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<h3>**They say Bitcoin is the most secure network there is, and this may be true and part of the reason why it has it's high valuation. However, there are _more_ things one can do with the Bitcoin blockchain other than payments. For example: you can store information on it. Po.et does exactly that, and is a project aimed at creating a copyright registration system to store data-ownership information on the Bitcoin blockchain.**</h3>

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It's quite a brilliant plan! If Bitcoin is _the_ most secure and immutable thing, why not store information on it that requires those properties? I've heard the suggestion of storing copyright information on the blockchain before and always thought this was brilliant: instead of costly and complex procedures, you could simply take all the steps yourself and secure content ownership on a publicly accessible ledger. It will provide all the proof one needs, and also allow for publishers to find the owners of content. It seemed to me like a winning formula, and luckily Po.et is here to do it. 

When I saw this video, I was immediately sold on Po.et:

<iframe src="https://player.vimeo.com/video/227814769" width="640" height="360" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>
<p><a href="https://vimeo.com/227814769">Po.et: Proof of Existence 2.0</a> from <a href="https://vimeo.com/poetproject">Po.et</a> on <a href="https://vimeo.com">Vimeo</a>.</p>

I immediately impulse-bought my first batch after I finished watching that _(and just in time too, because it jumped 20% right after!)_. 

Po.et aims to make it as easy as possible to register your copyright claim and issue licenses: either make your own from scratch or choose from some pre-defined licenses. Po.et will also connect both publishers and content creators to find eachother, and create a network of content creators and publishers to seamlessly interact and remove friction from the publishing process. Usage of Po.et also ensures authorized use and proper attribution to avoid any copyright claims.

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<h3> THE TOKEN</h3> The Po.et token goes by the ticker POE and it is an ERC20 token. It's use is very simple and straightforward: it is the native payment system of the network. You use it, for example, if you want to register a new copyright claim. Additionally, the token will provide a governance for the protocol. There is not much else of interest to tell about the token to be honest! 

It is tradeable on Binance primarily, but also on some other exchanges like HitBTC, Etherdelta and COSS. 

Po.et currently has a market cap of about $200 million, which is not a whole lot in today's crypto market. I see a lot of upside potential in this. How high? Not sure, but I can see this going to 1 billion. It should double at the _very least_, I imagine. 

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<h3> THE TEAM</h3> Unfortunately, I wouldn't call this team a 'superstar team' like some other crypto's have. Don't get me wrong, there are people from Stanford university and serious IT people on the team, but there are few exciting names to flaunt with. I suppose that is why they have created another page where they display their 'Backers'. I suppose these are early investors? Or advisors? This is unclear to me at this point. However, it does boast some interesting people: lots of people who seem to have some affiliation with big names like Fenbushi Capital, Ethereum, Jaxx, VICE, Yahoo, Myspace, Viacom, Vimeo, Fox, BBC, Samsung. What exactly this affiliation is it doesn't say. It could be a current working relation, or simply a list of previous employers of note. I would suggest to take this list with a grain of salt and consider it a marketing technique.

On the other hand, the roadmap does state that Bitcoin Magazine, The Merkle and Coinspeaker among other publishers are currently already using the platform on the testnet. While it's no BBC or Fox, it still does show that serious enterprises are interested in this technology.


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The Po.et blockchain currently has a working alpha on the testnet and [the roadmap](https://po.et/roadmap) indicates that 2018 will be the year that Po.et starts to come into it's own, with the project reaching it's final stage in the first half of 2020. 

Like I said, I was immediately sold on the concept. I think patents and copyrights on the blockchain is a brilliant idea, and it's made _even better_ by not storing it on _any_ blockchain but _the_ most secure one there is: Bitcoin. Of course, this links it to the success or failure of Bitcoin itself, so keep that in mind. This is one of those projects that are a little more unknown and therefore more risky, so I did not invest a whole lot in this. I did buy some here and there during the dips, and plan to accumulate all the way down if it goes further, or sell if it goes higher. If it goes down, that's okay because I can't see this going down by _much_ and it will allow me to get more. I am pretty sure that eventually this will be up more, so I see this as a win-win. 


<h2> [To visit the Po.et site click here](https://po.et/)</h2>

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<center>[![footercartoon new5.png](https://steemitimages.com/DQmRMndUYFqxoxwcTkTR4JAADzH6o43QhSS1WM17wP8uD1C/footercartoon%20new5.png)](https://steemit.com/@pandorasbox)</center>_(Art by [Roy Lichtenstein](https://en.wikipedia.org/wiki/Roy_Lichtenstein))_