Blockchain set to disrupt the entertainment industry
Blockchain technology appears set to disrupt the practically monopolized entertainment industry. Through it, independent filmmakers are able to distribute their products to viewers without necessarily passing through major studios that have hitherto served as inevitable intermediaries.
Blockchain empowers the real owners
One of the major attributes of a blockchain that is cherished by the most of its advocates is the systematic elimination of intermediaries, which enables content creators to achieve closer interaction with their primary targets and vice versa. This development fosters a more direct relationship that eliminates eventual overheads, thereby opening up opportunities for improved revenue and accessibility.The immutable nature of data processed on the blockchain is another fundamental feature that appears extremely useful for stakeholders within the entertainment industry. This is in large part due to the fact that piracy has been a serious setback especially for the emerging markets in the industry such as the Bollywood of India and the Nollywood of Nigeria. The inalterability of data hosted on the blockchain will enable brand protection and retention by the original creators of products.
A platform for change
To achieve the above mentioned benefits blockchain solutions company, claims to be developing a platform where stakeholders within the industry can find expression while maximizing the potentials of the industry.
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