The blockchain is usually associated with cryptocurrencies. They ensured that the dealings were transparent and secure; a vital necessity for financial dealings. But blockchain technology is slowly and steadily being introduced in many other fields where there is financial dealing. Take, for example, the media and the entertainment industry. Here, the blockchain ensures that the original content creator gets his due. So with blockchain, there is no more distributorship tussle or the royalty issue. Be it the piracy or the funding, blockchain has the potential to be a game changer in the media and entertainment industry. He will be in control of his content and be able to track all the revenue right till it reaches his pocket. It also gives flexibility to the user to be able to purchase and view what they require. Micropayments or revenue sharing- blockchain will ensure that there is transparency in the dealing. Continue Reading...
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