TLDR
Digital piracy, fraudulent copies, infringed studio intellectual property (IP), and duplication of digital items cost the US film and TV industry an estimated $71 billion annually. Blockchains can redefine the IP ownership through encrypted tracking and time stamping of royalties. Digital rights management companies can access the full record of transactions made, and use the records log to prove ownership in court.Blockchain offers a path to resolve the problem of fair revenue distribution for digital marketplaces, distributors and streaming platforms alike.via the TL;DR App
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Written by olya-green | I write about Blockchain and Web 3.0
