Linius Technologies Limited (ASX: LNU) will showcase the world’s first virtual video blockchain in a live webinar, Wednesday 20th March at 2pm Australian Eastern Daylight Time (AEDT).
The company has successfully validated its blockchain prototype where virtual video can be embedded in a blockchain, and smart contracts used to control the transactions associated with video files.
“With virtual video embedded within each block of the blockchain, smart contracts can be used to control the transactions associated with video files,” said Linius CEO, Chris Richardson. “For the first time, content owners – such as movie studios – can have complete control and visibility over video distribution and ensuing revenue flows.”
The video virtualisation company has also connected the blockchain to a video player, making the prototype easily demonstrable.
Research from the World Economic Forum suggests that distributed ledger technology like blockchain could boost global trade by more than $US1 trillion over the next decade.
“With figures like that, it’s easy to see why major cloud providers and Linius partners such as IBM, Microsoft and Amazon, are devoting significant funds to the development of blockchain technology,” said Richardson. “From IBM Hyperledger, to Azure Blockchain Workbench, and Amazon Managed Blockchain.
“Linius Video Blockchain has the potential to address myriad challenges regarding video distribution, protection and monetisation – throughout the global media and entertainment industry, and beyond.”
The webinar will:
- Demonstrate virtual video playing on a blockchain-aware player
- Outline the steps taken to make video blockchain possible for the first time
- Explain the benefits and use cases including anti-piracy, auditability, hyper ledger
- payment methods, and new revenue generation
- Discuss high level next steps
Register for the webinar HERE: https://bit.ly/2SLUbpi