Will Blockchain become a game-changer for the film industry?

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Technology is evolving day by day and every field and domain is massively influenced by the new discoveries and their applications. The same goes for the film industry that evolved considerably thanks to the new technology involved in 4K cameras, CGI and even Augmented Reality. It’s time for another future technology to leave its mark on the film industry: blockchain.

What is Blockchain?

A blockchain is basically a digital database of transactions that get duplicated through a peer-to-peer network of several computers. The revolutionary aspect of the blockchain comes from the fact that it is a decentralized system, meaning that no single entity can control or manipulate it. For each operation or transaction that happens on the blockchain, a copy is instantly made and transmitted to the other computers in the network so that everything is transparent. Also, each transaction needs to be validated by the entire network in order for it to be valid and approved, leaving no room for fraudulent activity or anything in that area.

Implications of Blockchain in the Film Industry

The development of a multi-layer system that is powered by blockchain technology and is powered by a cryptocurrency designed for mainstream adaptation makes Binge streaming platform the first such ...


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