how blockchain technology will transform the publishing industry

Blockchain is a distributed database that keeps a continuously-growing list of records protected from revision and tampering. Basically, the blockchain technology is a public ledger that records all transactions that have ever occurred.

Traditional Databases BlockChain distributed ledger

BlockChain Technology has the potential to make transactions much more streamlined by eliminating middlemen and other bottlenecks. This is beneficial to a host of industries that are currently struggling without a robust transaction mechanism.

Intense competition

Lack of monetisation options

Plagiarism

Being dependent on search engines

Not having a proper solution that can facilitate monetising intellectual content is the biggest challenge faced by the publishing industry. Advertising is the only option available to publishers at the moment.

ADS

User Online content

User BlockChain Online content

Blockchain can help publishers sell their content rather than expecting advertising revenue which is going down with the widespread use of ad-blockers.

BlockChain will enable encryption to make a direct path of data to the buyer

Publishers can restrict the supply of copies made, downloaded or viewed.

Unlocking bitcoins is counter-intuitive considering the processing power and cost involved

Bitcoin is unique and different and every transaction is recorded

Here are some unique benefits of selling via BlockChain:

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