Who is going to take care of licensing and copyright concerns?
There is a great deal of complexity involved with licensing, royalty collection, and financial account management. That is why there is the concept of a “PaySwarm Authority” in the network. The PaySwarm Authority is the trusted platform vendor that processes all of the credit card transactions, royalty collection and distribution, identity verification, and the other necessary services provided by a trusted platform vendor. These are the companies that license digital content from the content creators. The bloggers, radio stations and other digital content distributors use the trusted platform vendors as their PaySwarm Authority – which allows the network to be open, but payment and royalty collection/distribution to remain secure. The PaySwarm work is focused on ensuring interoperability between the browsers and the PaySwarm Authority at the moment. Future work will focus on interoperability between multiple PaySwarm Authorities. PaySwarm Authority interoperability would allow a custo
