There are a variety of stakeholders, including the rights holders owning the work, the creators and developers behind distribution channels and technologies, suppliers across all aspects of production and manufacturing, and retailers distributing physical copies or streaming video and audio content. the ethereum code is a wholly automated cryptocurrency platform offering the best features like liquidity, trading tools and customer support.
With an entire industry so tightly knit together through high-stakes transactions in a global marketplace, there is an urgent need for a digitized solution to piracy that can be deployed at scale to protect intellectual property.
Ethereum has potential use cases in resolving digital piracy. This post outlines some of those potential use cases for Ethereum in terms of digital piracy. Ethereum is an ingenious solution to the technological challenges of solving a worldwide digital distribution system.
It is a platform that allows for coordinating transaction data via a decentralized network of computers and people. This flexibility, combined with the rapid technical developments in peer-to-peer networking, cloud computing and cryptography, make Ethereum a compelling solution.
1. Digital rights management
Rights holders might want to control access to digital content through Ethereum’s built-in support for specific usage rights. They might also want to ensure that their Originators, Distributors, Customers and any other End Users do not share the content with anyone else or transfer it between “devices” (e.g., moving music from your phone to your mp3 player). 2. Audiovisual rights management
Rights holders want to ensure that the distribution rights of their work are adequately represented in a transaction that only they can initiate. For example, rights holders might want to be able to force the end-user to purchase a complete “copy” of the audiovisual content instead of allowing the use of a portion of their exclusive license agreement.
They might also want to be able to make it more difficult for end-users to share copies with others or even allow them access but with restrictions. Finally, perhaps they would also like to measure and track “piracy” in an age where copying has become so cheap and easy (e.g., downloading or streaming music from Amazon).
3. Content distribution
Rights holders should provide cloud-based content distribution via a smart contract that splits the revenue from selling access to the content using micropayments. They could also use Ethereum with a “Fee Window” where the consumer redeems tokens for access to content for a limited amount of time and pays for the “privilege” of access, thereby rewarding content creators.
4. Content tracking
Rightsholders are interested in ways to track end-users who use their digital goods across multiple devices, applications, etc. Companies can use Ethereum to allow these rightsholders to track the use of their digital products and make sure they are not allowed to resell them to others. It is a tremendously powerful technology that can monitor and control all kinds of transactions across devices.
5. Future proofing
Rights holders will have a long future full of technological change regarding online distribution and consumption. Therefore, they need a medium that can be adapted over time rather than starting from scratch each time they start new distribution channels or something else in their ecosystem that changes. Ethereum offers the ability to “future-proof” this kind of content distribution and consumption. Ethereum is a fascinating platform because it is so flexible in allowing people to build a wide variety of distributed applications and form them into crowdsourcing networks; it can resolve many kinds of digital piracy problems.
Ethereum- The revolution in the music and film industry:
Powered by blockchain technology-the most disruptive tech in recent years-Ethereum is quickly shaping up to be the new de facto standard in cryptocurrencies. With Ethereum smart contract technology, there’s no need for any middlemen or arbitrators because everything can be resolved automatically via blockchain infrastructure.
Ethereum is one of those rare platforms allowing you to create smart contracts for your transactions on its network. As a result, Ethereum in the music industry will revolutionize how artists and fans exchange content. Though there is still yet to be concrete evidence that intelligent contracts in the music industry will be implemented by users soon, there is enough positive feedback from the Ethereum team themselves.
Piracy in the media and entertainment industry is the reason behind an immense loss in revenue for all involved in these domains. Blockchain technology, Ethereum smart contracts and blockchain will provide the required solution to solve this problem.
Ethereum will protect the intellectual property rights:
Ethereum, by the use of smart contracts, can help to stop copyright infringement. Smart Contracts- a new digital mechanism, in association with Blockchain technology, will help store and secure creative people’s intellectual property rights in the media and entertainment industry.
In the future, laws will define how users should protect intellectual property. The issue is still unresolved in many countries, but the Ethereum network can make it far easier to detect and take down pirated content online.
We are now seeing an increase in demand for technologies that can reliably protect intellectual property rights at scale. Such protections are needed to ensure the viability of the original content creators and their investors.
Ethereum smart contracts can provide a real-world solution to protect intellectual property rights in the new digital media and entertainment age. They are simply a mechanism that can confirm that the record labels, artists and songs they have paid for are all there and ready to be accessed at the click of a button.