Cisco is Tackling Software and Hardware Licensing Issues

Software licensing has typically been used to solve issues faced by vendors of computing and network equipment, specifically in controlling and handling the usage of hardware and software in customer environments. However, it becomes difficult to monitor and control the usage of hardware and software as customers exceed the maximum number of allowed users, continue usage after their license has expired, or if customers have compromised the product for legitimate users.

Cisco is looking to solve this with their latest issued. By leveraging blockchain technology, a single or multiple user/device validation approach is handled by uploading user and device information into a blockchain ledger. A specified software license would be verified whenever the device or software boots up or even at periodic intervals, requiring no user interaction.

Cisco has invested heavily in blockchain technologies over the past two years, focusing on researching and developing an Enterprise Blockchain technology. Cisco’s Enterprise Blockchain technology is an open source project, available to all customers, partners, and developers.

Software, Cd, Dvd, Digital, Disc, Program, Pack

Related Posts

Ernst & Young Pulls Ahead of the Big Four in Cryptocurrency Investment

In May of 2021, accounting firm Ernst & Young (E&Y) announced that it is investing $100M into decentralized finance (DeFi) and…


Coinbase IPO Headlines. Its Patents Indicate a Bullish Future.

In Q1 2021, Patent Forecast® reported on Coinbase going public via direct public offering. At the time, market watchers predicted a…


Consensys Raises $65M, Gets Platform and First Patent Asset

Blockchain solutions developer Consensys raised $65M in its recent funding round with investments from big-name financial institutions…