machine at home or added to your collection in cloud storage?
Digital assets – or your digital estate – as opposed to physical assets or physical estate are totally dependent on passwords, digital contracts, digital receipts, images and other vital data.
Our libraries can’t be packed up into boxes and handed down the family tree any more.
With the tightly controlled model of Digital Rights Managed ( DRM) files which often indicate that even copying an mp3 track you have purchased for your own library is illegal, our rights are only specified in the fine print.
Today, media companies are increasingly tending towards the perspective that you can purchase the right to use what you buy, but the data remains the property of the product service provider such as like Google, Apple or Amazon for example.
When you buy a song, album, ebook or film from itunes or Amazon, it is important to know what you’re really paying for – whether you are purchasing a product or simply renting a licence.
It is easy enough to pass on a piece of hardware such as a computer, ipod or Kindle, which will already have files downloaded on to it.
But if the device needs updating by logging in to an account, the new owner may face losing everything.
Passing on your passwords to your survivors may resolve this problem, except that passing on your passwords is also a breach of the terms of contract.