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Blockchains in the new era of participatory media experience

Blockchains in the new era of participatory media experience

Objective

Digital technologies have transformed media content production and distribution in the global entertainment and media industry over the last two decades. The market is forecast to continue to grow over the next five years, and is currently estimated to be worth just over $2 trillion . Acute challenges remain, though, especially relating to the way in which digital content can be copied and freely distributed on the Internet, and how content contributors are compensated when their materials are used or bought through legitimate channels. The blockchain technology and the virtual currencies can provide the ideal, cost effective framework for payments, preserving privacy, low commission fees, instant financial transactions, without intermediaries.
The main goal of the Bloomen proposal is to extend the use of the blockchain technology to handle different online user transactions, provide an innovative way of content creation, sharing, personalized consumption, monetization and copyrighting.
In particular within the Bloomen project, blockchains will be used as a distributed database for media copyright information, for fast micropayments of media content, and for transparency in copyright management and monetization.
The project will deliver among others innovative services for the media industry and its results will be validated in three pilot use cases: i) User generated content and news, sharing, copyrighting and monetizing through social media and blockchains, ii) Music industry digital content broadcasting in open, blockchain enabled markets, iii) Media content delivery through WebTV and cyrptocurrency paywalls. All three use cases will be operated by well established stakeholders in the broader media industry.
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Coordinator

WORLDLINE IBERIA SA

Address

Calle Pere Iv 291
08020 Barcelona

Spain

Activity type

Other

EU Contribution

€ 567 350

Participants (6)

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INSTITUTE OF COMMUNICATION AND COMPUTER SYSTEMS

Greece

EU Contribution

€ 511 250

DEUTSCHE WELLE

Germany

EU Contribution

€ 399 062,50

BMAT LICENSING SL

Spain

EU Contribution

€ 195 125

KENDRA FOUNDATION

United Kingdom

EU Contribution

€ 643 000

ATHENS TECHNOLOGY CENTER ANONYMI BIOMICHANIKI EMPORIKI KAI TECHNIKI ETAIREIA EFARMOGON YPSILIS TECHNOLOGIAS

Greece

EU Contribution

€ 323 750

ANTENNA LTD

Cyprus

EU Contribution

€ 118 125

Project information

Grant agreement ID: 762091

Status

Ongoing project

  • Start date

    1 September 2017

  • End date

    31 August 2020

Funded under:

H2020-EU.2.1.1.

  • Overall budget:

    € 3 273 812,50

  • EU contribution

    € 2 757 662,50

Coordinated by:

WORLDLINE IBERIA SA

Spain