• Days
  • Hours
  • Mins
  • Secs
  • Sun, 15 Sep 2019, 07:31 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

French Producer Dominique Boutonnat recommends blockchain technology in the film industry

Fri, 17 May 2019, 03:54 am UTC

French director Dominique Boutonnat has submitted a recommendation report to the National Center for Cinematography (CNC), with a heavy emphasis on blockchain technology.

In the report, the film producer said that producers, right holders, and others are constantly disputing on the value chain of filmmaking. As a result, the balance of power is skewed. Thus, he recommended blockchain technology as a solution to this problem, with a goal to make a clear record of the entire value chain.

The Money star made three recommendations in his report, as reported by BeInCrypto.

First, Buotonnat wants to redesign the Cinema and Audiovisual Register (RCA) around blockchain technology. Moving RCA to a new platform allows a quicker processing time and a more modernized system. Blockchain possesses an innovative ability to record and store information.

Second, he recommends a blockchain-based tax collection system. Boutonnat noted that receipts are poorly managed and can distort real viewership numbers. Blockchain technology allows these numbers to be collected in real-time.

Third, he noted that blockchain could be responsible for a seismic shift on how the chain of value in the media industry is perceived. The widely diversified media channels and streaming platform can make revenue collection and distribution complicated. But blockchain technology can make these tasks easier by automating these processes.

However, this is not the first time for blockchain technology and the filmmaking industry to cross paths. Variety reported that movie technology firm Motion wants to connect movie producers and sales agents directly with their audience using an advanced digital distribution method.

Motion is in Cannes to show industry actors how an Ethereum blockchain-enabled system for micro-payments and peer-to-peer movie streaming services can be combined to maximize revenue.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,357.80 (+0.25%)
  • Ethereum (ETH) $188.52 (+4.32%)
  • XRP (XRP) $0.263400 (+3.10%)
  • Bitcoin Cash (BCH) $306.39 (+2.72%)
  • Litecoin (LTC) $70.86 (+2.98%)
  • Bitcoin (BTC) $10,357.80 (+0.25%)
Sep 13, 2019 (Friday)
11:12
Libra Association head confident about crypto launch in H2 2020
10:42
Blockchain industry welcomes Mastercard-R3 collaboration, but skeptical about the future of private networks
09:52
tZERO to bring blockchain to film financing via new partnership
09:11
France mulls blocking Facebook's Libra project on European soil as FINMA chief weighs pros and cons of the cryptocurrency
07:26
Thailand's PTT, Energy Web Foundation to develop blockchain renewable energy marketplace
07:17
Russia’s Alfa-Bank launches liquidity management service on Waves Blockchain
06:40
Zelle co-founder Mike Kennedy replaces Adam Ludwin as CEO of Interstellar
06:34
Crypto Technicals: XMR/USD recovery lacks traction, price action capped below 21-EMA (75.86)
05:56
Crypto Technicals: BTC/USD trades range-bound, no clear directional bias
05:03
PundiX to launch a fully blockchain-powered phone Blok on Blok (BOB)
04:54
Cryptokitties maker Dapper Labs secures $11.2M to develop blockchain Flow, scores deals from Warner Music, Ubisoft
04:48
Crypto exchange Huobi likely to attempt backdoor IPO in Hong Kong
03:49
Binance's NYDFS-approved stablecoin BUSD is now live on Paxos, to be listed on Binance next week
03:33
Deutsche Telekom's T-Labs launches blockchain e-mobility pilot 'Xride'
Sep 12, 2019 (Thursday)
12:24
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:13
Binance Futures to go live on September 13
11:43
Santander issues $20M bond using Ethereum blockchain
08:55
Binance US to open user registration next week
07:38
Marshall Islands to launch a pre-sale for its blockchain-based national cryptocurrency
06:38
United Kingdom leads with most number of registered cryptocurrency exchanges: Study
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft