Copy link
Increase text size
Decrease text size
Link copied

Film and tech executives to launch blockchain working group at American Film Market

Tue, 12 Nov 2019, 07:49 am UTC

Blockchain, the technology that underpins digital currencies such as bitcoin, is being actively explored and implemented in multiple industries including finance, supply chain, real estate, international trade and more.

Creative industries such as music, art, and cinema have also been looking into the potential of this technology to enhance their processes.

Variety on Monday reported that a group of executives from the film and tech industry is planning to set up a working group to explore and plan the ways in which blockchain technology could be implemented in creative industries.

As per the report, an announcement is expected to be made by Manuel Badel from Badel Media and Patrice Poujol from The Lumiere Project at the ongoing American Film Market on Tuesday, November 12. Also in attendance will be New York-based lawyer Jesse Weiner co-managing partner of Yingke Law.

Together, they would be announcing a “common initiative” that will focus on creating “a global roadmap and an internationally connected ecosystem for the development of blockchain and smart contract technologies in the creative industries.”

Badel underscored the need for structures involving industry stakeholders in order to better understand blockchain applications and their potential impact.

“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,” he said.

The initial partners in this “digital bridge project” are from Canada and Hong Kong with plans to onboard other institutions from the U.S., Latin America, Africa, Europe, Russia, and other parts of Asia. They will conduct research and come up with practical solutions and an annually reviewed roadmap for the use of blockchain and smart contract technologies in creative industries.

In addition, independent laboratory initiatives will focus on researching the convergence of blockchain with artificial intelligence (AI) and extended reality (XR) (augmented reality (AR)/ virtual reality (VR)/ mixed reality (MR)), as well as the tech’s growing integration into film, the music industry, publishing, video-games, and digital arts.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,231.73 (-0.49%)
  • Ethereum (ETH) $239.13 (-0.70%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $231.68 (-2.08%)
  • Bitcoin SV (BSV) $181.54 (-2.21%)
  • Bitcoin (BTC) $9,231.73 (-0.49%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.