South African Startup to Fight Movie Piracy Using Bitcoin

Bitcoin and digital currency offer many different use cases, although a lot of them still have to be discovered and explored. Custos Media Technologies is looking at Bitcoin as a way to combat piracy, especially in the film industry.

Also read: Bitcoin Price Watch; One, Two and Three!

Using Bitcoin To Bring Film Piracy To A Halt

For many years now, movie industry experts have been trying to come up with a way to reduce the number of pirated films on the Internet. As soon as a movie hits the theatres, it doesn’t take that long until the first pirated copies start appearing online, albeit they usually are in horrible quality.

But that situation might be coming to change if South African startup Custos Media Technologies has a say in the matter. They are offering bounty hunters a reward in Bitcoin for reporting leaked movies on the Internet. However, there is more to this concept than just that, as the company has come up with the necessary technology to make this process as seamless as possible.

Assuming the startup can strike a deal with content producers, all movie pre-release copies will have a Bitcoin wallet encoded in them,

Read more ... source: TheBitcoinNews

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