‘There Will Be Lawyers’

Virtual Reality as the next growth industry for litigation? Might be:

One of the most interesting apps that someone produced was a virtual tee-shirt shop.

“He put it in the 20 most expensive shopping streets in the world, selling t-shirts.”

Stop and think about that for a minute. He built a virtual shop where a real one already existed. His shop was accessible via a mobile phone, the real one was accessible through, well, being real. That means that real space and virtual space can be owned by different people.

It actually starts to alter the most fundamental aspect of an economy, property ownership. While only one person can own the real space, anyone can own the virtual space.

“We are democratizing space,” says Mr. Van der Klein with no exaggeration. “Space needs to be opened up to allow people to contribute to it.”

If you are a store owner on say, the Ku’Dam or the Avenue des Champs-Élysées, how well do you think that is going to go down? But just because you own the physical space of your building, do you own the virtual space as well?

There will be lawyers.

Tech Europe – WSJ, Augmented Reality Start-Up Ready to Disrupt Business, via slashdot.

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One Response to ‘There Will Be Lawyers’

  1. Just me says:

    Reminds me of Second Life. I think Judge Posner gave a talk – via Second Life – on this very topic like 5 years ago.

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