A Blockchain entertainment landscape 863
Analysis
Arun Yeldho
Apr 20, 2018 at 10:52 PM

It may appear that in the world where Netflix or Amazon Prime dominate, the issue of piracy would not be as prevalent as it is. In any case, despite the fact that those stages offer substance at very moderate costs, theft holds on. According to reports, almost 60% who download films or other media would have paid for them had they been given that choice. For what reason don't they utilize the choice given to them by administrations like Netflix or Amazon Prime? The content isn't accessible.

The problem

In the case of Amazon Prime, the vast majority of its content is inaccessible outside of the U.S., which shockingly incorporates a huge part of shows made solely for the administration. A great part of the same goes for HBO, anybody outside of United States either needs to depend on neighborhood suppliers who authorized HBO's production. In the case of Netflix, despite the fact that it's accessible around the world, the choice of content offered to its clients drastically varies with nations, and similar shows accessible to a few clients while being absolutely difficult to reach to others. This most likely comes from some licensing agreements, however, in reality, makes a dramatic disproportion.

The blockchain solution

Utilizing blockchain to handle this issue isn't fresh out of the plastic new thought. The innovation is by all accounts an ideal fit for media outlets and the implementation of copyright laws. The unchanging nature and straightforwardness of the distributed ledger, the option of instant payments, and smart contracts could successfully drive illegal distributors bankrupt as it would permit movie makers to connect with their customers directly. Utilizing blockchain innovation could make the very idea of content licensing a thing of the past as it would ensure fair payments to the copyright holders while transparency. Blockchain innovation and the proper token is capable of making any kind of content universally accessible while keeping it completely legitimate. Its foundation could profit the makers of movies, TV shows, and novice content as observed on YouTube, and enable them access free and direct payments for their work. Fans, then again, may appreciate the openness of all that they like without violating any laws.

 

Image via Shutterstock