By Investopedia October 5, 2017
The ever-increasing popularity of blockchain began with cryptocurrencies like bitcoin, but has since surpassed the worlds of finance and banking. With a slew of new businesses and applications built on the technology, these industries now represent the first wave of a mass decentralization that will soon impact the whole world. Blockchain helps distribute the cost of running a platform to its various participants, but rewards them for it in equal measure.
This decentralized model is already relevant for blockchain-based solutions such as cloud storage, payment processing, and cybersecurity. Soon, however, the technology will play a key role in the content distribution arena.
To many, this is a better deal than the old ways, which saw control and profits stay in the hands of content hosting companies rather than the content creators themselves. Blockchain can significantly disrupt this imbalanced status quo, and seeks to put the power back in the hands those who create and consume content.
More at: How Blockchain is Revolutionizing Content Distribution – Investopedia
Blockchain is quickly becoming a buzzword in daily conversation, largely due to the popularity of cryptocurrencies like bitcoin, but also because of the innovations being built with the technology. As entrepreneurs and developers move to adopt blockchain, its potential to disrupt businesses far and wide becomes increasingly obvious. Blockchain technology uses the power of an encrypted, organized network of computers to run all kinds of processes. Industries like data storage, banking, cybersecurity, supply chain management and crowdfunding are some of the first to be affected, but these may just be the first dominoes to wobble.
Is blockchain a threat to Netflix and other streaming competitors like Hulu? The answer first requires a look at Netflix, and then how blockchain might interrupt the company’s wildly successful model. (See also: Is a Netflix Debt Bubble Coming?)
More at: Does Blockchain Technology Pose a Threat to Netflix? – Investopedia
Custos Media Technologies, a South African company that provides a globally effective solution to piracy by outsourcing the detection of pirated content using Bitcoin and its blockchain, announced on Wednesday 13 September 2017 that the company will be participating in a new blockchain-based anti-piracy solution for ebooks, following the recent news that content protection giant Digimarc and ebook publisher Erudition are joining forces.
This new collaboration debuts the combination of Digimarc Barcode for digital documents and Custos’ infringement detection technology. This provides a more effective, reader-friendly way to combat ebook piracy.
Erudition and Custos have worked closely together over the past year. The Stellenbosch-based media protection company provides technology that adds Bitcoin deposits to ebooks. These digital bounties enable Custos to rapidly detect piracy after the first copy of a file is shared.
More at: South African company to tackle ebook piracy with blockchain technology – IT News Africa
Kim Dotcom may be spending much of his time fighting extradition from New Zealand to the U.S., where he faces copyright infringement and money laundering charges, but he’s also busy working on the successor to Megaupload, the online storage service that got him into this trouble.
As Fortune reported on Monday, Dotcom is looking for popular YouTube stars to test his new micropayments system, Bitcache. Now he’s giving Fortune a sneak preview of K.im, a new online storage service that lets creators upload their files and make money every time people download them.
The idea behind K.im is to let people upload their songs, movies, or documents once and then propagate them across a plethora of other platforms: cloud storage services such as Dropbox and iCloud, peer-to-peer networks such as Kickass Torrents, and social media services such as WeChat and Weibo. When a creator uploads a file, they also get the code for a widget that they can embed on their own websites, inviting people to buy the file. Essentially, wherever the file goes, it takes with it the functionality to demand payment for using it.
“We have our own file type,” Dotcom explains. “So to open [it] you will need one of our apps or third party apps that will use our [application programming interface]. That way we ensure that no matter where your file is hosted, the content owner gets paid.”
More at: Kim Dotcom’s Bitcoin Payments Platform Bitcache: Hands-On -Fortune.com