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DeFiFi- Bringing an Everlasting Golden Age For Global Film Industry

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zaara hary
DeFiFi- Bringing an Everlasting Golden Age For Global Film Industry

How Blockchain & DeFi are the Rescuers?
Here comes the blockchain and DeFi that rescue the film industry from its major problems.

As blockchain and DeFi work on decentralized concepts, they both can rescue the film industry which faces lack of transparency in financing over the complete film industry.

Bring Privacy in Data
Over the years the leakage of films online before its release have been increasing tremendously.Even Though blockchain is not an end-to-end solution for privacy, due to its immutable nature the records can not be modified or deleted .Use of smart contracts and tokens for signaling content owners,search engines and ISPs and more.

Simplifying the process of Sales and Distribution
As the film industry has global networks of producers, distributors and audiences connecting all those is a tedious process.Thus with blockchain technology, it's easy to connect filmmakers and film distributors and the global audiences into a single network.This will be a scalable and decentralized solution for improving film industry.

Enriching the Copyright and Ownership
When it comes to establishment of copyrights and protection of film content is a very difficult task. Thus with blockchain and DeFi the creators can register their ideas or script on the network and this is immutable. No one has the rights or chance to get the ownership of the already registered scripts.

Equal Opportunities for Everyone
Current Film Industry does not have a space where every player can get the same space to establish their scripts or ideas. But with blockchain , which creates absolute transparency, even small players can get the chance to produce their film and make revenues.As blockchain provides global access, investors from anywhere can purchase,sell or trade their film or script.

Easy and Transparent Financing
With Blockchain and DeFi which are Decentralized in nature, the investors can monitor the complete usage of his funds on various stages of film making and also the profits received over the projects that he has invested.

In many ways DeFi and Blockchain technology can uplift the media and entertainment industry.

DeFiFi - Crafting a New Path For Film Industry To Thrive In A Golden Age
What is DeFifi ?
DeFiFi is the point where Decentralized Finance and the film industry meets to make an efficient system of entertainment. During COVID'19, $40B locked in the decentralized finance protocols with the explosion of video streaming.

Investors or film producers are the one who puts the money first and see the return in the last.Since, there is no transparency in the process of film production into how funds are being used for the production, how profits are reached, how they are allocated for distribution and more.

The decision of investment is difficult,as the return is based on the success of the film and which is unknown until it is released. Thus, DeFi and blockchain technology can bring solutions for all these problems through the formation of a new realm of Decentralized Film Financing, shortly termed as DeFiFi.

To know how film productions are carried out using this DeFi -> DeFi - Rejuvenating The Film Industry To Thrive In A New Golden Age

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