We might soon witness the shift of publishing industry from advertising to micro-payments backed by BlockChain. Here is how this will transform publishing.
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How BlockChain Technology Will Transform The Publishing Industry
1.
2. 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.
5. 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.
6. Intense competition
Lack of monetisation options
Plagiarism
Being dependent on search engines
7. 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.
10. Blockchain can help publishers sell their
content rather than expecting advertising
revenue which is going down with the
widespread use of ad-blockers.
11. 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: