Blockchain Enables Additional Revenue Streams by Leveraging C2C Sales

Blockchain can drive in newer transformations, enabling the media and entertainment industry to generate higher revenue and rethink profitability.

FERMONT, CA: Blockchain is in its earlier phases of growth, getting the limelight. The potential of blockchain is known for its single and immutable version of the information. This will be helpful in fields where there is a great need for efficiency and effectiveness. The technology also enforces a transparent company atmosphere that allows companies to concentrate on adding value instead of using time, effort, and money to verify facts and settlements of transactions. Here are some regions where waves of blockchain could attract clients and generate revenue.

Content Creation and Funding

The technology could also be used in the heavy creative content manufacturing employment. Multiple parties are involved in these areas, from investors to performers, manufacturers, managers, and crews. Burdensome is the task of ensuring that all of these sides receive their share of future income from consumption to licensing. Today, through crowdfunding, artists, supporters, and creative content, manufacturers can assist projects.

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Digital Advertising

Blockchain has been jumping into digital advertising and offering concrete alternatives to resolve issues.

Solving Piracy

Although blockchain cannot fix the piracy crisis completely, it can mitigate it. When the platform provides the content, streaming can be monitored safely. Its cryptographic consensus mechanism for validating new transactions makes it a challenge to create platforms that are quick and robust enough to produce content while recording the enormous amount of microtransactions in consumption.

In this digitalization age, providing clients with an encrypted and safe ledger platform such as blockchain has become a requirement to guarantee their confidentiality. And, this technology is not only a new digital currency system but also a revolution in many sectors such as media, where significant faults in the management scheme such as piracy can result in substantial losses. Blockchain certainly has the potential to bring about a substantial transformation in the economy as a whole.