Today media companies are facing challenges such as tracking provenance and usage rights, while the content creators are struggling with monetizing their work.
Our Ethereum smart contract, tied to individual piece of news media content, records the transaction history of content between authors and consumers, in a transparent and immutable manner.
DApp with an ETH smart contract at its core, facilitates secure creator-to-user transations on the Ethereum blockchain. Content is managed by Media Express API. Developed for Thompson Reuters challenge at Hack'n'Lead Hackathon, which took place in Zurich on June 16-17, 2018.
- pay media content creators via block chain in a secure manner
- for the content users rights can be sliced and diced in multiple ways
- keep track of how many times a particular content was used by news-agency clients
- ensure information provenance
- store the content as decentralized encrypted files which can be unlocked only by a private hashed key
DApp with an ETH smart contract at its core, which facilitates secure creator-to-user transations on the Ethereum blockchain Content is managed by Media Express API.
- Deploy smart contract to Ethereum Blockchain
- Interface the DApp with web application through smart contract's ABI
- Creators submit content (text, image, video) to MediaExpress API
- User selects desired content (or piece of it, think one paragraph or video snippet) from MediaExpress API
- ..and pays for it with ETH tokens
- tokens are deposited to creator's wallet
- each time this particular piece of content is used, author gets paid royalties to their wallet
- currently there are no alternative solutions
- decentralized platform acts as a trust layer for the internet, so no intermediary/3rd party is needed
- Payments can be held in escrow in a smart contact at the start of an assignment, to be released on successful completion of work.
TEAM-OF-5: Ana Bárbara, Claudia, Gabriella, Modestas, Sofia
