In the old ways, there was no way for content creators and distributors to identify who was selling what or at what price, but now it is possible with blockchain technology. If you want completely automated trading services, you can visit website with a click here; where you will get all the advanced bitcoin trading features. On a blockchain, digitally unique fingerprints are used to identify information such as who is making which piece of content available on the platform, when they’re doing so, and at what price point.
This level of transparency helps prevent copyright infringement since content owners know exactly where their products are being sold (and for how much). It also helps them to avoid problems with price manipulation.
Many crypto entertainment platforms can help artists and content producers build fan bases by providing incentives to earn points that companies could redeem for content, merchandise, or cash. In addition, using blockchain technology means no need for an intermediary party to collect data on what people are selling and how many copies are being sold to calculate profit margins.
On this platform, transaction costs and payment processing times are slashed since there is no third-party involvement. Finally, the assurance of having a decentralized ledger and innovative contract system that backs up the trust in these transactions means there is no need for an intermediary party to enforce contractual agreements between parties. Eliminating intermediaries also means that customers get better prices and access to services at all times.
Some platforms already use this technology, and others are adding it to their product offerings. Hopefully, as this technology becomes more widespread, there will be less demand for illegal music downloads or pirated movies since there will be more transparency about who is buying what and when it’s being purchased.
What is digital piracy?
Digital Piracy is the unauthorized copying, distribution, and selling of information and digital assets for profit. Pirated digital assets include software, music, videos, eBooks, TV shows, and movies. The internet has made it easier than ever for people to download pirated content from file-sharing sites or torrents. Unfortunately, a lot of money is going into the pockets of criminals who are not included in the profit chain of pirated content.
The artists who created it get nothing from this illegal act. In Digital Piracy, anybody can upload a music or video file onto the internet; it can be anyone with an internet connection and a device that allows you to process this file. When people search for specific content, they find it and download it without knowing if it is pirated. The revenue created by the digital piracy industry is enormous. This considerable revenue goes into something other than the pockets of copyright holders like musicians, filmmakers, and software developers. Instead, it goes into criminals’ pockets who are making money from selling pirated content.
The Power of Blockchain
Blockchain technology will play a major role in eliminating digital piracy. Blockchain is a secure and transparent digital ledger that provides all the information concerning transactions that have been made.
Blockchain technology provides transparency, security, and accountability in all transactions. It creates an ecosystem that benefits both the content provider and the consumer. Blockchain technology has become synonymous with almost every industry and will undoubtedly significantly eliminate digital piracy.
The Need for Consumers
If consumers stopped Digital Piracy, that would mean that the artists who create content have it all. Consumers have the power to eliminate the piracy problem, and they can do it by buying the product or service that they want. For example, if you are a musician and you make a song, and you want to sell it to your fans, then you need to do many things to get your music out there to sell it.
You need advertising, marketing, sponsorships, launching of social media accounts, streaming platforms, etc., just like any other business will do, but all this is hard work and expensive. In the end, you will make money if the fan buys your music, but if your content gets pirated over the internet and is distributed to thousands of people at no cost, what do you do? That would mean that all your marketing and hard work was wasted since you are not getting paid for all your hard work. It is what many artists complain about.
The Need for Businesses
Businesses need to secure their data to eliminate digital piracy. This data can be anything from a customer’s private information to intellectual property or valuable team member information. With blockchain technology, businesses can be confident that their data will remain secured and not be distributed to any third party and, at the same time, be able to access it whenever they need to without any problem. With blockchain, businesses could secure all their valuable data.
The Need for Governments
Governments can benefit from using this technology in many ways. One of them is when dealing with citizens and organizations from other countries. With blockchain technology, governments can regulate the activity of foreign entities within their jurisdiction by monitoring their movements through digital record-keeping. Blockchain also provides transparency that allows government agencies to provide efficient services such as licensing, voting, and land registry management.