Almost a year ago JP Morgan was telling The Future of Blockchain in Media and Entertainment.
Media and entertainment places a premium on protecting and monetizing intellectual property. For media companies, blockchain has industry-wide applications that can transform the way content is created, consumed and protected.
Although blockchain is still most associated with cryptocurrencies like bitcoin, the emerging technology has the potential to offer multipurpose business applications for a range of industries. Media and entertainment offer an interesting use case because of two challenges the industry has struggled with as content has gone digital: the ability to protect as well as monetize intellectual property.
Blockchain technology is still in the early stages of development, but given the excitement around the many ways it could be put to use, it’s not too soon for media and entertainment companies to start thinking about the possible implications for their businesses and the industry as a whole. Blockchain has the potential to disrupt the way content is produced, aggregated, distributed and consumed—and the possibilities for content creators, brokers and arbiters of intellectual property are too big to ignore.
Cryptocurrencies and gaming
With innovation still spreading and institutional adoption on the rise, we can expect rapid integration of Bitcoin and other cryptocurrencies into the entertainment segment. Even today, these instruments are being used in quite a few ways.
Bitcoin fans rejoice at the sheer number of opportunities they now have. For instance, online casinos were quick to adopt the coin. More and more platforms in Europe and Asia accept BTC, so gamblers enjoy enhanced security and anonymity of payments. Discover more thrilling applications so far.
Over the past 20 years, PC and console gaming has come a long way. Modern games are real masterpieces with immersive graphics and realistic sound effects. Even slots have been enriched with storytelling features. This is more than a simple pastime. Now, you can pay for games with BTC! The cryptocurrency is officially accepted in the Microsoft store for Xbox and the PlayStation network. Similar opportunities are accessible to PC gamers. They can buy licenses with crypto coins and launch their favorite games at the click of a mouse.
Not everyone is ready to accept trading as a form of entertainment, but there is still some fun in it. Thanks to modern platforms, this activity is quite simple, which can make it feel like a hobby. Users have a wide array of analytical tools, and they make decisions in a rapidly changing market. Trading robots and other AI tools allow users to reap higher profits.
The abundance of information also contributes to the appeal. The internet is brimming with articles, videos, podcasts, and other content devoted to bitcoin. It is easy to stay updated about the latest trends. Trading software allows experimenting with different strategies. On the one hand, you can excitingly pass your time. On the other hand, you can earn some real money in the process. Persistence will translate into more Bitcoin in the long run! (source: www.bitrates.com).