{"id":756,"date":"2018-10-26T10:07:27","date_gmt":"2018-10-26T14:07:27","guid":{"rendered":"https:\/\/www.amp.legal\/blog\/?p=756"},"modified":"2018-10-26T14:50:46","modified_gmt":"2018-10-26T18:50:46","slug":"entertainment-embraces-blockchain","status":"publish","type":"post","link":"https:\/\/www.amp.legal\/blog\/entertainment-embraces-blockchain\/","title":{"rendered":"Entertainment Embraces Blockchain"},"content":{"rendered":"

Blockchain innovators want to change how the entertainment industry conducts business. In the future, blockchain integration has the potential to improve entertainment such as promoting fairness in content management and enhancing the experience of online gaming.<\/p>\n

Content Control<\/h3>\n

Ara<\/a> hopes to revolutionize content sharing with its decentralized blockchain platform. An article from CoinCentral,\u00a0Sony & Disney-Backed Littlstar Launches Blockchain Platform Ara Blocks<\/em><\/a>, by Alex Moskov, discusses how Ara plans to help creators manage their content. Ara provides\u00a0an alternative way for creators, such as artists and writers, to bypass the control of large corporations. As a result,\u00a0Ara enables the content creators to connect directly with their followers.<\/p>\n

Any device can join Ara\u2019s global network. To earn revenue, users allow Ara\u2019s network to access their device\u2019s available processing, storage, and bandwidth capacities.<\/p>\n

\"LightBlockchain Games<\/h3>\n

Advocates of blockchain believe that DLT (distributed ledger technology) solves numerous problems for developers and gamers. As a benefit for\u00a0developers, the transparency and permanency of blockchain prevents fraud and hacking. For players, a decentralized platform\u00a0enhances their gaming experience, such as allowing\u00a0them\u00a0to have true ownership of in-game properties.<\/p>\n

XAYA<\/a> is integrating blockchain into gaming platforms to avoid slowdowns and scalability<\/a> issues. Using XAYA, games with multiple users unfold into a \u201cgame channel<\/a>\u201d that is similar to a Bitcoin payment channel. Only the starting positions and outcomes are recorded in the main network, which prevents cheating, saves storage space, and keeps transaction fees low.<\/p>\n

Bitcoin Gambling<\/h3>\n

Casinos are using blockchain to make online gambling transparent<\/a>, which gives their customers confidence to make bets.\u00a0MintDice<\/a> reported that Bitcoin casinos are emerging internationally to take advantage of the promising technology. However, online casinos face ongoing challenges such as verifying their players and following gambling laws.<\/p>\n

BitPokerStar<\/a> explains that while betting with cryptocurrency\u00a0isn\u2019t specifically illegal in the United States, there are various state laws that prohibit gambling. For this reason, online casinos often base their organizations in countries that have more favorable gambling laws.<\/p>\n

Future Advancements<\/h3>\n

The successful integration of blockchain for managing content and improving gaming will advance the disruptive effects<\/a> in the entertainment industry. In the long run, other areas in entertainment may see disruptions including:<\/p>\n