The Good: Blockchain Joins the Fray
When Hollywood filmmaker Jeremy Culver releases his next movie – the romantic indie comedy “No Postage Necessary” – in June, he will take title to having the first feature distributed with the help of blockchain technology.
As Culver put it in a press release announcing his movie, “There are many advantages to blockchain distribution, including immutable proof of intellectual property rights, transparent royalty payments and, since all data on the blockchain is resistant to duplication, we can now envision a world where films are no longer pirated.”
Blockchain, for the uninitiated, is a trusted, open-ledger distribution process. Once transactions are recorded they become easily verifiable and permanent. No single party controls the information. No intermediaries are needed. Communications happen via peers maintained by a network of computers instead of a central node.
As Hollywood warms to the technology’s potential to develop a new, secure and decentralized distribution path,...
When Hollywood filmmaker Jeremy Culver releases his next movie – the romantic indie comedy “No Postage Necessary” – in June, he will take title to having the first feature distributed with the help of blockchain technology.
As Culver put it in a press release announcing his movie, “There are many advantages to blockchain distribution, including immutable proof of intellectual property rights, transparent royalty payments and, since all data on the blockchain is resistant to duplication, we can now envision a world where films are no longer pirated.”
Blockchain, for the uninitiated, is a trusted, open-ledger distribution process. Once transactions are recorded they become easily verifiable and permanent. No single party controls the information. No intermediaries are needed. Communications happen via peers maintained by a network of computers instead of a central node.
As Hollywood warms to the technology’s potential to develop a new, secure and decentralized distribution path,...
- 4/24/2018
- by Mitch Singer
- Variety Film + TV
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