Blockchain-Based Rights Trading Platform Cinemarket Launches at Cannes
Berlin-based Cinemarket is to use blockchain technology to create a secure and transparent online platform for rights transactions.
Unlike other ventures with mass market ambitions, Cinemarket pitches itself as a tightly curated venue. It aims to put an emphasis on work by emerging directors, adding completed films on a monthly basis.
Buyers can scout for available rights, watch films, submit offers, negotiate contracts and make minimum guarantee and royalty payments through the platform.
The use of blockchain’s Ethereum technology enables decentralized and safe storage of contracts, licenses and transactions, safe from falsification or alteration.
“We want to make it easier for film professionals to make deals online in a secure manner that does not rely on trust, but rather on the elegant verification process of the blockchain,” said Jordan Mattos, co-founder and director of content. “It is a potentially democratizing tool for young filmmakers and industry players of tomorrow...
Unlike other ventures with mass market ambitions, Cinemarket pitches itself as a tightly curated venue. It aims to put an emphasis on work by emerging directors, adding completed films on a monthly basis.
Buyers can scout for available rights, watch films, submit offers, negotiate contracts and make minimum guarantee and royalty payments through the platform.
The use of blockchain’s Ethereum technology enables decentralized and safe storage of contracts, licenses and transactions, safe from falsification or alteration.
“We want to make it easier for film professionals to make deals online in a secure manner that does not rely on trust, but rather on the elegant verification process of the blockchain,” said Jordan Mattos, co-founder and director of content. “It is a potentially democratizing tool for young filmmakers and industry players of tomorrow...
- 5/9/2018
- by Patrick Frater
- Variety Film + TV
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