The absence of efficient and low-cost P2P distribution for digital content is a major issue in the media and entertainment sector. Distributors in the past have included entities like record labels, publishers, and streaming services, who frequently took a sizable cut of the author’s earnings. It may also be challenging for creators to have honest and open dialogues with their viewers when these middlemen are involved. Both content producers and users may find it more difficult to make a living from their efforts.
Blockchain technology might be used to facilitate the development of decentralized, peer-to-peer platforms for the distribution and monetization of digital material, thereby addressing this issue. Without middlemen getting in the way, producers and consumers may have a more open and honest connection thanks to blockchain technology. This has the potential to increase both the income artists receive from their work and the variety of material available to audiences. Tokens and smart contracts built on the blockchain may then be used to make micropayments, rewarding producers and encouraging audience participation. This can aid in the development of a more streamlined and low-cost system for the distribution andClose