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The Emergence of IP Addressing as an Asset
The emergence of IP addressing as an asset is a relatively recent phenomenon that has arisen from a technical collision. IP addresses have been a mundane aspect of the internet for decades, with the allocation of IPv4 addresses beginning in the 1970s by John Postel. However, the primary IPv4 registry has reached its logical end, and while the new IPv6 protocol has been introduced, it has not yet gained widespread popularity.
The Market for IP Address Management Rights
In reality, IP addresses are not subject to ownership, but rather a right reserved for market participants to make changes to registry entries, with the regional registry (RIR) acting as the registrar. This right can be transferred between local registries (LIRs), creating a chaotic market for the resale and rental of IP address management rights. Despite the lack of a clear legal framework, transactions worth tens of thousands and millions of euros are being conducted through a range of different channels, with the legal and tax consequences still unclear.
The InterLIR Platform: Creating a Legal and Tax Base for IP Address Transactions
In response to this, the InterLIR platform has been created to systematize these processes and provide a full-fledged legal and tax base for transactions, protecting the rights of all parties involved. The platform aims to transform IP addresses into a full-fledged object of law, which will lead to their protection as an asset for investing money and possibly their use in the future for mutual settlements.
Turning IP Addresses into a Full-Fledged Digital Asset
The properties of IP addresses make them a viable digital asset. They have worldwide distribution and ubiquitous penetration, objective value as a part of the service provided, and subjective value, similar to digital currencies. These properties are inherent in both IPv4 and IPv6 addresses.
The InterLIR platform aims to collaborate with other market participants and technical regulators to turn IP addressing into a full-fledged digital asset. The goal is to create a new digital future and to encourage users to become part of this vision by becoming a user of the platform later this year. The transformation of IP addresses into a digital asset has the potential to revolutionize the way we view and use them and create new investment opportunities in the digital economy.
The Future of IP Addresses in the Digital Economy
The future of IP addresses in the digital economy is promising. The potential of IP addresses as a digital asset is yet to be fully realized, and as the digital economy continues to grow, their value is likely to increase.
One area where IP addresses can play an important role is in the Internet of Things (IoT). As more and more devices are connected to the internet, the demand for IP addresses is likely to rise, which could lead to further price increases in the market. In addition, IP addresses can be used to uniquely identify IoT devices, enabling efficient data collection and analysis.
IP addresses can also play a role in blockchain technology. As blockchain continues to gain popularity, IP addresses can be used to uniquely identify nodes in the network, which can improve the security and efficiency of the blockchain.
Moreover, IP addresses can also be used for digital identity management. As digital identity becomes increasingly important, the unique identifier provided by an IP address can be used to authenticate users and prevent fraud.
Overall, the future of IP addresses in the digital economy is exciting. As the demand for IP addresses continues to rise, the market for IP address management rights is likely to grow. The transformation of IP addresses into a full-fledged digital asset will open up new investment opportunities and create new avenues for innovation in the digital economy. The InterLIR platform is one example of how this transformation is already taking place, and it is likely that more platforms and initiatives will emerge in the coming years as the potential of IP addresses as a digital asset becomes more widely recognized