Yesterday, Variety
reported that a new working group for blockchain in the film industry is to be established. The revealed participants are blockchain for entertainment firms Badel Media and The Lumiere Project, along with China’s biggest law firm, Yingke Law.
Representatives from each company will talk at an American Film Market
panel later today. They will discuss how blockchain can be used for rights management, film financing, production, and distribution. According to Variety, they will additionally establish the working group.
Badel Media founder Manuel Badel said: “To better understand the applications and potential impact of blockchain approaches, we need structures involving industry stakeholders. It would be a sort of sandbox without borders where collaboration in experimentation, sharing of expertise, but also access to financing and markets will be among the main benefits.”
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