24
Jan
What applications are there for blockchain in the media and entertainment industry? Many entertainment and media companies are trying to ride the blockchain wave in order to raise more funds. Simply put, the blockchain technology enables a decentralized digital marketplace and ensures transparent transactions. In the entertainment and media context, blockchain will help with disintermediation, distribution, and royalties. For instance, live streaming hosts will be able to connect with fans without any intermediaries. The gaming industry has been the first in entertainment and media to integrate blockchain technology, with Ethereum-based game “CryptoKitties” being one of the most popular games. Despite…