An IT division of South Korea's largest conglomerate, CJ Corp, makes use of Amazon's blockchain know-how to enhance music copyright administration.
CJ Corp implements Amazon Managed Blockchain
CJ OliveNetworks, a know-how daughter of CJ, has reportedly applied Amazon Managed Blockchain in its new digital copyright system for recording and monitoring music in broadcast content material, native information company Yonhap reported on September 19.
Particularly, the corporate has reportedly applied the Elemental MediaConvert file-based video transcoding service from Amazon Internet Companies (AWS) to acknowledge and extract music content material from broadcast information.
Share and save information securely
In response to the report, the brand new blockchain-compatible digital copyright platform plans to deliver a better stage of transparency in music copyright administration by offering safe sharing and storage instruments and unadaptable strategies for mutual authentication on the community.
The corporate says the introduction of the system may have an a variety of benefits for all stakeholders, together with broadcasters and copyright organizations.
In the meantime, the potential of Blockchain within the music trade has been reported to this point. On September 12, international media large Warner Music Group revealed that it’ll make digital belongings with the assistance of a brand new public blockchain, supported by CryptoKitties maker Dapper Labs.
Beforehand blockchain and Bitcoin (BTC) mining producer Bitfury launched its Bitfury Encompass firm to make the music trade open supply to assist artists set up a fairer income mannequin for corporations.
On September 11, AWS announced the launch of its Amazon quantum ledger database, which describes it as a brand new kind of database with a clear, unchangeable and cryptographically verifiable transaction log owned by a centrally trusted authority.