As we have seen in multiple previous articles, numerous large corporations are investing in cryptocurrencies and in the blockchain technology. The new innovations provide solutions that simply didn’t exist before and can really help these businesses. In the past, we have seen companies like Microsoft, Kodak, Line, Kakao, and more launch their own or integrate digital tokens into their platform. Another firm, Sony, has shown deep interest for the decentralized ledger, coins, and tokens. This week, the electronics giant has made an announcement reinforcing their commitment to the blockchain, which is very promising.
The Japanese multinational issued a statement regarding the creation of a copyright and digital rights management platform built using the blockchain technology. This new innovative management system will be used for various types of content such as educational content, music, video, books, and more. The company also plans to bring this platform to market, but it is still unclear how they will do so and what will be its price.
The platform will allow users to exchange previously mentioned content, check and assess copyright information and more. Sony is one of the numerous firms that is using the blockchain technology for its business activities. It fits perfectly as Sony is one the biggest actors of the entertainment and digital content industry. This is an important announcement for the firm but also for the crypto space. With large organizations now understanding the value that the technology brings and the potential of digital currencies, we will surely see a spike in usage rate and monetary value of coins and tokens. Will other electronics company follow in Sony’s footsteps? Will we ever see a company like Apple create its own dematerialized currency?
TLDR: Japanese electronics giant Sony has announced the creation of a digital content and copyrights management platform. The organization will try to commercialize it.