I had an idea for applying the Bitcoin Open Assets to create Transferable Software Licenses. I tweeted about it.

2/ The private key is their license key. Unguarded sharing of this key is unwise since it can be transferred by any key holder. #Bitcoin

— Shane Celis (@shanecelis) December 24, 2014

4/ It looks like the old licensing system but it can’t be counterfeit. It’s transferable & piracy requires a conspiracy of thieves. #bitcoin

— Shane Celis (@shanecelis) December 24, 2014

Elaine Young asked for clarification, so I spent a little time trying to create some images that described the transferable software license idea and its two building blocks: Bitcoin and Open Assets. The images may be a little easier to view on tumblr. (Images made in Paper 53.)

Transferable software license with #bitcoin open assets in three infographics. #inonetweet pic.twitter.com/GyUzKZQoCO

— Shane Celis (@shanecelis) December 24, 2014

This video is the final form of me trying to explain an application of open assets. Transferable Software Licenses is probably a dull albeit lucrative application. The real point though is that these assets could be used for anything! It could be concert tickets, in-game currency, or quadrapuses.