How is blockchain being used to change the future of cinema?

Hollywood has embraced video-on-demand services like Netflix, and is allowing users to rent movies on YouTube. There are areas where the film industry can feel stuck in the past, we look at the future of cinema.

 
This has led to a slew of blockchain companies looking to help change everything from funding movies to hiring movie crews to controlling online piracy.
 
Raise money for movies with MovieCoin
Investing in the film industry has traditionally been done by high-profile investors with large bank balances. But what happens if you allow those outside the industry the opportunity to invest in their favorite films?
 
This is the premise behind MovieCoin, a blockchain-based startup that aims to reform the movie finance business and transform the future of cinema.
 
The platform plans to issue a coin that will help raise capital for investing in movies, TV shows and other entertainment industry assets.
 
Furthermore, the company has created its own digital currency, which allows consumers to buy and rent movies directly from studios without having to pay a portion of the profits to intermediaries such as Netflix.
 
Create an on-demand video on the Blockchain with Cinezen
We all know about Netflix, but the company is built on a centric model. This means that all data about payments and what people have seen is hidden by the company.
 
This gives Netflix and others a lot of power: content creators have to go through it in order to reach the masses. But what can a Blockchain-based Video on Demand (VOD) platform offer instead?
 
Cinezen wants to build a Video On Demand platform with Ethereum that gives distributors access to data on addresses, as well as a simpler way to calculate royalties.
 
The company wants to change the future of cinema by making content creators control their data. In the current system, there is no way to verify equity reports. Instead, they rely on the goodwill of those responsible for the data. This does not include platforms that use content illegally.
 
At Cinezen every movie is treated as a smart asset and every digital sale or rental is stored as a transaction in the blockchain. This gives both sides of the equation the same access to information, which no one controls, and no one can manipulate.
 
White Rabbit allows you to reward the movies and series you stream, on any peer-to-peer platform you choose to stream from
White Rabbit is a browser plug-in that learns what content you're watching, without forcing you to sign up for anyone's site. By separating distribution from payment, White Rabbit offers one payment system, but endless viewing experiences.
 
When they stream their favorite movies or series, smart contracts deduct a payment from users and immediately transfer it to the rights holders. By using blockchain technology, full financial transparency is ensured for rights holders.
 
Facilitate Film Distribution via Blockchain with DECENT
In the current film distribution system, if you are making a movie and want to show it anywhere in the world, you will likely need a distribution company to handle getting your movie into cinemas in different parts of the world.
 
That's why you often watch movies that were released in one country and not in another. This could lead to lost revenue thanks to hacking, and DECENT wants to change that.
 
DECENT allows publishers to distribute their content globally through its decentralized, encrypted, secure and auditable platform.
 
Blockchain is used to allow anyone to securely distribute their content, be it video, music, text, or even articles. In addition, the Swiss company has created a distributed application platform that allows anyone to build their own Dapps on top of DECENT.
 
This is changing the future of cinema and opening the doors for film companies to establish their own distribution systems between each other anywhere in the world.
 
SingularDTV is an Ethereum-based content production and distribution platform that aims to not only create and stream high-quality movie and TV content, but also reshape the entertainment industry into a more fair, efficient and transparent business thanks to blockchain technology and smart contracts.
 
The team has built a platform that allows anyone to create their own decentralized applications, which are similar to Ethereum.
 
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This will allow filmmakers to communicate directly with production professionals in the city in which they are setting up a project as well as take advantage of smart contracts to pay these crews in a fast and transparent manner.
 
This not only allows for better traceability of who has worked on what, but means that more people will be able to compete for work, as well as eliminating middlemen in the future of cinema.
 
Blockchain solutions could help money move more quickly, independent filmmakers get more viewers and industry insiders get a fairer deal in the future of cinema.