Oracle Movies Launches Blockchain Movie Market Place
The awareness of Blockchain has increased multifold. Creators are taking center stage as they are secure with this new technology. The mention of virtual digital assets in the 2022 India budget provision indicates that Blockchain has made its mark.
Blockchain is not just about money; it can be used for movies. With the help of smart contracts and distributed ledger, movies will no longer have to rely on intermediaries or studios to sell their rights.
Blockchain has been an essential factor in the digital revolution. The entertainment industry is now exploring this technology to change how we consume film and media. Blockchain is all set to change the digital entertainment industry. Oracle Movies’ Blockchain Movie Market Place helps filmmakers get exposure for their films while also considering economic equity. The goal of Oracle Movies is to be a platform for filmmakers to find people who are interested in investing in their projects, both financially and through other means.
Oracle Movies have launched their movie marketplace where anyone can buy and sell movie rights. You may ask why? Well, if you think about it logically, the only way someone could take your idea and make millions without paying you is if they stole it. And while that sounds crazy, unfortunately, it happens every single day. So what do Oracle Movies do about it? Founder & CEO Senthil Nayagam says “Simple we protect our clients’ ideas. That’s right!”
In recent years, films have been increasingly digital, from films to TV shows. Movies are now being released on Netflix and HBO before being available in theatres. In this day and age, films can be created by a single person with a camera and edited on a computer. This has led to a new era of indie films that anyone can make with little to no budget. Blockchain is a digital ledger that records transactions in chronological order and prevents them from being altered or deleted. Sure, you could go to Amazon and buy a movie, but if you wanted to watch it again, you’d have to pay Amazon again because they own the rights. With blockchain technology, audiences can purchase movies through the marketplace by paying the original creators directly. The result? More money for content creators and less hassle for viewers. The fun part is that the payment goes straight into the seller’s account. How cool is that?!
As you might imagine, this whole process takes quite some time and effort, and resources. Oracle Movies have done that for you, so it’s easy for producers to get on to this new futuristic technology unfolding. For now, the marketplace will be limited to Indian content only. But rest assured, we’ll expand to global markets soon enough.
We are in the first quarter of a brave new world emerging out of the ashes of the old world.
For more information, please visit www.oraclemovies.com.
