Japan to develop a blockchain-based content service platform

We previously reported that the Japanese government initiated a blockchain project for content management. Finally, the government has set up a budget to develop a blockchain-based content service platform. This platform allows for monetization of derivative works. It records the relationship between contributors of an original content and its derivative works. Also, it enables to distribute income from the contents to the contributors. A smart contract will help to manage the permission of creating derivative works and the income sharing. The government expects this platform to create a new content market.  Conceptual scheme of the service platform The attached chart shows the conceptual scheme of the service platform disclosed by the government. Two […]