Blockchain technology made big news in December thanks to the bitcoin cryptocurrency surging past $10,000 to a $20,000 peak, the launch of bitcoin futures in major exchanges, and the announcement that the Australian Stock Exchange will use blockchain technology for trade settlement.
So you have to wonder, what does blockchain have in store for media and entertainment in 2018?
The beauty of blockchain technology is that it enables a digital marketplace that is both decentralized yet tamper-resistant. Transactions are recorded chronologically in a distributed ledger that is transparent to its participants, but encrypted so nobody can cheat by changing or faking transactions.
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