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Streaming just got weird. Can blockchain fix it?

Written by @olya-green | Published on 2020/6/8

TL;DR
Digital piracy, fraudulent copies, infringed studio intellectual property (IP), and duplication of digital items cost the US film and TV industry an estimated $71 billion annually. Blockchains can redefine the IP ownership through encrypted tracking and time stamping of royalties. Digital rights management companies can access the full record of transactions made, and use the records log to prove ownership in court.Blockchain offers a path to resolve the problem of fair revenue distribution for digital marketplaces, distributors and streaming platforms alike.

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Written by
@olya-green
I write about Blockchain and Web 3.0

Topics and
tags
blockchain|netflix|decentralized|complexity-of-media-ownership|can-blockchain-defeat-piracy|self-executing-contracts|latest-tech-stories|blockchain-vs-legacy-streaming
This story on HackerNoon has a decentralized backup on Sia.
Transaction ID: C6YGfRaWY7fN1rjaxuB0Ui11D5u5fUP9TDGz25RiR5s