Blockchain Based Media Distribution Platform - Gyeonggi Film School.

Blockchain Based Media Distribution Platform - Gyeonggi Film School.

2020-08-28 | Big Bob

Blockchain Based Media Distribution Platform - Gyeonggi Film School.

The upcoming film festival under the Gyeonggi Film School will be held from 25th Sept to 4th Oct. Earlier, the festival revealed its new collaboration with MovieBloc, a Blockchain-based media distribution platform.

In line with Fn News, the festival’s audience will be able to rate each film in real-time in exchange for several tokens. The attendees will be able to contribute in other ways also, such as by offering foreign-language subtitles for several films, reciprocally for extra token-based rewards.

The online festival, which was developed in response to the coronavirus outbreak, may also be the primary of its kind & might set a precedent for future festivals within the post-COVID-19 era. Kang Yeon-Kyung, CEO of MovieBloc’s, added that he hopes this new model “can coexist with domestic & global film festivals as well as the movie industry .”

In July, a bit of collaborative performance art consisting of 15 short films, was hashed and minted into a non-fungible token on the Ethereum blockchain.

That event utilized a mechanism that rewarded the project’s contributors whenever an asset was sold; the Gyeonggi Film School will implement an identical idea in their upcoming event.

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