DALLAS, TX / ACCESSWIRE / June 11, 2021 / For the pre-Internet generation, the biggest threat they used to face to their property was a home invasion. Today, times have changed. Criminals have switched tactics and are now using ransomware and social engineering attacks, such as phishing and scareware, to rob individuals and companies of their social security numbers, bank account numbers, and other private information. The breach of the U.S. Colonial Pipeline is just the latest example of hackers using ransomware to steal millions in cryptocurrency, recently recovered by U.S. investigators. This type of attack, which happens “somewhere” in our computers and out in cyberspace, is difficult for many people to conceptualize, which is why experts like STEALTHCODE are so appreciated. The employees at STEALTHCODE have the knowledge and experience to help their clients defend their property and businesses from cybercriminals, ultimately keeping money where it belongs: in the hands of the people who actually earned it.
The STEALTHCODE team is led by its founder and new CEO, Dante Alston, who has led the cybersecurity company to protect over $400M in North American and European clients’ digital assets with its cybersecurity prowess and anti-ransomware, cyber-defense consulting. Some of the company’s employees and leadership are U.S. military veterans who served in U.S. cyber-command functions to defend the United States and NATO partners from attacks abroad.
The experts at STEALTHCODE are developing Bond, the company’s latest blockchain-based product that manages intellectual property rights as well as royalty rights. Bond seeks to bridge the gap between blockchain technology and intellectual property rights management, royalty payments, and licensing agreements.
NFTs, or non-fungible tokens, will be one of the services that Bond provides. NFTs are tokens that are used to represent ownership of unique items. They let people tokenize things like art, rare collectibles, unique artist merchandise, real estate, and even auctionable unique experiences. “Non-fungible” is an economic term that can be used to describe items, including furniture, a song file, or a computer. These things are not interchangeable for other items because they have unique properties. Bond will also provide a blockchain-based, digital-rights management platform and military grade encryption for transactions.
The music industry is a prime example of an industry ripe for disruption by blockchain technology with respect to artists’ rights management and royalty payments. Bond will help to solve this by allowing rights holders to code into files the permissions for use. This includes who can use a file, where the file can be used, and who should be paid or credited upon execution of the file, such as the streaming of a song or the watching of a video. Additionally, an affiliate tracking layer can be added onto videos to identify product placements in real time and attribute any sales generated for that product from a piece of content and issue a commission to the content creator. Any change in ownership or rights can be managed with a simple update to the blockchain.
Bond also solves the issue of royalty earnings being difficult to track and collect. Without an accurate record of contributors to a song, royalties cannot be paid out. It can take years to receive payment with traditional methods. Bond seeks to provide a transparent revenue-sharing model that enables rights holders to have an instant accounting of their entitlements. With blockchain, musicians are able to receive their share of royalty payments, venues can combat counterfeit tickets, and collaborative organizations can ensure teams or multiple-rights holders can be transparently and equitably compensated.
The cutting-edge technology utilized at STEALTHCODE ultimately means that individuals, businesses, and government organizations have a highly proficient and tactical ally in their fight against cybercriminals and in the protection of their digital assets as well as an opportunity to integrate an immutably accurate, granular rights and permissions management system to facilitate the digital transactions of the future. As the world moves deeper into the cyber age, STEALTHCODE will stay ahead of the trends so that its clients enjoy greater peace of mind and revenue.
Dante Alston, the Founder and CEO of STEALTHCODE, also serves as the COO at Los Angeles production company Blank Square Productions, which creates award-winning music videos with billions of views cumulatively. Alston also sits on the Board of private equity fund Stable Collective Private Equity Fund, which currently has $1B in assets under management.
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