Founder of Ethereum: Blockchain will be for the benefit of artists and journalists

Founder of Ethereum: Blockchain will be for the benefit of artists and journalists
Abstract

Joseph Lubin, one of the developers and developers of Ethereum, as well as the founder of ConsenSys, acknowledged that Blockchain technology and decentralization could be beneficial for content engineers and journalists. During a video released on March 12, Lubin spoke about the benefits of various industries to Blockchain technology. In this video, Loubin stated that artists would benefit significantly from Blockchain because it allows them to publish policies and regulations related to the use and sharing of published content, which is derivative works, online play, public performances, and so on. , Save. From the point of view of the lobin, this technology also allows the removal of intermediaries. He added:

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Joseph Lubin, one of the developers and developers of Ethereum, as well as the founder of ConsenSys, acknowledged that Blockchain technology and decentralization could be beneficial for content engineers and journalists.

During a video released on March 12, Lubin spoke about the benefits of various industries to Blockchain technology. In this video, Loubin stated that artists would benefit significantly from Blockchain because it allows them to publish policies and regulations related to the use and sharing of published content, which is derivative works, online play, public performances, and so on. , Save.

From the point of view of the lobin, this technology also allows the removal of intermediaries. He added:

I think that music industry artists, on average, are about 11 or 12 percent, and large recording companies, 70 percent or more, have the value of this technology in the industry. We can replace these companies with smart contracts on the Ethereum platform.

Lobin continued, saying that there will still be intermediaries, such as promoters, but they can not reach a position that they can order and earn only because of their intermediary role.

In connection with journalism, Loebin said Blockchain platforms such as Civil could help the industry-injured journalists to deliver direct content to consumers and restore ethics to the industry.

If they somehow violate this commitment, their readers and listeners will be able to give them a role, ask questions about their own contribution, and take them out of the platform.

Earlier this month, Sevill officially announced the launch of the platform in spite of its low returns to ICO's last year's launch. The platform, which aims to provide an alternative business model for the journalism industry, is now allowing its partners to buy Seville's membership, including the purchase of CVL tokens indicating the strength of members' voting within the ecosystem.


Source: cointelegraph

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