South Korea’s CJ Corp Taps Amazon’s Blockchain for Music Copyrights
South Korea’s conglomerate CJ Corp is deploying Amazon’s centralized blockchain platform to improve music copyright management.
An IT arm of South Korea’s major conglomerate CJ Corp is using Amazon’s blockchain tech to improve music copyright management.
CJ Corp implementing Amazon Managed Blockchain
CJ OliveNetworks has implemented Amazon Managed Blockchain in its new digital copyright system for recording and tracking music in broadcast content, local news agency Yonhap reported on Sept. 19.
Specifically, the firm reportedly deployed Amazon Web Services’ (AWS) file-based video transcoding service Elemental MediaConvert to recognize and extract music content from broadcasting data.
Secure data sharing and storage
According to the report, the new blockchain-enabled electronic copyright platform intends to bring a higher level of transparency in music copyright management by providing secure sharing and storing tools and unmodifiable methods for mutual verification on the network.
The company says that the adoption of the system will have a number of benefits for all stakeholders, including broadcasters and copyright societies.
Previously, blockchain and Bitcoin (BTC) mining manufacturer Bitfury launched its Bitfury Surround venture to open source the music industry and help artists establish a fairer business revenue model.
On Sept. 11, AWS announced the launch of its Amazon quantum ledger database, describing it as a new type of database providing a transparent, immutable and cryptographically verifiable transaction log owned by a central trusted authority.