MovieCoin, a leading next-generation financial technology company that is leveraging Blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Read this Term technology and cryptographic tokens to revolutionize entertainment industry financing and transactions, today announced that its first suite of innovative solutions for production companies, investors, lawyers, guilds and other stakeholders will be released this Fall.
Using smart contracts, distributed ledger technology and Moviecoin Tokens—an industry-themed cryptocurrency—to improve asset transparency, workflow efficiency and revenue distribution across media and entertainment, MovieCoin is standardizing financing, reporting and payment processes that have traditionally been overly complex and inefficient.
A recently published Whitepaper, which is available at www.movie.io explains in-depth the Company’s mission and how it will utilize blockchain technology and tokenization to better manage an entertainment asset’s entire economic lifecycle, improve liquidity and reduce investor risk.
“We are creating an intuitive platform that will enhance entertainment industry participants’ abilities to more easily conduct their business activities while realizing time and cost efficiencies when investing in motion pictures and other media,” said Christopher Woodrow, MovieCoin Chairman and CEO.
“We expect industry stakeholders who leverage our platform will be able to recoup more capital from their investments, reduce the burden on legacy backend resources and be able to cast a wider net to global investors who may be interested in deploying capital in high-quality projects at a fair value and with greater liquidity.”
Film and entertainment industry participants and business owners will benefit from the following features:
- Innovative Smart Asset Assembly & Offerings: Film and television production financing involves numerous participants, dozens of agreements, detailed budgeting and funding processes, and distribution of proceeds statements governing Payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term to dozens of stakeholders, including producers, actors, guilds, financiers, lawyers, sales and collection agents.
MovieCoin’s Smart Asset Assembly eliminates the complexity of this existing process. Leveraging a state-of-the-art protocol developed by BANKEX, key financing and back-office processes will now be automated, including complex legal documents, enforcing transactions and validating relevant data against source documents.
The Company and its affiliates are also developing multiple entertainment finance techniques to leverage the combined power of the MovieCoin platform with Moviecoin Tokens. One initial technique is the offer and sale of securities tokens—MovieCoin Smart Asset Tokens, which will be assembled and tokenized on the Company’s platform. A combination of cash and Moviecoin Tokens would be released to the producer via the MovieCoin Platform to fund production costs of a project and the cash flows generated by the resulting completed MovieCoin Smart Asset would be paid to investors with a combination of cash or Moviecoin Tokens on the MovieCoin platform.
Ultimately, the unique combination of the MovieCoin platform, Moviecoin Tokens and tokenization of MovieCoin Smart Assets created on the Company’s platform will be used to create a global yet local film finance platform to be used by major studios, production companies, investors and lenders.
- Efficient and Effective Production Cycle Control: The platform will provide a unique ability to automate tedious operational processes, including the movement of funds from investors to third parties, tracking investments in specific entertainment assets, creating and honoring production financing schedules, ensuring insurance coverage, formalizing relations between production companies and guilds and overseeing collection account management.
- Unprecedented Revenue Waterfall Management: Businesses and individuals will receive residuals and royalties from distribution waterfalls in near-real-time as they are collected. Payments due to investors, producers, actors, guilds, collection agents and other parties are remitted on-receipt, rather than accumulated by intermediaries until the next accounting period.
- Targeted Marketing Data: As consumer transactions such as buying tickets at the box office and subscribing to digital content are executed using Moviecoin Tokens, MovieCoin will collect anonymized data regarding customer preferences to help inform companies registered to its platform. These insights will allow businesses, such as distribution companies, to replace massive “shotgun marketing” budgets with more strategic and cost-efficient campaigns.
In conjunction with MovieCoin’s initial smart asset offerings, the Company is commencing a security offering this month to raise capital to fund a slate of films that will be produced on the MovieCoin platform, which will become MovieCoin Smart Assets.
The Company is establishing the MovieCoin Smart Fund (the “Fund”) and intends to sell $250 million worth of Fund tokens. These tokens will finance 8 to 10 widely-released theatrical films on an annual basis during the term of the Fund. The Fund intends to own all rights to the films it finances and to build a valuable content library that can be re-marketed, re-licensed and re-financed to benefit Fund Token holders. The Fund’s films will be insured and bonded to mitigate film production, completion and delivery risk.
About MovieCoin
MovieCoin is a next-generation financial technology company focused on leveraging blockchain technology, proprietary applications and cryptographic tokens to become the leading entertainment transaction platform for businesses and consumers and the standard currency for funding motion pictures, television and other media. The Company has operations spanning content finance and production, business and consumer services and technology development and licensing.
MovieCoin’s content finance and production businesses offer programmatic ownership of filmed entertainment assets to financial investors seeking institutionalized exposure to premium content, while the technological development of its digital assets platform utilizes cryptographic tokens to provide businesses with innovative solutions to streamline operations and entertainment enthusiasts with unique and more engaging ways to participate in the movie experience. The Company has offices in Vancouver, British Columbia and Los Angeles, California.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
MovieCoin, a leading next-generation financial technology company that is leveraging Blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Read this Term technology and cryptographic tokens to revolutionize entertainment industry financing and transactions, today announced that its first suite of innovative solutions for production companies, investors, lawyers, guilds and other stakeholders will be released this Fall.
Using smart contracts, distributed ledger technology and Moviecoin Tokens—an industry-themed cryptocurrency—to improve asset transparency, workflow efficiency and revenue distribution across media and entertainment, MovieCoin is standardizing financing, reporting and payment processes that have traditionally been overly complex and inefficient.
A recently published Whitepaper, which is available at www.movie.io explains in-depth the Company’s mission and how it will utilize blockchain technology and tokenization to better manage an entertainment asset’s entire economic lifecycle, improve liquidity and reduce investor risk.
“We are creating an intuitive platform that will enhance entertainment industry participants’ abilities to more easily conduct their business activities while realizing time and cost efficiencies when investing in motion pictures and other media,” said Christopher Woodrow, MovieCoin Chairman and CEO.
“We expect industry stakeholders who leverage our platform will be able to recoup more capital from their investments, reduce the burden on legacy backend resources and be able to cast a wider net to global investors who may be interested in deploying capital in high-quality projects at a fair value and with greater liquidity.”
Film and entertainment industry participants and business owners will benefit from the following features:
- Innovative Smart Asset Assembly & Offerings: Film and television production financing involves numerous participants, dozens of agreements, detailed budgeting and funding processes, and distribution of proceeds statements governing Payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term to dozens of stakeholders, including producers, actors, guilds, financiers, lawyers, sales and collection agents.
MovieCoin’s Smart Asset Assembly eliminates the complexity of this existing process. Leveraging a state-of-the-art protocol developed by BANKEX, key financing and back-office processes will now be automated, including complex legal documents, enforcing transactions and validating relevant data against source documents.
The Company and its affiliates are also developing multiple entertainment finance techniques to leverage the combined power of the MovieCoin platform with Moviecoin Tokens. One initial technique is the offer and sale of securities tokens—MovieCoin Smart Asset Tokens, which will be assembled and tokenized on the Company’s platform. A combination of cash and Moviecoin Tokens would be released to the producer via the MovieCoin Platform to fund production costs of a project and the cash flows generated by the resulting completed MovieCoin Smart Asset would be paid to investors with a combination of cash or Moviecoin Tokens on the MovieCoin platform.
Ultimately, the unique combination of the MovieCoin platform, Moviecoin Tokens and tokenization of MovieCoin Smart Assets created on the Company’s platform will be used to create a global yet local film finance platform to be used by major studios, production companies, investors and lenders.
- Efficient and Effective Production Cycle Control: The platform will provide a unique ability to automate tedious operational processes, including the movement of funds from investors to third parties, tracking investments in specific entertainment assets, creating and honoring production financing schedules, ensuring insurance coverage, formalizing relations between production companies and guilds and overseeing collection account management.
- Unprecedented Revenue Waterfall Management: Businesses and individuals will receive residuals and royalties from distribution waterfalls in near-real-time as they are collected. Payments due to investors, producers, actors, guilds, collection agents and other parties are remitted on-receipt, rather than accumulated by intermediaries until the next accounting period.
- Targeted Marketing Data: As consumer transactions such as buying tickets at the box office and subscribing to digital content are executed using Moviecoin Tokens, MovieCoin will collect anonymized data regarding customer preferences to help inform companies registered to its platform. These insights will allow businesses, such as distribution companies, to replace massive “shotgun marketing” budgets with more strategic and cost-efficient campaigns.
In conjunction with MovieCoin’s initial smart asset offerings, the Company is commencing a security offering this month to raise capital to fund a slate of films that will be produced on the MovieCoin platform, which will become MovieCoin Smart Assets.
The Company is establishing the MovieCoin Smart Fund (the “Fund”) and intends to sell $250 million worth of Fund tokens. These tokens will finance 8 to 10 widely-released theatrical films on an annual basis during the term of the Fund. The Fund intends to own all rights to the films it finances and to build a valuable content library that can be re-marketed, re-licensed and re-financed to benefit Fund Token holders. The Fund’s films will be insured and bonded to mitigate film production, completion and delivery risk.
About MovieCoin
MovieCoin is a next-generation financial technology company focused on leveraging blockchain technology, proprietary applications and cryptographic tokens to become the leading entertainment transaction platform for businesses and consumers and the standard currency for funding motion pictures, television and other media. The Company has operations spanning content finance and production, business and consumer services and technology development and licensing.
MovieCoin’s content finance and production businesses offer programmatic ownership of filmed entertainment assets to financial investors seeking institutionalized exposure to premium content, while the technological development of its digital assets platform utilizes cryptographic tokens to provide businesses with innovative solutions to streamline operations and entertainment enthusiasts with unique and more engaging ways to participate in the movie experience. The Company has offices in Vancouver, British Columbia and Los Angeles, California.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
