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South Korea’s CJ Corp Taps Amazon’s Blockchain for Music Copyrights

cointelegraph

1mon ago

An IT arm of South Korea’s major conglomerate CJ Corp is using Amazon’s blockchain tech to improve music copyright management.

CJ OliveNetworks, a technology subsidiary of CJ, has reportedly implemented Amazon Managed Blockchain in its new digital copyright system for recording and tracking music in broadcast content, local news agency Yonhap reported on Sept. 19.

Specifically, the firm reportedly deployed Amazon Web Services’ (AWS) file-based video transcoding service Elemental MediaConvert to recognize and extract music content from broadcasting data.

According to the report, the new blockchain-enabled electronic copyright platform intends to bring a higher level of transparency in music copyright management by providing secure sharing and storing tools and unmodifiable methods for mutual verification on the network.

The company says that the adoption of the system will have a number of benefits for all stakeholders, including broadcasters and copyright societies.

Meanwhile, Blockchain’s potential in the music industry has been reported so far. On Sept. 12, global media giant Warner Music Group revealed that it will be creating digital assets using a new public blockchain backed by CryptoKitties creator Dapper Labs.

Previously, blockchain and Bitcoin (BTC) mining manufacturer Bitfury launched its Bitfury Surround venture to open-source the music industry to help artists establish a fairer business revenue model.

On Sept. 11, AWS announced the launch of its Amazon quantum ledger database, describing it as a new type of database providing a transparent, immutable and cryptographically verifiable transaction log ‎owned by a central trusted authority.

Regarding any copyrights issue, please contact us:content@hashbee.com.

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