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Secure payment through blockchain

Swedish startup company Cinezen Blockchained Entertainment paves the way for the first worldwide agreements on Video on Demand (VOD) services, which use blockchain technology to secure and simplify cryptocurrency payments.

(THIS ARTICLE IS ONLY MACHINE TRANSLATED by Google from Norwegian)

Cinezen Blockchained Entertainment claims their complex mathematical algorithms create a system that cannot be corrupted. 

The agreements were signed during the Berlin Film Festival in European Film Market (EFM) and are different from traditional VOD services. Cinezen's system goes beyond royalty payments and billing, with each content provider being part of a blockchain network with immediate access to secure transaction data. The companies that have secured access to Cinezen's BVOD service include LA-based Flexymovies, Denmark's Level K and Moscow's Antipode Sales. They have also included Film Expert Group, Celluloid Dreams and Rewind from Italy, Go2Films (Israel), LOCO Films (France), TriCoast Films (USA) and many more distributors from England, USA, Japan and Scandinavia. According to Cinezen, other agreements stand by after their BVOD service aroused considerable interest under EFM. 

Based on cryptocurrencies

Klebanov

Blockchain technology – which many associate with cryptocurrencies such as Bitcoin – is used in Cinezen's system to deal with one of the most difficult and persistent problems the film industry faces, namely a lack of trust and transparency. Cinezen uses a so-called. . .

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Nick Holdsworth
Holdsworth is a writer, journalist and filmmaker.

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