RightsLedger to Help Artists Monetize Their IP

While the entertainment industry is booming, independent content creators are disconnected from their work and losing out on billions every year. See how RightsLedger unlocks the new creative economy
11 May 2018   704

Artists and creators struggle to make money under the current economic model of the rights management industry. Third-parties and piracy both work to undercut their ability to capitalize on their work, and a lack of transparency in the distribution process makes it difficult to see what they’re actually owed. RightsLedger looks to address the issue with a blockchain-based ecosystem that allows users to safeguard their work and reach a wider audience for distribution in an economy that removes the traditional barriers between artists and consumers.

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With RightsLedger, creators have a new platform to sell their work directly to distributors or independent buyers that is easier and more secure to use than the existing solutions by harnessing blockchain technology. Artists can upload and authenticate their work to prevent unauthorized duplication, and are able to manage their data and track their sales within the platform. The transaction between buyer and seller is transparent and secure, with smart contracts ensuring instantaneous delivery of content in exchange for Rights Tokens. And creators have access to more international markets in which to sell their work.

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The RightsIn team is led by Ray Young and Richard Gunawan, the founders of Web Concepts. Additionally, the RightsIn team relies on the vast experience of its joint venture partner Dinpay and their CEO Hugo Ye. Dinpay is China's leading third-party secure payment platform provider.

RightsLedgerRightsLedger team

RightsIn quickly becoming the largest single source of licensable intellectual property content database in the world. But, much more than just a repository for IP, it will be the largest revenue generating platform for all types of content owners. Providing sophisticated yet simple solutions that allow artists to monetize their creations makes RightsIn a platform for creatives to check out. 

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   67

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.