Blockchain revolutionizing the Movie Industry
Lights, Camera, Action….Umm, no…Blockchain!
HashCash is planning a revolutionary shift in the movie industry by building a blockchain based platform where latest movies and TV series are accessible to all “LEGALLY”. Yes, folks… HashCash is taking a step towards eliminating piracy with the help of blockchain technology.
HashCash, a Silicon Valley blockchain technology company, is planning to build an entertainment platform which will collaborate with eminent production houses and renowned celebrities and directors of the movie industry. Blockchain has already become an important part of the filmmaking and distribution process. Production houses from across the world are gradually incorporating blockchain in the various stages of production, distribution, and marketing of movies.
“Blockchain is going to revolutionize the movie industry. The whole experience of offering movie buffs across the world a brand new way to experience films through the blockchain based entertainment platform is thrilling. We, at HashCash, are aiming to offer movies to global viewers. Thus, taking a legal approach to sharing and consuming the digital content and eradicating movie piracy from its very roots.” says Raj Chowdhury, MD at HashCash Consultants.
Blockchain is being used in the movie industry in more ways than one. The data stored in this decentralized encrypted ledger is almost impossible to tamper with, making this network one of the most secured systems globally for the transfer of digital assets of any kind. Blockchain facilitates protection of the IP address and managing of the digital rights of the content. It supervises the creation and implementation of the smart contracts along with content distribution and collaboration with the various filmmaking departments.
Ishan Roy, Head of Products at HashCash says, ” Blockchain is here to stay in the entertainment industry. It offers the world an immutable record of intellectual property rights along with transparent and secured royalty payments – all of which directs us towards a future which promises freedom from movie piracy .”
HashCash aims to facilitate increased accountability and traceability in this industry which helps in offering the creators their much-deserved remuneration and recognition. It offers to manage the digital rights through smart contracts, trying to make this industry a decentralized system where every member of this industry works in a transparent way so that efficient management takes place in the organizational structure of the entertainment world.