Blockchain for Digital Rights Management in the Entertainment Industry

Blockchain is an emerging and effective technology, which alters numerous industries, and the entertainment industry is not an exception. Entertainment industry encompasses music, films, videos, books, games and others. The major issue in this industry is the need to defend the rights of creators.

This is referred to as Digital Rights Management (DRM). DRM refers to the ability to control the users of a song, movie or a book and the mode of use. Now Blockchain is assisting in improving facts of digital rights management and making it safer and more fair.

Digital rights management is noteworthy since the creators strive extremely hard to come up with content. The musicians, actors, writers, and filmmakers should be paid. However, in the digital age, duplication and sharing of content without any permission is very easy. Piracy is a big problem.

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Several individuals download music, films and books at no cost and their creators are not compensated. I have witnessed how convenient it is that one can share the files over the internet and I can understand why artists are angry. Blockchain can be used in this place.

Blockchain represents a mechanism that manages to store information in a secure and open manner. It is more like an electronic record book which can never be easily altered or erased. Information can be added to the blockchain once and it remains indefinitely. This causes blockchain to be highly reliable. In the digital rights management, blockchain has the opportunity of storing details of who owns a song, movie or artwork. It will also be able to be stored on who is permitted to utilize it at what circumstances.

This assists in safeguarding ownership and cheating. Transparency is one of the major benefits of blockchain in DRM. Anyone is able to know the author of a work. As an example, when a musician decides to upload a song to the blockchain, his system tracks that the song is owned by this musician. Nobody can make it his/her own.

This minimizes conflicts and wrangles. It also simplifies the issue of who to pay by the companies. I prefer this concept since it provides good honesty and clarity to the system.

The second benefit is automatic payment. Smart contracts can be used by creators with blockchain. A smart contract is a program that is automatically triggered when some conditions are fulfilled. As an illustration, a person can stream a song and the smart contract will automatically send money to the artist. Delay and intermediary are nonexistent. This comes in pretty handy since most artists have lamented that they are not paid in time or are underpaid. The solution to this issue is blockchain that can pay them real-time and without injustices.

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Piracy is also combated with the help of blockchain. Because any copy of a movie or song can be traced on the blockchain, locating the illegal copies becomes easier. In case a person is dropping content without authorisation, one can track it down. This motivates individuals not to steal the creative works. When I consider the amount of work it has to take to come up with a movie or a song, I believe it is only just that the creators be safeguarded.

Blockchain can be adopted to handle movie rights in the film industry. A film can be sold in a variety of nations, mediums, and formats. It is very hard to monitor all these rights. All of this information can be stored in blockchain. This facilitates easy knowledge of who possesses what, and who is entitled to exhibit the movie. It helps to save time and minimize errors.

Blockchain in the music industry can be used to enable musicians to get in touch with their fans. Artists do not have to go through big companies by selling their music directly to listeners via blockchain platforms. It provides artists with a greater level of control and more revenue. I believe that it is an excellent chance offered to the upcoming musicians with no big record deals.

They are able to present their talent to the world and earn decent wages.
Blockchain can as well be beneficial to writers and authors. Blockchain can be used to protect books, articles, and poems. Every piece of work can be entered on the blockchain bearing the author name. This facilitates easy proving of ownership. In case a person steals the work, the author can provide the evidence using the blockchain. This provides the writers with confidence and inspiration to produce more.

Nevertheless, blockchain is not ideal. It is not old yet and not understood by all people. There are systems which are costly to operate and those which are slow. The problem of internet access also exists. Technology is not available to everybody. To be effective in the entertainment industry, these issues should be resolved in blockchain.

Despite these obstacles, blockchain in digital rights management is extremely promising in the future. It is becoming increasingly used by more companies. Increasing numbers of artists are getting to know about it. With greater technology, blockchain will be faster, cheaper, and easier to utilize. I think that blockchain will become a natural occurrence in entertainment in the future.

To sum up, blockchain can be an effective instrument of digital rights protection in the entertainment sector. It assists in safeguarding the creators, avoiding piracy, fair payment, and transparency. It provides artists with better control over their work and their earnings. Despite the existing challenges, the pros are quite high. I personally believe that blockchain will contribute to the creation of a more equal and respectful environment of creators and their creations.