Blockchain Startup Aims at Decentralizing the Filmmaking Industry

Sep 19, 2017 at 11:59 // News

Blockchain is becoming an essential tool in the development and decentralization of the film industry. This technology offers both film creators and the viewers the opportunity to maximize their resources by reducing production and accessibility costs respectively.

From filmmakers to consumers 

Texas based blockchain company,
StreamSpace is creating a video marketplace that will incorporate cutting edge technologies like decentralized storage systems and blockchains to enable filmmakers set a price for their works and get paid immediately by consumers. 

In essence, filmmakers are offered the opportunity to control their projects and achieve adequate compensation for their works since the system eliminates the need for middlemen in the form of major studios that have hitherto controlled a…

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