Hyperownership: Beyond the Current State of Interaction with Digital Property

TL;DR

This paper proposes hyperownership, a novel concept that uses hypertext to enhance interactions with digital property, especially in the context of blockchain and NFTs, aiming to transform digital ownership management.

Contribution

It introduces the idea of hyperownership, applying hypertext to digital property ledgers, offering a new framework for understanding and interacting with digital ownership.

Findings

Hyperownership leverages hypertext to augment digital property systems.

The approach offers potential to improve transparency and user interaction.

It highlights risks and challenges in implementing hyperownership.

Abstract

The introduction of novel technology has oftentimes changed the concept of ownership. Non-fungible tokens are a recent example, as they allow a decentralized way to generate and verify proof of ownership via distributed ledger technology. Despite crucial uncertainties, these tokens have generated great enthusiasm for the future of digital property and its surrounding economy. In this regard, I think there is an untapped opportunity in applying a hypertext approach to augment such highly structured ownership-based associations. To this end, in this work I propose hyperownership, based on the premises that property is the law of lists and ledgers, and that hypertext is an apt method to inquiry such a ledger system. In spite of the significant risks and challenges to realize such a vision, I believe that it has great potential to transform the way with which we interact with digital property.