A dispute process that can supersede. Not delete — supersede. The original entry stays; a later, authoritative entry takes precedence. This is how every functioning rights registry outside crypto works, and the ones being built inside it mostly lack the mechanism.
A connection to existing registries. Collecting societies, copyright offices and guilds hold the authoritative data. A registry that ignores them is building a parallel truth, and parallel truths do not resolve in your favour when a real dispute arrives.
Why we keep writing about this
Because it is the piece our clients most need and the piece least well served. We have looked at a lot of teams here and backed very few. The ones we like are the ones that started from how rights disputes actually get resolved, and worked backwards to the technology.
