I can, without getting into specifics, because I am a patent lawyer so I work on a bunch of different things. Blockchain essentially could be a great tool to track usage given the way it's distributed, depending on how one sets the networks. Blockchain can be thought of as just a fancy data structure that can be distributed across a series of different nodes, and those nodes can be controlled by different entities. It's a nice scalable solution, and there's some trust built inherently into this architecture because there's a chain effect essentially, using encryption technology that prevents things from being swapped out. It's supposed to be an authentic trail.
The issue—and it's kind of what Jerry was alluding to— is that if you're using it from an outright management perspective, it's a great way to store a bunch of data about how rights are being used. It can also include technology tools within the block. It doesn't have to be just data. You could actually put a smart contract into a block, which is essentially a piece of code that executes automatically, so if Jerry's book gets used, pay x out to Jerry.
The question, I think, from a technology standpoint is how we can upload that usage information automatically to the blockchain. Just think of it as this fancy data structure with a bunch of different blocks, so if I want to use Jerry's book, how can we facilitate the technology, that usage, so that it can update that information on the blockchain, and it can trigger that contract to pay Jerry automatically? It can eliminate some of the middle people, and might put more money into Jerry's pocket, hopefully, and the automated fashion of that can help eliminate a lot of other—