We talk with Sam Klebanov, of Cinezen which describes the worldwide BVOD agreements as similar to licensing for transactional video-on-demand (TVOD), except that consumers pay for the content with Ethereum
Cinezen describes the worldwide BVOD agreements as similar to licensing for transactional video-on-demand (TVOD), except that consumers pay for the content with Ethereum, the world’s second largest crypto-currency after Bitcoin.
The system does not require invoicing and royalty reporting, because every content provider is part of a blockchain network and has direct access to transparent transaction data. In the second phase, consumers will be able to use credit cards to make payments, but transactions will be converted into crypto-currency so the transparency will remain.
We talk with Sam Klebanov, Chief Executive of Cinezen about this evolving sector and their solution.
